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.
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).
Boliden Harjavalta has chosen Metso Outotec’s SMD grinding mills to improve the capacity of its slag concentrator.
Nordic Mining has submitted an application to the Environment Agency for substitution of chemicals used in the ore processing for the Engebø rutile and garnet project. The planned consumption is a 99% reduction compared with the granted chemicals in the environmental permit of 2015.
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.
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.
Anglo American plc notes the announcement by Anglo American Platinum Limited released to the Johannesburg stock exchange. The text of the announcement is copied below:
Anglo American Platinum has safely and successfully completed the repair of the Anglo Converter Plant (ACP) Phase B unit. The ACP and full downstream processing operations are completing a safe ramp-up and expect to be fully operational from 12 May 2020. Force majeure to suppliers of concentrate will be lifted on that date.
McCarthy Tetrault has dominated the mergers and acquisitions (M&A) legal advisers league table, by leading data and analytics company GlobalData, based on deal value in Q1 2020, having advised on two deals worth US$748.4m.
Canada’s metals & mining industry saw a rise of 19.4% in overall deal activity during February 2020, when compared with the last 12-month average, according to GlobalData’s deals database.
Canada’s metals & mining industry saw a drop of 44.7% in overall deal activity during December 2019, when compared with the last 12-month average, according to GlobalData’s deals database.