Category Archives: Metals and Minerals

Metals and Minerals Press Releases & News distributed via EuropaWire

EIB Funds voestalpine’s Green Steel Initiative with €300 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has allocated a €300 million loan to voestalpine AG, Europe’s third-largest steelmaker, to support a four-year research and development initiative aimed at enhancing sustainability and reducing carbon emissions. Key focuses include optimizing manufacturing … Read the full press release

Hindalco Awards Metso Contract for India’s First Electronic Waste Recycling Facility

(IN BRIEF) Hindalco Industries Limited, a key player in aluminum and copper production, has awarded Metso a significant contract to build India’s first electronic waste recycling facility near their Birla copper unit in Gujarat. This greenfield project aims to annually … Read the full press release

Thiess Secures Four-Year Contract Extension with BHP Mitsubishi Alliance

(IN BRIEF) Thiess, a prominent global mining services provider, has secured a substantial four-year contract extension with BHP Mitsubishi Alliance (BMA) for operations at the Caval Ridge mine in Queensland, Australia. Valued at $580 million, the contract reaffirms Thiess’ role … Read the full press release

SGS Advances Sustainable Battery Metal Extraction in North America

(IN BRIEF) SGS has launched multiple sustainable initiatives across North America aimed at extracting critical battery metals more responsibly. These efforts include pioneering environmentally friendly methods for mining nickel and cobalt sulfates from the seafloor with The Metals Company, supporting … Read the full press release

Metso Reintroduces OtoVentTM Off-Gas Treatment Technology for Metallurgical and Chemical Industries

(IN BRIEF) Metso unveils the reintroduction of its OtoVentTM off-gas treatment technology, designed to quench various types of off-gases in non-ferrous and ferrous metallurgical processes, as well as in oil, gas, and chemical plants. Widely utilized in modern copper smelters, … Read the full press release

MYTILINEOS Energy & Metals Rebrands as Metlen: A Bold Step towards Global Expansion

(IN BRIEF) Today, MYTILINEOS Energy & Metals unveiled its new corporate brand and refreshed corporate image, marking a significant milestone in its evolution towards global expansion, innovation, and growth. The announcement, made by Chairman and CEO Evangelos Mytilineos during the … Read the full press release

BBVA Expands Emission Reduction Targets to Real Estate and Aluminum Sectors

(IN BRIEF) BBVA, in its commitment to decarbonization, has expanded its intermediate emission reduction targets for 2030 to include the real estate sector in Spain and the global aluminum industry. These sectors join the list of targets set by the … Read the full press release

Hydro Extrusion Sweden Launches Onsite Renewable Energy Production for Zero Emissions

(IN BRIEF) Hydro Extrusion in Sweden takes a significant step towards achieving zero emissions by initiating onsite production of renewable energy. The company, through its renewable energy subsidiary Hydro Rein, completes phase one of the project, installing rooftop and ground-mounted … Read the full press release

Outokumpu Names Ulla Paajanen as Senior VP of Investor Relations & Strategic Advisory

(IN BRIEF) Outokumpu has appointed Ulla Paajanen as the Senior Vice President of Investor Relations & Strategic Advisory, effective June 3, 2024. With extensive experience in capital markets, particularly within the process industry, Ulla brings a wealth of knowledge in … Read the full press release

Scania Launches Autonomous Mining Trucks, Paving the Way for Safer and Sustainable Operations

(IN BRIEF) Scania announces the commencement of sales for its autonomous mining trucks, marking a significant milestone in the realization of autonomous transport. The company’s self-driving mining solutions offer safer, more efficient, and sustainable mining operations. With the ability to … Read the full press release

Outokumpu Achieves Full ResponsibleSteel Certification Across European Sites, Leading Sustainable Steel Production in the Nordics

(IN BRIEF) Outokumpu, a leading manufacturer in sustainable stainless steel, has secured the ResponsibleSteel certification for all its production facilities in Europe, making it the first Nordic company to earn this accolade for all seven of its sites across Finland, … Read the full press release

Glencore Releases 2023 Sustainability Report Highlighting Commitment to ESG Principles

(IN BRIEF) Glencore plc unveiled its 2023 Sustainability Report, emphasizing its dedication to environmental, social, and governance (ESG) principles. The report outlines the company’s progress in various sustainability-related areas, including its approach, performance, and activities throughout the year. Case studies … Read the full press release

Outokumpu Recognized as Europe’s Climate Leader for Second Consecutive Year

(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel production, has once again been honored as one of Europe’s Climate Leaders by the Financial Times. This recognition underscores Outokumpu’s commitment to reducing greenhouse gas emissions and advancing transparency in … Read the full press release

Spanish Mountain Gold Partners with ANDRITZ and BC Hydro for Sustainable Gold Mining

