Category Archives: Metals and Minerals

Metals and Minerals Press Releases & News distributed via EuropaWire

Statkraft and Hydro Energi AS sign long-term power contract for the period 2021-2038

OSLO, 11-Apr-2018 — /EuropaWire/ — Statkraft and Hydro Energi AS have signed a new long-term power contract for the period 2021-2038. The total volume is 15.5 TWh with annual supply of 0.75 TWh from 2021 to 2030 and 1 TWh from … Read the full press release

ArcelorMittal Chairman Lakshmi Mittal: We believe that ArcelorMittal, together with NSSMC, has the most relevant credentials and experience and is the most credible owner for Essar Steel

LUXEMBOURG, 05-Apr-2018 — /EuropaWire/ — ArcelorMittal and Nippon Steel & Sumitomo Metal Corporation (‘NSSMC’) announce that ArcelorMittal’s subsidiary ArcelorMittal India Private Limited (‘AMIPL’) has today submitted an offer in the re-bidding process for Essar Steel India Limited (‘Essar Steel’) in connection … 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

Four innovative design concepts that utilize high-strength steel nominated for the Swedish Steel Prize 2018

The Swedish Steel Prize 2018 finalists have been named, revealing four innovative design concepts that utilize high-strength steel to achieve the highest possible performance. The winner will be announced at a ceremony in Stockholm on May 24. STOCKHOLM, 28-Mar-2018 — … Read the full press release

Rio Tinto launches bond purchase and redemption plan for up to $2.25 billion

LONDON, 22-Mar-2018 — /EuropaWire/ — Rio Tinto will use some of its surplus liquidity to further reduce gross debt, today launching a bond purchase and redemption plan for up to $2.25 billion. Under the plan, Rio Tinto has issued redemption notices … Read the full press release

Rio Tinto to sell its entire interests in Hail Creek coal mine and Valeria coal development project in Australia to Glencore

LONDON, 22-Mar-2018 — /EuropaWire/ — Rio Tinto has entered into a binding agreement with Glencore for the sale of its entire interests in the Hail Creek coal mine and the Valeria coal development project in Queensland, Australia, for $1.7 billion. The … Read the full press release

ArcelorMittal welcomes Aditya Mittal as President

LUXEMBOURG, 06-Mar-2018 — /EuropaWire/ — ArcelorMittal announces that Aditya Mittal, Group CFO and CEO of ArcelorMittal Europe, has been appointed as President, ArcelorMittal, in addition to his current responsibilities. This nomination reflects the increasing global strategic role Aditya has across … Read the full press release

Colin Smith to succeed Alan Begg as board director at NV Bekaert SA

The Board of Directors of NV Bekaert SA is proud to announce the nomination of Mr Colin Smith for appointment by the Annual General Meeting of Shareholders of 9 May 2018. He will replace Mr Alan Begg whose term of … Read the full press release

Final round of BeyondConventions gets underway at the thyssenkrupp Quarter in Essen

ESSEN, 21-Feb-2018 — /EuropaWire/ — The final round of BeyondConventions gets underway at the thyssenkrupp Quarter, Essen today. Under the BeyondConventions format, large German corporations are seeking start-up partners for their digital challenges. thyssenkrupp, innogy, Open Grid Europe, Schacht One … Read the full press release

Recycling programme ‘Every Can Counts’ to support UK based Trek-Drops professional women’s cycling team during the 2018 season

BRUSSELS, 19-Feb-2018 — /EuropaWire/ — As women’s cycling continues to gain momentum, recycling programme ‘Every Can Counts’ has furthered its investment into the UK based Trek-Drops professional women’s cycling team for the duration of the 2018 season. This is the second … Read the full press release

Solidaridad calls on all companies that purchase gold to source verified responsible gold

Utrecht, Netherlands, 12-Feb-2018 — /EuropaWire/ — The report “The Hidden Cost of Jewellery” by Human Rights Watch (HRW) clearly demonstrates that the world’s largest jewellery brands have collectively taken limited steps to implement responsible sourcing practices for their gold. The … Read the full press release

Boliden welcomes new President and CEO Mikael Staffas

STOCKHOLM, 06-Feb-2018 — /EuropaWire/ — Mikael Staffas has been appointed as new President and CEO of Boliden. He will assume the position on the 1st of June 2018. – It feels very good to ensure the continuity in Boliden. Mikael knows … Read the full press release

SSAB’s, LKAB’s and Vattenfall’s pilot plant for fossil-free steel project gets support from Swedish Energy Agency

STOCKHOLM, 06-Feb-2018 — /EuropaWire/ — SSAB’s, LKAB’s and Vattenfall’s pre-feasibility study is giving the green light for the fossil-free steel initiative, HYBRIT. For the first time in 1,000 years, there is an opportunity for a technology shift and, as early as … Read the full press release

Rio Tinto and the Government of Mongolia strengthen relationship by setting up a joint working group to create long-term sustainable solutions

LONDON, 25-Jan-2018 — /EuropaWire/ — The Prime Minister of Mongolia U. Khurelsukh and other government representatives and Rio Tinto chief executive J-S Jacques met in Ulaanbaatar today to progress their partnership. The two sides discussed ways to strengthen the relationship by … Read the full press release

Rio Tinto appoints Munkhtushig Dul to lead its new office in Ulaanbaatar, Mongolia

LONDON, 25-Jan-2018 — /EuropaWire/ — Rio Tinto is further strengthening its presence in Mongolia, underscoring its commitment to the country. Rio Tinto will establish a new office in Ulaanbaatar and expand its national employee numbers to around 80 through the course … Read the full press release

Fraunhofer researchers develop cost-effective coating based on renewable raw materials

