15.08.2022

Strabag to modernise Railway Line in Croatia between Zagreb and Rijeka

• Upgrade and new construction of 44 km long section as well as modernisation of several stations and stops
• Contract with a value equivalent to € 228 million, co-financed to a large extent by EU Cohesion Fund
• Construction time: 30 months  
  
  

15.08.2022

AVA Montajes and Hatch successfully complete Construction of World's Largest Tailings Thickener

Construction of the world’s largest thickener – which has a diameter of 124 m and steep floor slopes – has been completed jointly by AVA Montajes and Hatch Chile and took place throughout the period of social unrest and the pandemic, both issues requiring an increased effort from the team to achieve project success.  

Market-Place-4.0 Thyssenkrupp AG thyssenkrupp Mining Technologies Wealth Minerals

15.08.2022

thyssenkrupp Mining Technologies signs Strategic Partnership with Wealth Minerals on Ollagüe Salar Development

thyssenkrupp Mining Technologies has signed a cooperation agreement with Wealth Minerals for the development of their Ollagüe Salar lithium project. The joint long-term goal of this strategic partnership is to collaborate in the project along its development stages and subsequently bring it into production.

• Identification and selection of most favorable and environmentally sustainable processing technology for lithium extraction and purification treatment.
• The development of the Ollagüe Salar project to commercial scale production capacity of high-purity lithium products.
• Define new standards in green mining and full involvement of the local community in Chile

The first stage of the agreement entails a scoping study for the project utilizing the most favorable technology for lithium extraction and marketable lithium production. The development of the preliminary flowsheet and layouts, including brine testing and the set-up of an on-site pilot plant, will complete this first stage. All stages will adhere to the highest ESG standards and will be in full cooperation with local communities. The end goal of the agreement is to establish the project as a leading benchmark of green mining in lithium brine resource development. Wealth Minerals holds a lithium brine portfolio of more than 50,000 ha in the Salar de Atacama and Salar Ollagüe, 200 kilometers north of Atacama.

“We are proud to be the chosen cooperation partner for this project and to be trusted to support Wealth Minerals with their transition. Building on our historically strong mining and engineering experience we will set a new standard in green mining with this partnership”, says Jan Lüder, CEO of thyssenkrupp Mining Technologies.

This new ecological standard is underpinned by the studies taking into account the application of green technology and the adherence to highest ESG standards. The cooperation aspires to identify the most favorable extraction technology under the framework conditions of both the integration and support of local communities and a minimal environmental footprint. The latter achieved for example by using renewable energy sources and storages, preserving a maximum water amount as well as reducing emissions to zero.

Marcelo A. Awad, World Minerals’ Executive Director in Chile underlines these standards’ significance and the important role of thyssenkrupp Mining Technologies in achieving them: “Traditional production methods are no option for us in this project. Our aim is to live up to the highest ecological standards and to minimize the impact on the environment. thyssenkrupp Mining Technologies, with its wealth of experience and know-how, will help us achieve this.”

Henk van Alphen, CEO at Wealth Minerals Ltd., adds: “When choosing a cooperation partner, it was particularly important to us that it is an industry partner with a strong technical background and rich expertise in engineering. We are therefore all the happier to have gained such partner in thyssenkrupp Mining Technologies.”

About the Ollagüe Project

The Ollagüe Project consists of 8,000 hectares located in northern Chile, Region II, near the Chile-Bolivia border and approximately 200km due north from Atacama. On the project, Lithium Chile Inc. previously conducted a drilling campaign in 2018, which returned lithium grades up to 480 Li mg/l and earlier surface sampling work returned lithium grades as high as 1,140 Li mg/l. (see Wealth news release dated June 23, 2022). Wealth previously conducted a coincident loop Transient Electromagnetic survey on the Ollagüe Project, which identified very highly conductive features and are interpreted to represent porous media with high-salinity fluids (potentially lithium-bearing brines) at depth.

Source: thyssenkrupp

#partnerships #lithium #Chile (CL) #raw materials #renewables #battery metals #batteries #mine development #Thyssenkrupp AG #thyssenkrupp Mining Technologies #Wealth Minerals #Mining #Energy

                     

15.08.2022

Turquoise Hill Special Committee finds Rio Tinto’s Privatization Proposal does not Reflect full & fair Value of the Company

The Special Committee of independent directors of Turquoise Hill Resources Ltd. (TSX: TRQ) (NYSE: TRQ) ("Turquoise Hill" or the "Company") reports that it has advised Rio Tinto International Holdings Limited (“Rio Tinto”) that the Special Committee is terminating its review and consideration of Rio Tinto’s proposal to acquire all of the outstanding common shares of the Company it does not own for cash consideration of C$34 per share (the “Rio Tinto Proposal”).  

12.08.2022

SMT Scharf AG reports successful Business Performance in the first Half of 2022

SMT Scharf AG (German Securities Code (WKN) 575198, ISIN DE0005751986), a leading global provider of customized transport solutions and logistics systems for underground mining, has today published its results for the first half of 2022.