SSAB, LKAB and Vattenfall have now produced the world’s first hydrogen-reduced sponge iron at a pilot scale. The technological breakthrough in the Hybrit initiative captures around 90% of emissions in conjunction with steelmaking and is a decisive step on the road to fossil-free steel.
Nordic Iron Ore AB and Epiroc Sweden have signed a letter of intent (MoU) regarding cooperation to develop the mining project in Blötberget.
Voith Hydro, a leading global supplier of hydropower and pumped storage equipment, and Swedish company Mine Storage, a specialist in the field of underground pumped storage concepts, announce a development partnership to become the forerunners in a new market for underground pumped storage – offering so-called mine storages.
Metso Outotec has signed a distribution contract with Mining and Construction Equipment Sweden AB and Värnamo Krosskonsult AB. The two companies will sell in cooperation Metso Outotec’s mobile and stationary crushing and screening equipment as well as crusher wear parts for the mining and aggregate customers in Southern and Central Sweden. They will also provide service support such as start-ups and repairs in the regions. The contract has come into effect in April 2021.
Endomines announces that Interim CEO Rauno Pitkänen has informed the Board of the Company that he will be retiring and resigning his position as of May 31, 2021. Deputy CEO Marcus Ahlström will take on the interim CEO position for now until the question of permanent CEO has been resolved.
SSAB has completed a framework that will provide an opportunity to issue sustainability-linked bonds. The framework complies with Sustainability-Linked Bond Principles and will strengthen SSAB’s position on the capital markets.
Håkan Folin, Executive Vice President and CFO at SSAB, has decided to leave SSAB to take up the position of Executive Vice President and CFO at Epiroc.
LKAB, Minalyze AB and Sentian join forces in a consortium to develop the technology for scanning drill cores. With artificial intelligence, large amounts of data can be processed - and even help geologists draw conclusions about what is outside the boreholes.
Jörgen Ekelöw, Epiroc’s Senior Vice President General Counsel and member of Group Management, has decided to retire at the end of April 2022.
Stockholm Region and Implenia have signed a contract for construction of the new “Sofia” metro station and associated tunnels in Stockholm | The order is worth SEK 1 billion (approximately CHF 110 million)
Boliden has decided to invest SEK 1,250 m in expanding the Kristineberg mine towards the Rävliden mineralization. Most of the investment is conditional on a permit being received for an increase in production. The expansion is expected to contribute to an increase in milled volumes in the Boliden Area to 1.8 Mt.
“This is a very important step in future-proofing the entire Boliden Area. The expansion and modernization of the mine will take place in several stages, during which we will, of course, also evaluate opportunities for employing fossil-free technology. In parallel, we will continue with exploration efforts in the area,” says Stefan Romedahl, President of Business Area Mines.
Boliden has submitted an application for expanded production at the Kristineberg mine to the Swedish Land and Environment Court. At the same time, it has been decided to make preparatory investments in, among other things, infrastructure and water treatment. Conditional on the application being approved, Boliden will complete the investment, which includes a new ramp and a new crushing station. The investment amounts to SEK 1,250 m and production is expected to start in 2023. A completed expansion will mean, in addition to increased mine production, that the life of the Kristineberg mine will be extended and that capacity utilization in the Boliden Area’s concentrator will be improved.
Completed exploration of the Rävliden mineralization has resulted in 8.4 Mt of inferred and indicated mineral resources, with the possibility of additional reserves. The deposit contains copper, zinc, lead, silver and gold.
Source: Boliden
Volvo Group and SSAB have signed a collaboration agreement on research, development, serial production and commercialization of the world’s first vehicles to be made of fossil-free steel. Volvo plans already this year to start the production of concept vehicles and components from steel made by SSAB using hydrogen.
SSAB, LKAB and Vattenfall have commenced building a rock cavern storage facility for fossil-free hydrogen gas on a pilot scale next to HYBRIT’s pilot facility for direct reduction in Luleå, North of Sweden. This is an important step in the development of a fossil-free value chain for fossil-free steel. The investment cost of just over SEK 250 million (about 24 M €) is divided equally across the holding companies and the Swedish Energy Agency, which provides support via Industriklivet.
Production capacity in Aitik and Tara is now fully restored after previously announced disruptions due to covid-19 and breakdowns. Impact on operating profit in Business Area Mines is estimated to amount to SEK -300 million in Q1, compared with SEK -200 million that was previously communicated.
As a result of increased sick leave related to covid-19 together with production disruptions in both the Aitik mine in Sweden and the Tara mine in Ireland, operating profit in the Business Area Mines is estimated to be negatively affected by close to SEK 200 m during the first quarter.
After having dramatically ramped up exploration activities in all three mining locations since 2018, LKAB can now present the result: an increase in mineral resources during 2020 by 45 percent, from 1.2 to 1.7 billion tonnes.
Sika has further expanded additive production for shotcrete at Spånga, near Stockholm in Sweden, and upscaled to the latest-generation technology.
The Land and Environment Court has decided to grant SSAB Oxelösund an environmental permit to convert its steelmaking operations and reduce carbon dioxide activities by 2025. This also means that we will take a step nearer towards fossil-free steel production across SSAB in 2045.
Memorandum of Understanding (MoU) agreement signed by both companies with plans underway for production facility and integrated graphite mine in Sweden
Metso Outotec and Boliden have signed an extension of their service contract for Boliden’s Aitik copper mine in Gällivare, Northern Sweden.