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29.12.2020 (874 Clicks)

Ventia awarded Field Optimisation Contract with Telstra

Essential services provider Ventia has been awarded a significant contract with Telstra. The three-year Field Optimisation Contract has estimated revenue of $570 million based on expected volumes.

29.12.2020 (665 Clicks)

Ventia awarded Anglo American Facilities and Asset Management Contract

Ventia has been awarded a contract to deliver comprehensive facility and asset management services to Anglo American’s Metallurgical Coal business operations in the Bowen Basin, Central Queensland.

29.12.2020 (905 Clicks)

Sedgman secures Operations Contract Extension

Cimic Group’s minerals processing company, Sedgman, has been awarded an extended operations and maintenance services contract at the Mount Pleasant mine in New South Wales.

28.12.2020 (722 Clicks)

Green Light for fossil-free Steel in Oxelösund

The Land and Environment Court has decided to grant SSAB Oxelösund an environmental permit to convert its steelmaking operations and reduce carbon dioxide activities by 2025. This also means that we will take a step nearer towards fossil-free steel production across SSAB in 2045.

This is an historic decision in many ways. It is the first time that Oxelösund has applied for changes in production to reduce carbon dioxide emissions. Use of sponge iron made through HYBRIT technology, together with scrap iron as feedstock instead of iron ore and coal, will enable SSAB to reduce emissions in Oxelösund by around 80%.

“This is fantastic news and I’m really pleased that we can now really get started on building to make fossil-free steel. We can now start to reach a stronger and more sustainable world”, says a delighted Kristina Branteryd, Environment Manager at SSAB Oxelösund, adding that:

“It’s one of the best written judgments I’ve ever seen and I’m overjoyed. It entails tough conditions that will involve a lot of work but nothing that we won’t manage.”

The timeline was tight but the court considered the application efficiently and set up timeframes that all parties were able to keep to. The application has been considered and the referral bodies have had the opportunity to submit views to which SSAB has responded on several occasions. The entire application process, including consultation with the public and the authorities, has taken about two years to work its way through.

“It’s important for us to have effective and expedient evaluation of permits to avoid the risk of emitting unnecessary carbon dioxide and also to give parties an opportunity to have their say,” says Kristina Branteryd. The fact that we will now make these changes in our operations will hopefully secure production in the region. Oxelösund has a century-old steelmaking tradition and conversion to more sustainable production will safeguard operations for a long time ahead.

Application facts

The application consisted of a string of various documents that describe SSAB’s operations in Oxelösund. The top document describes why we are seeking a permit. There is also a technical description of the entire facility and an environmental impact assessment of operations. Additionally, there is a string of underlying reports describing the impact of operations on the surroundings, emissions into the air and water, noise studies, risk surveys and so on.

About HYBRIT

The HYBRIT initiative was launched in spring 2016 with the aim to develop the world’s first fossil-free ore-based steelmaking technology. The goal is to offer the first fossil-free steel as early as in 2026. Use of hydrogen instead of coke and coal in the steelmaking process means the emission of water instead of carbon dioxide. The initiative has the potential to reduce Sweden’s total carbon dioxide emissions by 10%. Hybrit Development AB is a joint venture owned by steelmaker SSAB, iron ore producer LKAB and energy company Vattenfall.

About SSAB

SSAB is a Nordic and US-based steel company. SSAB offers value added products and servicesdeveloped in close cooperation with its customers to create a stronger, lighter and more sustainableworld. SSAB has employees in over 50 countries. SSAB has production facilities in Sweden, Finlandand the US.

                     

28.12.2020 (692 Clicks)

Metso Outotec wins EUR 100 Million Order for Delivery of complete Key Equipment for a new Zinc Plant in Russia

Metso Outotec has signed a contract to deliver a complete package of key process equipment for a greenfield zinc plant in Verkhny Ufaley in the Chelyabinsk region in Russia. The contract value of approximately EUR 100 million has been booked in Metso Outotec’s fourth-quarter 2020 order intake, a quarter of which will be booked in Minerals segment and the rest in Metals segment.

28.12.2020 (679 Clicks)

Metso Outotec divests its Aluminium Business

Metso Outotec has signed an agreement to sell its Aluminium business to REEL International, headquartered in France. The business was announced to be for sale a year ago and has been since reported under discontinued operations.

26.12.2020 (938 Clicks)

GeoResources Team Wishes You and Your Families a Merry Christmas and a Prosperous 2021

GeoResources Team Wishes You and Your Families a Merry Christmas and a Prosperous 2021

24.12.2020 (675 Clicks)

Triton to sell DSI Underground to Sandvik

Our owner Triton plans to sell DSI Underground to the Sweden based public listed company Sandvik Group. A Sales and Purchase agreement has been signed and the transaction is expected to close subject to local review, protocols, and regulatory approvals by mid-2021.

22.12.2020 (756 Clicks)

Porr and Strabag begin Work on Metro Expansion in Vienna

• A consortium of the two largest construction companies in Austria will implement the order worth almost half a billion €
• Lot A contains several sections of the route redirection of the line U2: a total of 7 km of tunneling and 4 new stations
• Technically demanding construction work in the inner-city area

18.12.2020 (739 Clicks)

Integration of the Agua Rica Project in Argentina completed

Glencore notes the announcement by Yamana relating to the integration of the Agua Rica project with the Alumbrera mine, plant and infrastructure.