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FLSmidth to acquire Thyssenkrupp’s Mining Business – creating a global Industry Leader in Mining Technology

FLSmidth and Thyssenkrupp Industrial Solutions AG (a fully owned subsidiary of Thyssenkrupp AG) have reached an agreement that FLSmidth will acquire Thyssenkrupp’s Mining business1 (TK Mining) for a total consideration (enterprise value) of EUR 325 million, corresponding to approximately DKK 2.4 billion. Closing of the transaction is expected in H2 2022 and is subject to customary approvals from relevant authorities.

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Lundin Mining Announces Agreement to sell remaining Specialty Cobalt Business

Lundin Mining Corporation announced that its 24% owned subsidiary, Koboltti Chemicals Holding Limited, has entered into an agreement to sell its specialty cobalt business based in Kokkola, Finland to Jervois Mining Limited.  This business was no longer strategic to Lundin Mining following the sale of its interests in Tenke Fungurume in 2016 and the cobalt refinery in Kokkola in 2019.

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Using Data from 150 Years of Coal Mining for the Tasks of the Future

Artificial intelligence quickly finds the right data and optimises search results in the process.

Search engines like Google and others show the way: Enter keywords or a short question and the result you are looking for is there. The "KISS42" project promises the answer to all operational questions for RAG. In cooperation with an interdisciplinary RAG team, the start-up ambeRoad from Aachen developed the intelligent search engine amberSearch - designed for the specific data and requirements of the company. It not only helps to make research in RAG's documents efficient for employees, but above all to make the archived knowledge from 150 years of coal mining usable for current operational tasks. ambeRoad was founded by Bastian Maiworm, Philipp Reißel, Julian Johannes Reinauer and Igli Manaj.

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Final Decision on Engebø Operating License expected after Summer

In November 2020, the Directorate of Mining confirmed that the appeals received in relation to the operating license for the Engebø Rutile and Garnet project did not provide any basis to revoke or change the decision, and informed that the matter had been forwarded to the Ministry of Trade, Industry and Fisheries for final decision on the appeals.

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Metso Outotec and Hispano Japonesa de Maquinaria to expand Partnership in Spain

Metso Outotec and Hispano Japonesa de Maquinaria S.L. (HJM) have agreed on an expansion of their distribution contract in Spain. In addition to mobile equipment, with the new scope the cooperation also covers Metso Outotec’s stationary crushing and vibrating equipment, crusher wear parts and spare parts, as well as service contracts, commissioning, and technical support. The contract comes into effect in July 2021.

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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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