Archives: Steel and iron ore

Epiroc says it has won a large order for a variety of underground mining equipment including Boomer face drilling rigs, Boltec rock reinforcement rigs and a Simba production drilling rig from LKAB in Sweden. LKAB, Europe’s largest iron ore producer, is set to use the rigs at its Malmberget and Kiruna underground iron ore mines[…]

Vale says it has signed a Memorandum of Understanding (MoU) with Jiangsu Shagang Group Co Ltd in which both agree to pursue opportunities to develop steelmaking solutions focused on reducing CO2 emissions. Vale and Jiangsu Shagang intend to develop economic feasibility studies of (i) usage of products with a lower carbon footprint in ironmaking process,[…]

The unique challenges the mining industry will face over its 30-year journey to decarbonisation are still being unpacked as it decides how to use enabling technologies and solutions, according to Nicholas Russell, Senior Mechanical & Mining Engineer at Worley. “The journey to net-zero requires flexibility,” he said. “And we need to incorporate that flexibility from[…]

On October 15, China’s Zijin Mining released its Q3 2021 report, which detailed a net profit of CNY11.3 billion for the first nine months of the year, the first time it has broken through the CNY10 billion mark. This equates to some $1.76 billion, meaning it is rapidly positioning itself among the global Tier 1[…]

BHP and South Korea’s POSCO have announced a Memorandum of Understanding (MoU) to jointly explore greenhouse gas emissions reduction technologies in integrated steelmaking. As part of the MoU, the parties intend to undertake pilot and plant trials to lower carbon in the steelmaking process, including optimising coke quality and assessing carbon capture storage and utilisation[…]

Rio Tinto says it is progressing an innovative new technology to deliver low-carbon steel, using sustainable biomass in place of coking coal in the steelmaking process, in a potentially cost-effective option to cut industry carbon emissions. Over the past decade, Rio Tinto has developed a laboratory-proven process that combines the use of raw, sustainable biomass[…]

With sustainability close to the number one topic shaping the business landscape, the mining industry faces perhaps more scrutiny today than ever before. From stakeholder engagement to employee welfare and the emissions generated from using mined commodities, there is a spectrum of issues on which mining companies are judged. Not just by traditional critics such[…]

Volvo Group has revealed what it says is the world’s first vehicle made of fossil-free steel from SSAB, plus announced that more vehicles will follow in 2022 in what will be a series of concept vehicles and components using the material. The machine, the latest concept unit produced of its TA15 battery electric, cabless and[…]

Magnetite Mines Ltd says it has appointed Hatch to complete the process plant section of the Definitive Feasibility Study (DFS) on its Razorback iron ore project in South Australia. This, Magnetite Mines says, is an important contract award for the company and represents the largest component of the DFS expenditure and completes the appointment of[…]

Iron ore pellet producer Ferrexpo has announced inaugural decarbonisation targets that includes a commitment to achieve net zero carbon emissions from its operations by 2050. In addition, the group has undertaken an initial commitment to achieve a minimum of a 30% reduction in combined Scope 1 and 2 emissions by 2030, against the group’s baseline[…]