Archives: Steel and iron ore

BHP has signed a Share Sale and Purchase Agreement to divest its 80% interest in BHP Mitsui Coal (BMC), an operated metallurgical coal joint venture in Queensland, Australia, to Stanmore SMC Holdings Pty Ltd. Stanmore SMC, a wholly owned subsidiary of Stanmore Resources Limited, has agreed to acquire 100% of the shares in Dampier Coal[…]

Metso Outotec is investing in the development of its service capabilities in Australia with a new service centre in the iron-rich Pilbara region of Western Australia. The planned Pilbara service centre underlines Metso Outotec’s commitment to deliver high-level services to its mining and aggregates customers, with the facility delivering enhanced productivity and shorter lead time[…]

Mastermyne’s contract mining growth ambitions became very clear in September when it proposed a buyout of contractor PYBAR Mining Services in a deal valuing PYBAR equity at A$47 million ($35 million). The deal, which has just completed, sees Mastermyne, up until this point a company focused on the Australian coal sector, expand into the domestic[…]

Mondium says first ore has been achieved at Rio Tinto’s Western Turner Syncline Phase 2 project (WTS2) in Western Australia. Rio Tinto awarded Perth-based Mondium a A$400 million ($276 million) contract to design and construct the mine in early 2020. This saw the company, a joint venture involving Monadelphous and Lycopodium, undertake all engineering and[…]

Teck Resources and Oldendorff Carriers have announced an agreement to employ energy-efficient bulk carriers for shipments of Teck steelmaking coal from the Port of Vancouver to international destinations, reducing CO2 emissions in the steelmaking coal supply chain, Teck says. This initiative is expected to achieve a CO2 emissions reduction of 30-40% for shipments handled by[…]

Vale has signed a Memorandum of Understanding (MoU) with POSCO in which both agreed to pursue opportunities to develop ironmaking solutions focused on reducing CO2 emissions. Vale and POSCO intend to develop solutions for decarbonisation in ironmaking and are under discussion to find the most suitable pathways by using Vale’s wide range of product portfolio,[…]

ArcelorMittal Mining Canada is investing in a project using a new flotation system at its Port-Cartier pellet plant in Quebec, Canada, that will allow it to convert its 10 Mt/y pellet production to direct reduced iron (DRI) pellets by the end of 2025. The announcement was by ArcelorMittal and the Government of Quebec at COP26[…]

Green hydrogen first mover Fortescue Future Industries (FFI) has taken to the global stage at the crucial COP26 climate talks this week in Glasgow, UK with FFI Chairman Dr Andrew Forrest and FFI Chief Executive Officer Julie Shuttleworth meeting with world leaders, while Shuttleworth also spoke at the World Leaders Summit event attended by global[…]

Southern Cross Electrical Engineering says its SCEE Electrical business has been contracted to work on a 45 MW/12 MWh Battery Energy Storage for Spinning Reserve (BESSR) facility at the Hammersley Iron-owned Tom Price operations in the Pilbara of Western Australia. This contract, part of pacts amounting to around A$20 million ($14.9 million) the company has[…]

Rail-Veyor Technologies Global Inc (RVTG) has announced that PJSC Sukha Balka, a major Ukrainian mining company, has signed a contract to purchase the Railveyor® material handling system for their Frunze underground iron ore mine. The agreement was signed by Jim Fisk, Executive Chairman for Railveyor, and Vitaliy Bash, General Director for Sukha Balka. Also in attendance[…]