Glencore confirms alternative proposal to acquire Teck’s steelmaking coal business
While Glencore remains willing to pursue its Proposed Merger Demerger, Glencore has made this alternative proposal to acquire EVR as it is expected to allow for a value accretive demerger of the combined coal and carbon steel materials business to its shareholders. We also note continued strong support from shareholders for a transaction between Glencore and Teck.
If a transaction were to materialise, Glencore would demerge CoalCo, once Glencore has sufficiently delevered, which is expected approximately 12-24 months from close. Glencore would manage its post-demerger balance sheet, post servicing its formulaic base distribution, to a revised c.US$5 billion net debt cap, down from the current level of c.US$10 billion, alongside our continued commitment to minimum strong BBB/Baa ratings.
Glencore is fully committed to ensuring that the Proposed EVR Acquisition would benefit Canada and is open to working with Teck to identify a comprehensive suite of commitments for the benefit of all relevant stakeholders which would, amongst others, maintain and, where feasible, enhance EVR’s existing presence and capital investments in Canada as well as its community, social, labour and environmental programmes.
Skanska has signed a contract with the Norwegian Road Authority (NPRA) to build the new E18 highway between Fornebukrysset and Strand outside Oslo, Norway. The contract is worth NOK 4.6 billion, about SEK 4.6 billion, which will be included in the Nordic order bookings for the second quarter 2023.
Two of the largest mining companies in the world join forces with the objective of exchanging information in areas of mutual interest, such as the electrification of mining activities, the supply of desalinated water, the stability and monitoring of tailings deposits, and the development of technologies for the decarbonisation of processes, among others.
With the acquisition of one of the leading companies for air supported belt conveyors, The Hendrik Group Inc., the Beumer Group is expanding its portfolio in the field of bulk material transport. In particular, the handling of alternative fuels and raw materials (AFR) confirms Beumer's commitment towards sustainability and is at the same time fully complementary to the current technologies offering ensuring an even broader customer benefit. The technology also generates additional potential in the field of bulk material handling of sensitive materials when it comes to preventing hazardous substances from being released into the environment.
Amberg Technologies announces software releases:
GeoResources Journal 3-2023 is dedicated to the main topic areas of mining, tunnelling, geotechnics and energy, as well as the special topic: Focus on fairness and skilled workforce....
From first Ideas to Implementation – Satisfaction is guaranteed when we are enthusiastic about what we construct!
Enthusiasm about what we do when we build something is an important key to job satisfaction; communicating this to others, valuing people we deal with, and attracting skilled personnel in future gen...
In the Brenner Base Tunnel, the innovative DT923i tunnel drill rig from In the Brenner Base Tunnel, the innovative DT923i tunnel drill rig from Sandvik is in use for the first time in Central Europe...
28.11.2023 - 30.11.2023
12.12.2023 - 13.12.2023
14.12.2023 - 15.12.2023
14.12.2023 - 15.12.2023
World’s longest Railway Tunnel Project – supported by innovative Conveyor Digitalisation and reliable Engineering
17. October 2022 (1955 Clicks)
The consortium BTC Brennero Tunnel Construction and the Hosch Group jointly delivered on a world-class tunnelling project by combining excellent engineering with the innovative remote monitoring system Hoschiris Discover.
27. December 2019 (12957 Clicks)
Das Buch 1 "Technikentwicklung und Forschung der RAG" behandelt zusammenfassend die Ergebnisse der Bücher 2 bis 6 und ergänzt um das Thema Lagerstätte aus dem Buch 7. Das Thema „Forschung und Entwicklung“ wird genauso behandelt, wie der Streckenausbau, die Entwicklung der Technikbereiche, die Bergwerksautomatisierung und die Unternehmensdigitalisierung.
27.11.2023 (237 Clicks)
01.11.2023 (164 Clicks)