The board of directors of Petropavlovsk PLC announces the appointment of Mr. Mikhail Irzhevsky as an independent non-executive director with effect from 16 April 2021. 

The UK must act now to ensure a stable supply of technology-critical metals (TCMs) essential for its transition to clean energy and the delivery of its ten point plan for a green industrial revolution, according to a new Policy Commission report produced by the University of Birmingham.

Deshnee Naidoo is the new Director of Finance and Business Development for the Base Metals business.

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.

Metso Outotec has completed the reorganization of its Metals business as part of the turnaround program announced in Q4/2020. As a result, the segment’s operational model has been adjusted to better meet customer needs, as well as the scale and nature of the business today.

The Mineral Resources and Mineral Reserves situation in Aitik, Garpenberg and Kevitsa is stable. During the year, exploration continued to be successful at the Tara Deep mineralization and Mineral Resources in the Boliden Area increased as a result of exploration at the Rävliden deposit.

Wachsende Zahl an Anbietern und Abnehmern setzt auf junge Plattformen um Marktschwankungen abzufangen

Die metallverarbeitende Industrie sowie die Stahlhersteller in Deutschland vermelden zunehmend Lieferschwierigkeiten und steigende Kosten durch teilweise stark anziehende Rohstoffpreise. Laut einer aktuellen Umfrage des IBU (Industrieverbande Blechumformung) gibt es mittlerweile Beschaffungsprobleme bei rund 90% der Zulieferer.

Metso Outotec is ranked 8^th on the Corporate Knights 2021 Global 100 Index of most sustainable companies in the world, and places as a top-ranking company among its peers. The results were announced virtually today.

Nornickel, the world's largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces that it isjoining the Responsible Sourcing Blockchain Network (RSBN), an industry collaboration among members across the minerals supply chain using blockchain technology to support responsible sourcing and production practices from mine to market.

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.

Metso Outotec has signed an agreement to sell its Aluminium business to REEL International, headquartered in France. The business was announced to be for sale a year ago and has been since reported under discontinued operations. 

MMC Norilsk Nickel, headed by Vladimir Potanin, is pursuing its ambitious programme aimed at the modernization and automation of production facilities. As part of that plan, the Company’s Polar Division has received a new batch of equipment to improve the efficiency of operations, and autonomous vehicle devices have reached the second stage of testing at the Severny mine at Kola MMC. 

Under the equipment renovation programme, the enterprises of the Polar Division received 25 units of mobile equipment for various purposes in 2020. The total value of the equipment delivered amounts to around $8mln (RUR 600mln). One of the main points of the programme was the purchase of new equipment for the local motor transport association.

Boliden and Luleå University of Technology are today entering in to a long-term strategic collaboration agreement. The new agreement means that collaboration will be enhanced in terms of competence provision and competence development, as well as research and innovation towards leading positions within automation and resource utilization.

Pekka Vauramo will continue as the President and CEO of Metso Outotec until the end of 2023. “This is a unique opportunity to lead the integration of the two great companies into Metso Outotec and to develop Metso Outotec to become an industry leader. We are in the beginning of our integration journey and Metso Outotec has a lot of potential to increase the effectiveness of its operations and to serve its customers even better and in a more sustainable way,” says Pekka Vauramo. 

Epiroc has won a significant order from Norilsk Nickel for underground mining equipment that will strengthen safety while ensuring a highly efficient mine development.

Norilsk Nickel is one of the world’s largest producers of nickel, palladium, platinum and copper and has a high focus on automation and new technologies. The mining company has ordered Epiroc’s Boltec M and Cabletec M rigs for use in the Oktyabrskiy, Mayak and Komsomolskiy mines in Russia to reinforce the underground rock in the safest and most productive manner.

• Geomega adds technical and operations management experience
• Geomega nominates Nicholas Nickoletopoulos to its Board of Directors Montreal, September 16, 2020

The board of directors of Petropavlovsk PLC announces the appointment of Mr. Malay Mukherjee as a new independent non-executive director with immediate effect.

Turquoise Hill Resources Ltd. today announced its financial results for the period ended June 30, 2020.

“Faced with the challenges of operating within the constraints posed by the COVID-19 pandemic, the Oyu Tolgoi team posted outstanding safety and production performance in the second quarter of 2020. The open pit operations have continued uninterrupted, and the underground development, while experiencing restrictions on workforce numbers and the ability to repatriate specialists from around the world, has continued to progress. The team’s focus on optimization initiatives has resulted in, among other things, an increase to our 2020 gold production guidance.

Maciej Gwozdz, President, business area Europe has decided to resign from Outokumpu to take a new position in another company. He will continue to work in Outokumpu in his current position until the end of September. His successor will be appointed in due course.

Revenues for the second quarter were SEK 13,391 m (12,747), with an operating profit, excluding revaluation of process inventory, of SEK 1,634 m (1,631). Free cash flow amounted to SEK 1,174 m (789).