02.06.2023

HS2 reveals first giant lake piers for record-breaking Colne Valley Viaduct

On first anniversary of the start of deck construction for the UK’s longest railway bridge, HS2 reveals first enormous lake piers that will carry the 2 mile (3.4km) viaduct across a series of waterways on the outskirts of London.  

Market-Place-4.0 Outokumpu Oyj

01.06.2023

Outokumpu seeks to strengthen the supply chain of sustainable nickel by acquiring a share in the Canadian company FPX Nickel

Outokumpu seeks to strengthen the supply chain of sustainable nickel by acquiring a share in the Canadian company FPX Nickel (Credits: Outokumpu)

Outokumpu seeks to strengthen the supply chain of sustainable nickel by acquiring a share in the Canadian company FPX Nickel

Outokumpu has ambitious sustainability targets and is constantly looking for options to further decarbonize its stainless steel. In addition to looking at its own manufacturing operations, Outokumpu also seeks to strengthen its supply chain of sustainable raw materials for the future. Therefore, the company has signed an agreement to become a shareholder in the Canadian company, FPX Nickel Corp., as the only stainless steel producer with an ownership share of 9.9%. The carbon footprint of the FPX Nickel product is projected to be among the lowest 10% in the nickel industry and it is readily usable in stainless steel industry, making it well suited for Outokumpu’s stainless steel operations.

Based in Vancouver, Canada, junior mining and development company FPX Nickel owns and develops the Baptiste nickel deposit in the Decar Nickel District located in central British Columbia. The current estimate is that the nickel production would start approximately at the end of the current decade. Outokumpu has agreed to invest EUR 11 million in the company. With the investment, Outokumpu secures a right to a share of FPX Nickel’s future production.  

The nickel contained in the Baptiste deposit is in the form of a naturally occurring nickel-iron alloy called awaruite, which will generate a novel ferronickel product. Given its ferromagnetic properties, this alloy can be recovered to a high-value ferronickel product using a simple process of magnetic separation and flotation, which represents certain cost and sustainability advantages in comparison to the traditional furnace smelting techniques used to produce ferronickel. Further, the proximity of the Baptiste deposit to the Canadian hydro-electric power grid will assist FPX in achieving nickel production with among the lowest carbon intensity in the global nickel industry.

“Our partnership with Outokumpu testifies to Baptiste’s potential to produce a premium nickel product that can bypass the intermediate smelting stage, thus becoming a highly sought-after feedstock for the responsible production of low-carbon finished products in multiple consumer and industrial markets, including stainless steel.  FPX is pleased to be Outokumpu’s preferred partner as they look to secure the sustainable, long-life nickel units which are best aligned with their strategic objectives,” comments Martin Turenne, FPX’s President and CEO.

“The carbon footprint of Outokumpu’s stainless steel is already the lowest in the world, but we want to further decarbonize our product. This also requires the reduction of our supply chain emissions. To achieve this, we work together with our suppliers to strengthen the sustainability of the entire supply chain – including environmental, social and governance aspects. The nickel found in the deposit developed by FPX Nickel in Canada has a very low carbon footprint. Therefore, we are excited to be part of this development project as a shareholder, which, once realized, would mean an excellent low-emission source of nickel and in a composition which suits our own production,” says Marc-Simon Schaar, Head of Raw Material Sourcing at Outokumpu.

Source: Outokumpu

#Canada (CA) #Finland (FI) #mergers and acquisitions #supply chain #raw materials #ESG (Environmental, Social, Governance) #CO2-reduction #nickel #steel #Outokumpu Oyj #Mining

                     

31.05.2023

Epiroc - large mining equipment order including battery and automation solutions from Boliden in Sweden

Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has won a large order for mining equipment, including battery-electric vehicles and automation solutions, from Boliden for use at three of its underground mines in Sweden. The new order follows Boliden’s large order of similar equipment last year.  

31.05.2023

Distribution and services close to the customer: new Liebherr branch in the Paris region

• The new Liebherr branch in the west of Paris is the 10th site in France for Liebherr Distribution et Services France SAS
• Specialized in sales, rental and maintenance, the new branch now serves the Paris region
• In total, five product segments of the Group are represented in Taverny: earthmoving, material handling machines, aerospace and transportation, components, gear technology and automation systems
• A further step forward in one of the Group's most important markets  
  
  

31.05.2023

Anglo American re-organises senior management team

• Anglo American announces a number of changes to its senior management team and to its organisation.

Duncan Wanblad, Chief Executive of Anglo American, said: “We are re-organising how we manage our production businesses and the functional expertise that supports them to drive safe and consistent operational excellence and enhanced value. We are building on the significant progress we have made in recent years to further improve our portfolio of world class assets and deliver our growth potential – in service of our commitments to our shareholders, employees and stakeholders, as a responsible producer of future-enabling metals and minerals.