12.10.2023

Anglo American appoints Matt Walker as CEO of Marketing business

Anglo American plc announces the appointment of Matt Walker as CEO of its Marketing business, following Peter Whitcutt’s decision to step down after 33 years with Anglo American.  

12.10.2023

ExxonMobil mergers with Pioneer Natural Resources in an all-stock transaction

Exxon Mobil Corporation (NYSE: XOM) and Pioneer Natural Resources (NYSE: PXD) jointly announced a definitive agreement for ExxonMobil to acquire Pioneer. The merger is an all-stock transaction valued at $59.5 billion, or $253 per share, based on ExxonMobil’s closing price on October 5, 2023.  

11.10.2023

REE Minerals announces Mineral Resource Estimate confirming Europe’s largest deposit of light rare earth elements

A recent Mineral Resource report confirms REE Minerals AS’s belief that it holds Europe’s largest known deposit of light rare earth elements. These elements are indispensable in various technological products, and the EU has recently presented a strategy to increase production in Europe.  

11.10.2023

DNV Energy Transition Outlook: Renewables still not replacing fossil fuels in the global energy mix

Over the last five years fossil fuels have met only half of the new demand for energy globally, despite a rapid buildout of renewable capacity, according to DNV’s Energy Transition Outlook. The report finds that between 2017-2022 renewables met 51% of new energy demand, whilst the remaining demand was supplied by fossil fuels.   

Market-Place-4.0 Epiroc Group Byrnecut group

10.10.2023

Epiroc: large order for Minetruck MT65 S haulers for new Australian lithium mine

Epiroc: large order for Minetruck MT65 S haulers for new Australian lithium mine (credits: Epiroc)

Epiroc has won a large order for underground mining trucks in Australia from global mining contractor Byrnecut.

Byrnecut, one of the world’s largest underground mining contractors, has ordered a fleet of Minetruck MT65 S haulers, the world’s highest payload underground truck in the field. The equipment will be used at the Kathleen Valley mine in Western Australia. The mine, where lithium as well as tantalum will be produced, is currently under development, with production targeted to begin in 2024.  Lithium is a common mineral in electric vehicle batteries. Tantalum is used, among other things, for high-temperature applications such as in aircraft engines.

The equipment order is valued at about MSEK 130 and was booked in the third quarter 2023. Epiroc will also provide parts and service support, including service technicians on site.

“We are excited to contribute to the success of the new Kathleen Valley mine, where the production of lithium, especially, will support the acceleration of the transformation to a low-carbon society,” says Helena Hedblom, Epiroc’s President and CEO.

“The newly updated Epiroc Minetruck MT65 S is a top-of-the-line machine designed with a focus on safety, productivity, energy efficiency, and operator comfort,” says Sami Niiranen, President of Epiroc’s Underground division. “We look forward to continue working together with Byrnecut to make their mining operations successful.”

Epiroc and Byrnecut have a long-standing partnership, and the contractor already runs a fleet of Minetruck MT65 haulers at other mining sites.

The ordered mining trucks have several advanced features, such as Epiroc’s telematics system Certiq, which allows for intelligent monitoring of machine performance and productivity in real-time. Delivery will begin soon and will continue in 2024 and 2025.

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