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Outokumpu – Change in Outokumpu’s Leadership Team

Outokumpu – Change in Outokumpu’s Leadership Team

Reeta Kaukiainen, Executive Vice President, Communications, Marketing and Investor Relations has decided to pursue her career outside Outokumpu. She will continue in her current role until the end of September. With this change, Outokumpu’s communications, marketing and IR will continue as separate functions within the Outokumpu organization.

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HYBRIT: SSAB, LKAB and Vattenfall to start up the world’s first pilot plant for fossil-free steel

Today, SSAB, LKAB and Vattenfall are taking a decisive step toward fossil-free steelmaking with the start-up of HYBRIT’s globally unique pilot plant for the production of fossil-free sponge iron. Swedish Prime Minister Stefan Löfven started up the plant together with Isabella Lövin, Minister for Environment and Climate and Deputy Prime Minister, Martin Lindqvist, President and CEO of SSAB, Jan Moström, President and CEO of LKAB and Magnus Hall, President and CEO of Vattenfall. SSAB, LKAB and Vattenfall aim to create a complete value chain for fossil-free steel.

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Outokumpu: Management changes

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.

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Outotec launches new open-ended Discharge Grinding Mill Solution for high-throughput Circuits

 

With ore grades declining and cost pressures rising, high-throughput circuits based on very large grinding mills are becoming an increasingly attractive option in mineral concentration applications. The Outotec® Open Ended Discharge Grinding Mill (OED Mill) enables innovative and efficient high-capacity circuit designs through the removal of pulp lifters from the discharge arrangement, facilitating reductions in both CAPEX and OPEX.

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Outokumpu - Board Changes

Outokumpu Oyj’s Board of Directors has at its first meeting appointed two permanent committees, Audit Committee and Remuneration Committee, and decided on their composition.

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Critical Metals can be profitably recovered from low-grade Ores and Waste

Critical and economically significant metals, such as cobalt and nickel, can be recovered profitably from metal refining wastes as well as ores with lower than usual concentrations. This was demonstrated by an EU project coordinated by VTT, which developed new and combined existing recovery methods. Various stakeholders interested in using low-grade ores and waste can evaluate the valorization of raw-material streams with the webtool developed in the project.

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Keliber decides to increase Production Capacity and relocate the Future Concentration Plant

Keliber announced that through a review of its production plans, the company will be able to increase its annual lithium hydroxide production from 12,500 tonnes to 15,000 tonnes in its future mine and lithium concentration plant. In addition, the company has chosen to locate the future concentration plant to the Päiväneva area, which is located in the mining area approximately 10 km northeast from the nearest municipality, Kaustinen in Finland.

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Endomines AB raises EUR 3.4 million Loan Facility

Endomines AB has placed EUR 3.4m loan with warrants to primarily Finnish institutional investors, including the Chairman of the Board of Endomines and the company’s CEO.

A loan facility amounting to EUR 3.4m have been placed with Finnish institutional investors. Among the investors are the Chairman of the Board and the CEO. The proceeds from the Loan will mainly be used for working capital need for the company and financing general corporate purposes of the Endomines group.

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SSAB: Actions taken due to the Covid-19 Situation

SSAB implements several short-term actions across the business to mitigate the effects of Covid-19 and the total annualized savings are estimated to exceed SEK 1 billion.

SSAB's annual general meeting (AGM) was held today, April 1, 2020, in Stockholm. The AGM resolved that no dividend will be paid for the financial year 2019.

During the first three months of the year the business has largely proceeded according to expectations. SSAB´s focus during the first quarter has been to reduce risks of spreading the Covid-19 virus, including measures to protect the health and safety of our personnel and at the same time sustaining operations.

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Appointment of new CEO of Endomines AB

Endomines announces that it has appointed Greg Smith as Chief Executive Officer of the company. Greg has, on a consultancy basis, been leading Endomines’ operations in the US and Finland since June 5th 2019, when Endomines communicated that it was evaluating the appointment of Greg as CEO of Endomines. Greg Smith will assume the position of CEO as soon as he has been granted a Swedish work permit (Sw. ICT-tillstånd), which is expected to be granted in February 2020, by the latest.

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Normet making History by doing Underground Explosives charging on Batteries

Normet made history by demonstrating battery electric emulsion charging in production environment underground on June 4th in Pyhäsalmi mine, Finland, with their Charmec MC 605 VE SD, for the first time in Europe. Battery-based charging makes the explosives charging process safer and more efficient, as there is no need to plug in to the mine’s electric grid.

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