Tag Archives: Mines

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

Garpenberg Mine Prepares for Autonomous Rock Transport with Boliden and Volvo Autonomous Solutions

(IN BRIEF) Boliden, a prominent mining and smelting company, has teamed up with Volvo Autonomous Solutions (V.A.S.) in a strategic partnership aimed at introducing autonomous transport solutions in Boliden’s mining operations. Their first project will be initiated at the Garpenberg … Read the full press release

COVID-19: Anglo American sets out global initiatives to help ease the health and economic effects of the pandemic

(PRESS RELEASE) LONDON, 20-Apr-2020 — /EuropaWire/ —  Anglo American, in its global response to the COVID-19 pandemic, has set out the extensive support it is providing to its employees, host communities and countries of operation. Anglo American is continuing to … Read the full press release

Lower-carbon future: Lloyds Banking Group will no longer finance new coal-fired power stations or thermal coal mines

Lloyds Banking Group will not fund new coal-fired power stations or thermal coal mines The Bank will not bank new clients where most of their revenue is  derived from coal-fired power stations or thermal coal mines LONDON, 07-Aug-2018 — /EuropaWire/ … Read the full press release

Rio Tinto completes the sale of its 75 per cent stake in the Winchester South coal development project in Queensland to Whitehaven Coal Limited

LONDON, 07-Jun-2018 — /EuropaWire/ — Rio Tinto has completed the sale of its 75 per cent interest in the Winchester South coal development project in Queensland, Australia, to Whitehaven Coal Limited. Total consideration of $200 million is comprised of $150 … Read the full press release

MYTILINEOS Group posts consolidated €731M turnover in 1H2013, up 2.3% YoY

27-8-2013 — /EuropaWire/ —  Continued resilience in particularly adverse domestic and global economic conditions 1H2013 Highlights: Net debt down €170 million in 1H2013, dropping from €725 million to €555 million due to stronger positive cash flows and to the reduction in the amount … Read the full press release