03.01.2023

Tideway Eastern section team gain industry recognition winning three prestigious awards

As the winter awards season came to an end, the Tideway Eastern section team had plenty to celebrate having been awarded three industry accolades.  

03.01.2023

Femern A-S and Elecnor sign contracts for green energy for the Fehmarnbelt link

A key milestone was reached on 22 December 2022 when Femern A/S and Elecnor signed contracts to establish a transformer station in Rødbyhavn.  

30.12.2022

Webuild and CSC: "Lilia" TBM ready for mechanical excavation in the Brenner Base Tunnel

The TBM named "Lilia" is ready to start mechanically excavating one of the longest sections of the main tunnels of the Brenner Base Tunnel on Austrian territory, after having successfully completed the Factory Acceptance Test, the final customary test, at the Herrenknecht workshops at Schwanau, in Germany.  

Market-Place-4.0 Grängesberg Exploration Holding AB

30.12.2022

Grangex presents positive results for the Dannemora mine Feasibility Study

Grängesberg Exploration Holding AB – Grangex – presents the results of a Feasibility study (the Study or FS) for the recommencement of mining at their Dannemora Iron Mine, with a carbon free focus. The Study establishes, among more, that Dannemora can be a producer of high-grade iron ore concentrate with a very low carbon footprint, having strong pre-requirements to become a preferred supplier for green steel producers. The Study was prepared and signed by SLR Consulting Limited.

Key data in the Feasability Study:

• Net present Value (NPV) @ 8% pre-tax: 274 MUSD
• Internal rate of return (IRR) pre-tax: 31 %  
• Life of mine (LOM): 11 years
• Mine production, fully electrical: 3.0 Mt/year
• Production 68% ore concentrate annual: 1.01 Mt/year     
• OPEX 68% Fe FOB/tonne: 54.7 USD/t      
• Pre production CAPEX: 178.3 MUSD
• Sustainable CAPEX: 17.3 MUSD
• Total LOM CAPEX: 195.6 MUSD

"The positive results delivered in the feasibility study today, despite current inflationary times, shows that a world class product can be feasibly produced with a minimal carbon footprint at Dannemora for a longer period compared to what was presented in the pre-feasibility study. Thus, another important milestone for the reopening of the Dannemora mine has been reached. The preferred port for export has been changed to Oxelösund as this enables us to reach customers also in the MENA area efficiently. Now, we enter the pre-construction phase, with focus on initiating construction this time next year, subject to securing the necessary Environmental Permit and construction finance. A truly remarkable development in a noticeably brief time. This has only been made possible through the great and skilled project team we have at Grangex.

In operation Dannemora will be the producer of high-grade iron ore concentrate with one of the lowest carbon footprint in the industry. High grade iron ore is a product necessary for fossil free iron making and green steel production. The journey continues at high speed towards the start of production in mid-2025.

During the study period, systematic relogging of existing drill core at Dannemora has been successful and contributed to extending the life of mine to 11 years. This work continues and I expect that we will see further extensions prior to the start of production,” says Christer Lindqvist, CEO of the Grangex group.

Source: Grangex

#SLR Consulting Limited #iron ore #carbon footprint #steel #Sweden (SE) #environment #construction #funding #fossil-free #strategy #Grängesberg Exploration Holding AB #Mining #exploration services #pre-feasibility and feasibility planning

                     

29.12.2022

HS2 CEO Mark Thurston hails 2022 as “a year of immense progress”

• Project boss celebrates the past twelve months of work on the UK’s new high speed rail line as it nears peak construction
• Mark Thurston “From the depositing of the Bill to take HS2 to Manchester, the first breakthrough and then complete end-to-end of an HS2 tunnel, and fantastic progress at all four phase one station sites; 2022 has been a year of immense progress on Britain’s landmark infrastructure project”