Revenues for the first quarter totaled SEK 19,962 m (21,812) and operating profit excluding revaluation of process inventory was SEK 3,020 m (4,466). Free cash flow totaled SEK -46 m (674).
“We have fundamentally high stability in all of our units. However, during the quarter several factors affected us, leading to production challenges, especially in our mines. At the same time, it’s pleasing that our major investment projects are proceeding according to plan,” says Mikael Staffas, President and CEO.
Metso Outotec has not taken new orders from Russia since Russia’s attack on Ukraine in February 2022. To speed up discontinuation of contracts made before the war, the company started negotiating with its non-sanctioned customers to wind down open contracts.
Hexagon’s Mining division has received the EcoVadis Gold Sustainability Rating, putting the global leader in mining technology for planning, operations, and safety in the top third percentile of those assessed. The Sustainability Scorecard that EcoVadis uses recognizes performance across 21 indicators in four themes: environment, labor and human rights, ethics, and sustainable procurement. The Mining division was assessed under the “manufacturers of computers and peripheral equipment” category, scoring well above industry standards across all areas.
The Pula Group
The Pula Group – President and Chairman attended South Africa Mining Convention
The Pula Group – President and Chairman attended South Africa Mining Convention (Credits: The Pula Group)
Leading industry companies and a broad array of industry leaders made their way to the African continent's largest mining convention in February. The Mining Indaba, as it's called, is an annual Mining Conference held in Cape Town, South Africa that attracts brokers and lenders, explorers and miners, politicians and policy makers from throughout the world to get the latest updates on mineral exploration and mining in Africa. While Pula is the only American exploration company operating in Tanzania, the American presence at this year's Indaba was impressive by any measure.
Among those attending was the Under Secretary of State Jose Fernandez, who heads the Minerals Security Partnership. Pula President Dr. Mary-Mildred Stith, offered this observation of this year's confab—"Pula has been anticipating the global shift to lithium-ion batteries. It is upon us and it is here to stay. Natural graphite is a critical mineral and the battery supply chain is on everyone’s radar screen. Pula is well-positioned to lead, in terms of profits and ethics, the African battery minerals space. If the Indaba is any indicator, the Biden Administration seems serious about "upping its game" on the continent."
Source: The Pula Group
Epiroc becomes the first company in the mining industry to sign a delivery agreement with Swedish steelmaker SSAB for SSAB Zero™ – a fossil carbon emission-free recycled steel produced using fossil-free energy sources. The steel will be used in Epiroc’s battery-electric range of underground mine trucks and loaders, set to be introduced as soon as Q3 2023.
Increased recycling of critical metals such as tungsten can make raw material supplies more secure and sustainable worldwide. To achieve this, closed value cycles should be established. Achieving th...
Dams and reservoirs are suffering from increasing siltation as a result of sediment deposition. This poses a threat to drinking water supplies, flood defences and flora and fauna in the downstream reaches and also compromises hydroelectric power generation systems. An efficient and sustainable sediment management regime is therefore urgently needed....
Innovative fully hydraulic Formwork Carriage with Caterpillar Drive for the Approach Tunnel to the A26 Danube Bridge in Linz in Austria
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