11.10.2022

Epiroc wins large equipment order for new iron ore mine in China

Epiroc, a leading productivity and sustainability partner for the mining and Infrastructure industries, has won a large order for underground mining equipment from Luannan Macheng Mining in China.  

10.10.2022

BE Group’s operating result for the third quarter 2022 is estimated to SEK 40 M

BE Group’s operating result for the third quarter 2022 has been negatively affected by the situation in the surrounding world.  

Market-Place-4.0 Outokumpu Oyj

07.10.2022

Outokumpu plans to continue to restrict its Ferrochrome Production

Outokumpu plans to continue to restrict its Ferrochrome Production

The price of electricity remains exceptionally high and the situation on the energy market has not eased since Outokumpu announced on September 6 its decision to delay the restart of one of its three ferrochrome furnaces after a maintenance break. In this exceptional situation, the company plans therefore to further delay the restart of this furnace at least until the end of the first quarter of 2023 and will start change negotiations related to the restriction of the ferrochrome production. These negotiations concern all of the employees working in the ferrochrome operations, and the planned measures would concern at most 70 people.  

“Unfortunately, the situation in the energy market has not eased, but the high price of electricity continues to have a negative impact on our cost competitiveness compared to our competitors, mainly from outside Europe. The possible further delay of the restarting of the furnace is a difficult but potentially necessary measure in an utterly exceptional situation. In the change negotiations, we will try to find a solution for us to be able to employ our ferrochrome personnel in the other Tornio operations,” says Martti Sassi, President, business area Ferrochrome.

Outokumpu started to optimize its ferrochrome production in August 2022 by not producing ferrochrome at the highest electricity prices. The capacity of the furnace that has been shut down is approximately 30% of the entire ferrochrome capacity. Continuing to restrict the ferrochrome production will not impact Outokumpu’s stainless-steel deliveries.

“Outokumpu’s ferrochrome has the smallest carbon footprint in the world. We hope that politicians will take an active role in stabilizing the energy market environment, so that we can continue to profitably produce ferrochrome,” continues Sassi.

Source: Outokumpu

#steel #steel industry #power supply #energy crisis #stainless steel #Outokumpu Oyj #Mining #Energy

                     

06.10.2022

Normet Canada secures an Order from BHP of a Fleet of underground Battery-Electric Utility Vehicles

Normet Canada has been awarded a contract from BHP to the Jansen Potash project, located in the province of Saskatchewan, Canada. The contract covers the delivery of a large fleet of multi-use Battery-electric vehicles (BEV).  

06.10.2022

VTT´s new Research Professor: The green Transition is not possible without better Utilisation of Mining Waste and Metals

For the green transition required by the energy crisis to be realised, better utilisation of side streams and waste from the mining and metallurgical industry is of paramount importance. VTT is now investing even more strongly in research in the field by establishing a new research professorship.