MUNICH, 04-Jan-2018 — /EuropaWire/ — If a surface has to be protected against corrosion, in 80 percent of all cases this takes place through coating it with paints or varnishes. When doing so, the proportion of bio-based, environmentally-friendly solutions is extremely … Read the full press release

Rio Tinto dividends and share buy-backs cash returns to shareholders reaches $8.2 billion in 2017

LONDON, 28-Dec-2017 — /EuropaWire/ — Rio Tinto has successfully completed its $1.5 billion buy-back of Rio Tinto plc shares, comprised of the $500 million and $1 billion on-market share buy-back programmes announced on 8 February 2017 and 2 August 2017 … Read the full press release

thyssenkrupp and trade union IG Metall reach agreement for the planned 50/50 joint venture with Tata Steel Europe

thyssenkrupp agrees with employee representatives on conclusion of a collective agreement Collective agreement contains assurances on site and employment continuation and investment Agreement enables thyssenkrupp to implement its strategic and operational goals for the joint venture IG Metall collective bargaining … Read the full press release

juwi: the world’s largest PV-hybrid-system in Australia reports one year positive results

Wörrstadt, Germany, 28-Nov-2017 — /EuropaWire/ — juwi’s award winning solar hybrid project at Sandfire Resources DeGrussa Copper/Gold Mine has been successfully operating for more than one year. Over a year ago the world’s largest PV-hybrid-system, some 900 kilometers northeast of Perth … Read the full press release

Yara signs mining agreement in Ethiopia for its Dallol potash mine

Yara will sign a mining agreement with the Ethiopian authorities, making possible the future development of the Yara Dallol potash mine. OSLO, 08-Nov-2017 — /EuropaWire/ —  The mining agreement will be signed today at a ceremony in Addis Abeba by Ethiopian Minister … Read the full press release

Global aluminium producer RUSAL to attend the 23rd Conference of Parties of the UN Framework Convention on Climate Change in Germany

UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, Moscow Exchange: RUAL), a leading global aluminium producer, announces that it will be taking part in the 23rdConference of Parties of the UN Framework Convention on Climate Change. MOSCOW, 30-Oct-2017 — /EuropaWire/ — The two … Read the full press release

Glencore to acquire 26.73% of Volcan Compañia Minera S.A.A. for US$531 million

BAAR, 04-Oct-2017 — /EuropaWire/ — Glencore has concluded an agreement with certain shareholders (“Selling Shareholders”) of Volcan Compañia Minera S.A.A. (“Volcan”) pursuant to which Glencore has agreed to acquire 26.73% of the total class A common (voting) shares of Volcan at … Read the full press release

voestalpine AG: the most advanced special steel plant in the world will be built in Kapfenberg, Austria

LINZ, 28-Sep-2017 — /EuropaWire/ — After more than two years of planning, today the final location decision was taken during the Supervisory Board meeting of voestalpine AG: the most advanced special steel plant in the world, representing an investment of EUR 330 … Read the full press release

voestalpine opens its new high-tech wire rod mill in Leoben/Donawitz in Austria

LINZ, 28-Sep-2017 — /EuropaWire/ — voestalpine continues to strengthen its leading international position in the quality wire sector with the official opening of its new high-tech wire rod mill at the site of the Metal Engineering Division in Leoben/Donawitz in Austria. … Read the full press release

UC RUSAL completes modernization of Befesa-2 line for standard alloyed ingots production at Irkutsk Aluminium Smelter

MOSCOW, 12-Sep-2017 — /EuropaWire/ — UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, Moscow Exchange: RUAL), a leading global aluminium producer, is pleased to announce the completion of the modernization of Befesa-2 line for standard alloyed ingots production at the Irkutsk Aluminium Smelter … Read the full press release

thyssenkrupp completes the sale of CSA Siderúrgica do Atlântico (CSA) steel mill in Brazil to Latin American steelmaker Ternium for EUR 1.5 billion

ESSEN, 12-Sep-2017 — /EuropaWire/ — The sale of the CSA Siderúrgica do Atlântico (CSA) steel mill in Brazil to the Latin American steelmaker Ternium is complete. With the closing of the transaction thyssenkrupp has received the purchase price (enterprise value) of … Read the full press release

Potash producer Uralkali takes US$850 million loan from 11 international banks

Berezniki, Russia, 21-Aug-2017 — /EuropaWire/ — Uralkali (the Company; MICEX: URKA), one of the world’s largest potash producers, has signed a loan agreement in the amount of US$850 million with 11 international banks. Coordinating Mandated Lead Arrangers and Bookrunners of the pre-export finance facility were Commerzbank … Read the full press release

Hydro to purchase Orkla’s 50% interest in Sapa

Orkla and Norsk Hydro (“Hydro”) have entered into an agreement whereby Hydro is to purchase Orkla’s 50% interest in Sapa. The sale is in line with Orkla’s strategy of being a leading branded consumer goods company.  OSLO, 11-Jul-2017 — /EuropaWire/ … Read the full press release

KUKA: KR AGILUS robot used in applications to deflash die-cast aluminium components at Grind Master

Grind Master, a global leader in metal finishing and deburring machines, has become an integrator for KUKA starting January 2016. The small robots of the KR AGILUS series in its portfolio deflash die-cast aluminium components with high consistency and quality. … Read the full press release

Bekaert’s formerly wholly-owned subsidiary in Sumaré (Brazil) integrated into BMB (Belgo Mineira Bekaert Artefatos de Arame Ltda) partnership

Kortrijk, Belgium, 22-Jun-2017 — /EuropaWire/ — Bekaert and ArcelorMittal have closed the transaction to integrate Bekaert’s formerly wholly-owned subsidiary in Sumaré (Brazil) into the BMB (Belgo Mineira Bekaert Artefatos de Arame Ltda) partnership. In line with the shareholding structure of the … Read the full press release