(IN BRIEF) Spanish Mountain Gold Ltd. (SMG) has forged a strategic partnership with international technology group ANDRITZ and BC Hydro to enhance the sustainability of its proposed gold mine in British Columbia. Utilizing ANDRITZ’s IDEAS simulation software, SMG aims to … Read the full press release

Boliden Joins Ericsson and Telia’s NorthStar 5G Program for Advanced Mining Operations

(IN BRIEF) Boliden, a leading Swedish metals, mining, and smelting company, is partnering with Ericsson and Telia to enhance its mining operations through the NorthStar 5G innovation program. By upgrading its private 5G network in the Kankberg mine, Boliden aims … Read the full press release

Hydro Appoints New Leaders to Drive Future Growth and Strategy

(IN BRIEF) Hydro has announced significant changes to its Executive Leadership Team under the new leadership of President and CEO, Eivind Kallevik, who took office on May 13, 2024. Hanne Karine Simensen, previously the Head of Commercial in Hydro Aluminium … Read the full press release

Salzgitter AG Navigates Economic Downturn with Modest Profits Amidst a Challenging Market

(IN BRIEF) In the first quarter of 2024, Salzgitter AG reported a downturn in performance due to a sluggish economy, particularly affecting its steel-related sectors in Germany. The company achieved an EBITDA of €126.4 million and a pre-tax profit of … Read the full press release

Marel Initiates Pilot Project with Green Steel to Reduce Carbon Emissions

(IN BRIEF) Marel has embarked on a pilot project to utilize green steel, produced using renewable energy and recycled materials, in its manufacturing processes to reduce environmental impact. This initiative is part of Marel’s broader strategy to meet its Science-Based … Read the full press release

Outokumpu Ups EBITDA Improvement Goal to €350 Million, Strengthening Market Position

(IN BRIEF) Outokumpu, in a robust advancement of its strategic plan, has increased its EBITDA run-rate improvement target by €150 million to €350 million, aiming to bolster its competitiveness in the stainless steel industry. Achieving its initial target ahead of … Read the full press release

Steffen Hoffmann to Succeed Rainer Verhoeven as CFO of Aurubis AG

(IN BRIEF) Steffen Hoffmann, an internationally experienced executive with a comprehensive background in finance, will become the new Chief Financial Officer of Aurubis AG on October 1, 2024. He will be succeeding Rainer Verhoeven, who announced his departure effective June … Read the full press release

Paris 2024 Unveils Stunning Design for Olympic and Paralympic Torch Relay Cauldron by Mathieu Lehanneur

(IN BRIEF) Paris 2024, in anticipation of the Torch Relay’s arrival in Marseille on 8 May, reveals the striking design of the Olympic and Paralympic Torch Relay cauldron, crafted by renowned designer Mathieu Lehanneur and manufactured by ArcelorMittal. The cauldron, … Read the full press release

Aura Minerals Partners with AFRY for Borborema Gold Processing Plant Project

(IN BRIEF) Aura Minerals has enlisted AFRY to provide comprehensive engineering, procurement, construction management (EPCM), and commissioning services for the Borborema Project’s gold processing plant. The project, located in Currais Novos, Brazil, will operate within Aura’s open-pit mine and is … Read the full press release

Boliden Pioneers Linking Climate Goals to Financial Agreements in Mining Sector

(IN BRIEF) Boliden, a leading mining and metals company, has taken a groundbreaking step by integrating climate goals validated by the Science Based Targets initiative (SBTi) into its existing revolving credit facilities agreement (RCF). The RCF, totaling EUR 850 million, … Read the full press release

Jens Schulte Named New CFO of thyssenkrupp AG

(IN BRIEF) Dr. Jens Schulte is set to assume the role of Chief Financial Officer (CFO) at thyssenkrupp AG starting June 1, succeeding Dr. Klaus Keysberg who will retire on May 31. Approved by the Supervisory Board last November, Schulte … Read the full press release

ArcelorMittal Releases 1Q 2024 Analyst Consensus Figures and 2023 Factbook

(IN BRIEF) ArcelorMittal has published its first-quarter 2024 sell-side analyst consensus figures, revealing estimates for EBITDA, net income, and earnings per share. These figures, compiled by Visible Alpha based on the assessments of sell-side analysts, provide insights into the company’s … Read the full press release

EPCG Acquires Stake in thyssenkrupp’s Steel Business: A Step Towards Decarbonization

(IN BRIEF) thyssenkrupp AG and EP Corporate Group (EPCG) have reached an agreement for EPCG to acquire a 20 percent stake in thyssenkrupp’s steel business, with discussions ongoing for a further 30 percent acquisition, aiming to form an equal 50/50 … Read the full press release

