Commodities
thyssenkrupp sells mining business to FLSmidth
(Posted on 29/07/21)thyssenkrupp has announced the sale of its Mining Technologies business unit to the Danish company FLSmidth, thus reaching a further important milestone in the initiated realignment of the group. The enterprise value is EUR 325 million. The transaction is subject to competition authority approval. The closing of the transaction...
Rio Tinto progresses studies for underground mining at Kennecott
(Posted on 26/07/21)Rio Tinto has approved a $108 million investment in underground development to enable early orebody access and undertake orebody characterisation studies for underground mining at the Kennecott copper operations in the United States.The investment builds on $25 million approved in early-2020 to complete a pre-feasibility study to...
En+ Group sustainability report sets new targets
(Posted on 20/07/21)En+ Group, the world’s largest producer of low carbon aluminium, has published its 2020 Sustainability Report. The report details achievements over the 12 months to 31 December 2020, tracks progress of ongoing initiatives and programmes, and sets out significant short-term sustainability targets and long-term ambitions.In...
Rusal to supply Rheinfelden with low carbon aluminium
(Posted on 15/07/21)Rusal, a leading global aluminium producer, has announced that it will supply its plant Aluminium Rheinfelden with its industry leading bespoke low carbon aluminium, ALLOW, delivering a significant boost to the sustainability credentials of one of Germany’s leading manufacturers of aluminium alloys, semis and carbon-based...
Largest Korean steel producer and Rio Tinto sign climate MOU
(Posted on 11/07/21)Rio Tinto and POSCO, the largest steel producer in South Korea and one of the world’s leading steel producers, have signed a Memorandum of Understanding (MoU) to jointly explore, develop and demonstrate technologies to transition to a low-carbon emission steel value chain.The partnership will explore a range of technologies...
BHP announces divestment of Cerrejón interest
(Posted on 05/07/21)BHP has announced that it has signed a Sale and Purchase Agreement with Glencore to divest its 33.3 per cent interest in Cerrejón, a non-operated energy coal joint venture in Colombia, for US$294 million cash consideration.The transaction has an effective economic date of 31 December 2020. The purchase price is subject to...
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