Tag Archives: copper

Sandvik Secures SEK 170 Million Order for Electric Drill Rigs in Mongolia’s Tsagaan Suvarga Project

(IN BRIEF) Sandvik has clinched a significant order worth around SEK 170 million from Mongolyn Alt MAK LLC to supply five cable-electric DR410iE drill rigs for deployment at the Tsagaan Suvarga Project in Mongolia. Scheduled for delivery between the second … Read the full press release

London Metal Exchange Plans to Add Jeddah as New Delivery Point for Copper and Zinc

(IN BRIEF) The London Metal Exchange (LME) has announced its intention to include Jeddah as a new delivery point for copper and zinc, pending a brief consultation on a technical modification to the LME’s warehouse location framework. LME CEO Matthew … Read the full press release

Teck Resources to Exit Elk Valley in Landmark $6.93 Billion Deal with Glencore, Reshaping Canadian Mining

(IN BRIEF) Glencore is set to purchase a 77% effective interest in Teck Resources Limited’s steelmaking coal business, Elk Valley Resources (EVR), for $6.93 billion in cash. The deal includes NSC’s and POSCO’s interests in EVR. Upon completion, EVR will … Read the full press release

Metso Secures EUR 13 Million Orders for Anode Casting Shops from Copper Producers in Japan and China

(IN BRIEF) Metso has announced that it has received orders for three Outotec Anode Casting Shops from significant copper producers in Japan and China, with a total order value of EUR 13 million. These orders further strengthen Metso’s position as … Read the full press release

Vattenfall joins the new Cement and Concrete sector launched by the First Movers Coalition

(PRESS RELEASE) STOCKHOLM, 8-Nov-2022 — /EuropaWire/ — Vattenfall, a Swedish Government-owned multinational power company, has announced a new commitment in connection to COP27 where the First Movers Coalition today launched a new sector – Cement and Concrete. The company will … Read the full press release

Boliden adds zinc to its product portfolio of metals with low climate impact

(PRESS RELEASE) STOCKHOLM, 7-Feb-2022 — /EuropaWire/ — Boliden AB (STO: BOL), a Swedish multinational active in exploring, extracting and processing base metals and precious metals, has announced the company has begun the sale of zinc with a low climate footprint, … Read the full press release

New study led by researchers from the University of Leicester sheds light on the planetary cycle of metals and how this could be vital for the green revolution

(PRESS RELEASE) LEICESTER, 31-Jan-2022 — /EuropaWire/ — The University of Leicester, a public research university based in Leicester, England, has announced that a new international study led by researchers from its Centre for Sustainable Resource Extraction has discovered a new … Read the full press release

EBRD to loan EUR 20 million to Bulgarian copper producer Sofia Med AD

EBRD €20 million loan to Sofia Med Funds to boost the capacity expansion investment Sofia Med to develop and implement a low-carbon strategy (PRESS RELEASE) LONDON, 27-Dec-2021 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD), a multilateral … Read the full press release

Rio Tinto Diamonds: despite unprecedented challenges due to COVID-19 pandemic the company safeguards the livelihoods of many in the industry

(PRESS RELEASE) LONDON, 23-Jul-2020 — /EuropaWire/ — Leading global metals and mining corporation Rio Tinto has announced it continued to produce and market its diamonds throughout the challenges posed by the COVID-19 pandemic. Rio Tinto, 100 per cent owner of … Read the full press release

Glencore welcomes Kalidas Madhavpeddi to its Board of Directors

(PRESS RELEASE) BAAR, Switzerland, 4-Feb-2020 — /EuropaWire/ — Glencore appoints Kalidas Madhavpeddi as an Independent Non-Executive Director, effective immediately. Kalidas has more than 30 years of experience in the international mining industry, including most recently as the CEO of China … Read the full press release

Aurubis AG to sell its Segment Flat Rolled Products (FRP) business to Wieland-Werke AG

HAMBURG, 04-Apr-2018 — /EuropaWire/ — Aurubis AG (Aurubis) and Wieland-Werke AG (Wieland), Ulm, signed the contract regarding the sale of Segment Flat Rolled Products (FRP) on March 29, 2018. Execution of the sales contract is subject to approval by the … Read the full press release

Europe’s largest copper producer Aurubis reported on past fiscal year results to 1,500 shareholders and guests in Hamburg

Hamburg, Germany, 28-2-2014 — /EuropaWire/ — “Operating earnings before taxes in fiscal year 2012/13 amounted to € 114 million. Earnings in accordance with IFRS were minus € 230 million. The Group’s key figures reflect a split situation: return on capital employed … Read the full press release

Rio Tinto completed $3.5 billion of non-core asset sales and sets new production records in 2013

London, UK, 21-1-2014 — /EuropaWire/ — Rio Tinto chief executive Sam Walsh said “These are excellent fourth quarter operational results, demonstrating continued delivery on our commitments. We have set new records for iron ore production and shipments as we ramp up … Read the full press release

Aurubis Group reports for significant earnings decline in first nine months of fiscal year 2012/13 due to lower metal prices

Hamburg, 27-8-2013 — /EuropaWire/ — The Aurubis Group generated operating earnings before taxes (EBT) of € 133 million in the first nine months of the current fiscal year and was thus not able to follow up on its very good prior-year earnings … Read the full press release

The London Metal Exchange (LME) and Hong Kong Exchanges and Clearing Limited (HKEx) appoint Garry Jones as Chief Executive of the LME to succeed Martin Abbott

27-8-2013 — /EuropaWire/ — Hong Kong Exchanges and Clearing Limited (HKEx) and The London Metal Exchange (LME), part of the HKEx Group, are pleased to announce the appointment of Garry Jones as the Chief Executive of the LME to succeed Martin Abbott, … Read the full press release

ABB announced the acquisition of Alstom’s ring motor business based in Bilbao, Spain

Acquisition enables ABB to further strengthen gearless mill drive system business Zurich, Switzerland, 05-8-2013 — /EuropaWire/ — ABB, the leading power and automation technology group, announced today the acquisition of Alstom’s ring motor business to enhance its gearless mill drive (GMD) … Read the full press release

Rio Tinto’s Mongolian Oyu Tolgoi copper-gold mine made its first shipment of copper concentrate to China

23-7-2013 — /EuropaWire/ — Rio Tinto chief executive Sam Walsh said “A new milestone was reached in Mongolia, with the Oyu Tolgoi copper-gold mine making its first shipment of copper concentrate to China. Our iron ore operations continue their impressive performance, … Read the full press release

Aerospace materials and logistics provider ThyssenKrupp Aerospace moved to new building near Marseille, France

21-6-2013 — /europawire.eu/ — Aerospace materials and logistics provider ThyssenKrupp Aerospace has moved to a new building at Vitrolles near Marseille, mainly dedicated to supporting a major customer in the area. During the official inauguration event on June 11nd, ThyssenKrupp … Read the full press release