Sika Expands in Latin America with New Synthetic Macro Fiber Facility in Peru

(IN BRIEF) Sika is establishing a cutting-edge facility in Lima, Peru, to manufacture synthetic macro fibers, further solidifying its position as a key supplier to the mining industry and infrastructure projects in Latin America. These fibers, leveraging advanced technology, enhance … Read the full press release

Collaboration for Carbon Neutrality: Swedish Companies Initiate Hydrogen and Biofuel Value Chain

(IN BRIEF) Boliden, Nevel, Skellefteå Kraft, and Sveaskog have entered a letter of intent to conduct a feasibility study for establishing a hydrogen and biofuel value chain in Västerbotten, Sweden, with the aim of reducing CO2 emissions, particularly at the … Read the full press release

Outokumpu Completes Restructuring Negotiations, Moves Toward Operational Centralization in Germany

(IN BRIEF) Outokumpu, in line with its company strategy announced in November 2023, has concluded negotiations with employee representatives regarding restructuring measures in Germany. The plan involves shutting down operations at the Dahlerbrück and Hockenheim sites and centralizing advanced materials … Read the full press release

Outokumpu to Host Webcast Following Release of Q1 2024 Interim Report

(IN BRIEF) Outokumpu has announced the publication of its interim report for January–March 2024 on May 7, 2024, at approximately 9:00 am EEST. Following the report’s release, a live webcast and conference call will be conducted at 3:00 pm EEST, … Read the full press release

Carbon-Neutral Cement: Groundbreaking for Innovative Plant in Lägerdorf

(IN BRIEF) A groundbreaking ceremony in Lägerdorf, Schleswig-Holstein, marked the official start of construction for one of the world’s first carbon-neutral cement plants. Notable attendees included Dr. Robert Habeck, Vice Chancellor and Federal Minister for Economic Affairs and Climate Protection, … Read the full press release

Outokumpu Appoints Marc-Simon Schaar as Chief Financial Officer

(IN BRIEF) Outokumpu Corporation has announced the appointment of Marc-Simon Schaar as its Chief Financial Officer, effective June 1, 2024. Schaar, who holds an M.Sc. in International Business and is a Chartered Accountant, brings over a decade of experience in … Read the full press release

Hydro Expands Recycling Capacity to Accelerate Decarbonization Efforts

(IN BRIEF) Hydro has inaugurated the Høyanger Recycling facility, a significant step in its commitment to decarbonize the aluminium value chain and foster a circular economy. With an investment of NOK 240 million, the purpose-built facility, located near its primary … Read the full press release

Cutting Carbon: ZWILLING Unveils Earth Day Knife Set with Outokumpu Circle Green® Steel

(IN BRIEF) In celebration of Earth Day, ZWILLING collaborates with Outokumpu to launch a special edition knife block set crafted with Circle Green Dura stainless steel, embodying sustainability and style. The initiative underscores Outokumpu’s commitment to reducing carbon emissions in … Read the full press release

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

Hydro Energi AS Secures Long-Term Power Deal with Swiss Provider Alpiq

(IN BRIEF) Hydro Energi AS recently finalized a significant long-term power purchase agreement (PPA) with Swiss energy provider Alpiq, spanning from 2025 to 2033. The agreement entails the delivery of 0.54 TWh of power, contributing to Hydro’s Nordic power portfolio, … Read the full press release

FLSmidth Secures Major Service Contract for HPGRs in Chilean Iron Ore Mines

(IN BRIEF) A leading Chilean iron ore miner has entrusted FLSmidth with a multi-year contract to service its five High Pressure Grinding Rolls (HPGRs) across three mines in Chile, aiming to boost productivity and extend equipment lifespan. Despite the HPGRs … Read the full press release

Norsk Hydro ASA Announces Hybrid Annual General Meeting for May 7, 2024

(IN BRIEF) Norsk Hydro ASA has scheduled its Annual General Meeting for May 7, 2024, at 10:00 CEST, offering a hybrid format allowing shareholders to attend either in person or digitally, with options for advance voting or proxy participation. While … Read the full press release

SSAB CEO Martin Lindqvist Steps Down After 26 Years for New Board Career

(IN BRIEF) After 26 years with SSAB, Martin Lindqvist, the President and CEO for the past 13 years, has announced his decision to step down to focus on his board career. During his tenure, Lindqvist led SSAB through significant transformations, … Read the full press release

Metso’s Tampere Factory Adapts to Lower Production Volumes: Consultation Process Initiated

(IN BRIEF) Metso Corporation’s Tampere factory in the Aggregates business area faces challenges with low new orders and delays in material deliveries, resulting in increased inventories of finished goods. To align manufacturing with the temporarily reduced production volumes, Metso has … Read the full press release