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QRC welcomes federal Investment in new steelmaking Coal Project near Moranbah

The Queensland Resources Council (QRC) has welcomed the Northern Australia Infrastructure Facility’s (NAIF) decision to invest in a new metallurgical coal mine near Moranbah in Central Queensland. The Pembroke Resources-owned Olive Downs Steelmaking Coal Complex (Olive Downs) in the Bowen Basin will receive a $175 million NAIF loan to kickstart construction of a ‘21st century mine built to 21st century standards’.

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Investment in Expansion of Boliden Kristineberg in Sweden

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

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BHP Apprenticeship Pledge and METS Business Support Package

BHP CEO Mike Henry announced BHP’s commitment to training and funding for 3,500 new Australian apprenticeship and training positions, and driving up to $450 million into (Australian dollars) supporting business opportunities in Australia’s mining, equipment, technology and services (METS) sector.

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Webuild: Work starts on Section of Verona-Padua High-Speed/High-Capacity Railway in Italy

 

The IRICAV 2 consortium led by the Webuild Group has signed a contract worth a total of about €2.5 billion to start work on the first section of a high-speed/high-capacity railway being developed between Verona and Padua and commissioned by Rete Ferroviaria Italiana (RFI) (Gruppo FS Italiane). The signing comes as the Group forges ahead with Progetto Italia, a strategy to consolidate and strengthen Italy’s infrastructure sector. The Group owns 83% of the consortium (Webuild 45.44%, Astaldi 37.49%) and Hitachi Rail STS.

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Cimic in exklusiven Verhandlungen mit Equity-Partner für Thiess

Die Cimic-Gruppe, an der Hochtief einen Anteil von 77,1 % hält, hat bekanntgegeben, dass sie eine Exklusivitätsvereinbarung abgeschlossen hat und in fortgeschrittenen Verhandlungen mit Investmentfonds unter Führung von Elliott Advisors (UK) Limited (zusammen Elliott) steht. Die Vereinbarung zielt auf eine mögliche Beteiligung von Elliott von 50 Prozent am Grundkapital von Cimic‘s Tochtergesellschaft Thiess, dem weltweit größten Bergbaudienstleister, ab. Dies würde die gemeinsame Kontrolle von Thiess durch Cimic und Elliott zur Folge haben.

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Flender to expand in Western Australia with a new purpose-built Facility

Flender, a leading global supplier of mechanical drives and a subsidiary of technology giant Siemens has announced plans for a expansion into Western Australia with a new state-of-the-art facility in Tonkin Highway Industrial Estate in Bayswater. The move comes as Flender continues to grow in the region and looks to expand its operations in Western Australia to meet increasing customer demand, especially in wind energy and mining sectors.

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Anglo American secures Future of Woodsmith Polyhalite Project in UK

On 20 January 2020, the boards of Sirius Minerals Plc (Sirius), Anglo American plc (Anglo American) and Anglo American Projects UK Limited (Bidco) announced that they had reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Sirius by Bidco (the Acquisition), to be implemented by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act (the Scheme).

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Metso celebrates First Pour for new Vadodara Foundry in India

 

Metso announced in 2018 a greenfield foundry project in Vadodara, India, with a target to increase the casting wears capacity for the mining and aggregate industries. The First Pour event was celebrated in India today, and the foundry will start production for customer deliveries for local and global markets in February.

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