FLSmidth confirms final agreement to buy thyssenkrupp’s mining business for €325 million, closing H2 2022
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FLSmidth confirms final agreement to buy thyssenkrupp’s mining business for €325 million, closing H2 2022
July 29, 2021

FLSmidth and thyssenkrupp Industrial Solutions AG (a fully owned subsidiary of thyssenkrupp AG) have reached an agreement that FLSmidth will acquire thyssenkrupp’s Mining business (TK Mining) for a total consideration (enterprise value) of €325 million, corresponding to approximately DKK 2.4 billion. Closing of the transaction is expected in H2 2022 and is subject to customary[…]

FLSmidth in “final negotiations” with thyssenkrupp for buyout of mining business
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FLSmidth in “final negotiations” with thyssenkrupp for buyout of mining business
July 28, 2021

Things have been very quite since FLSmidth announced on January 15, 2021 that it was in negotiations with thyssenkrupp concerning an acquisition of thyssenkrupp’s mining business. But today a brief update, confirming talks were advancing: “FLSmidth today announces that it remains in negotiations with thyssenkrupp concerning an acquisition of thyssenkrupp’s mining business. Since FLSmidth’s announcement[…]

Rio Tinto commits $2.4 billion to develop Jadar lithium-boron underground mine & process plant in Serbia
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Rio Tinto commits $2.4 billion to develop Jadar lithium-boron underground mine & process plant in Serbia
July 27, 2021

Rio Tinto has committed $2.4 billion to the Jadar lithium-borates project in Serbia, one of the world’s largest greenfield lithium mining and processing projects. The project remains subject to receiving all relevant approvals, permits and licences and ongoing engagement with local communities, the Government of Serbia and civil society. The Jadar project would scale up[…]

Chemours to deploy Mineral Technologies’ Mobile Mining Units at new Trail Ridge South mineral sands mine
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Chemours to deploy Mineral Technologies’ Mobile Mining Units at new Trail Ridge South mineral sands mine
July 13, 2021

The Chemours Company, a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions, recently held a groundbreaking ceremony for a new $93 million titanium and zircon mineral sands mining facility on land leased from Camp Blanding in Clay County, Florida. The new mine is[…]

India’s HCL Technologies signs five year digitalisation deal with phosphate and potash miner Mosaic
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India’s HCL Technologies signs five year digitalisation deal with phosphate and potash miner Mosaic
July 9, 2021

Noida, India-based HCL Technologies (HCL), a leading global technology company, has announced a five-year, global agreement to provide digital transformation and managed services to The Mosaic Company, a Fortune 500 company and major miner of phosphate and potash. As part of the agreement, HCL will “manage and transform Mosaic’s global application and infrastructure environments to[…]