Category Archives: Metals and Minerals

Metals and Minerals Press Releases & News distributed via EuropaWire

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

Q&A teleconference with Outotec CEO Markku Teräsvasara on Thursday, June 22, 2017

ESPOO, 15-Jun-2017 — /EuropaWire/ — The Q&A teleconference with CEO Markku Teräsvasara will be held on Thursday, June 22, 2017 at 1:00 PM (Finnish time). JOINING THE TELECONFERENCE AND PRESENTING QUESTIONS Dial in 5-10 minutes prior to the start time using … Read the full press release

EY report on mining and metals companies: Does cutting debt have to mean reducing your ambitions?

Top 50 miners reduce debt by 25% since 2014; and by 17% year-on-year in 2016 Debt-to-equity ratio down to 34% among leading mining companies Caution over balance sheet management could risk compromising future returns LONDON, 15-Jun-2017 — /EuropaWire/ — Global mining … Read the full press release

Laser Peening Metal Enhancement System Sold to ZAL Center of Applied Aeronautical Research in Hamburg

Laser peening extends component service life through increased fatigue strength, improved damage tolerance, and enhanced corrosion cracking resistance. It has been widely adopted by combustion turbine manufacturers to prevent critical component failures. Dublin, Ohio, USA, 14-Jun-2017 — /EuropaWire/ — LSP … Read the full press release

Outokumpu Director Saila Miettinen-Lähde Resigns

ESPOO, 12-Jun-2017 — /EuropaWire/ — Saila Miettinen-Lähde has today notified Outokumpu that she will resign the company’s Board of Directors. The reason for the resignation is the recent ruling by the district court of Helsinki on Miettinen-Lähde’s former employer Talvivaara’s … Read the full press release

Aurubis AG CFO Erwin Faust Terminates Contract for Health Reasons

HAMBURG, 12-Jun-2017 — /EuropaWire/ — It is with great regret that the Aurubis AG Supervisory Board has terminated CFO Erwin Faust’s contract as of June 30, 2017 for health reasons. “The Supervisory Board deeply regrets Mr. Faust’s departure. He has … Read the full press release

DEG provides long-term loan for Waelzholz expansion in Brazil

Long-term loan for investments in expansion COLOGNE, 08-Jun-2017 — /EuropaWire/ — Cold rolled steel strip is used, for example, in the automotive industry, toolmaking or manufacturing of industrial equipment. The German Waelzholz Gruppe, headquartered in Hagen, North-Rhine Westphalia, is one … Read the full press release

K+S completes 30% share purchase of Al Biariq for Fertilizer Plant Co., Ltd in Saudi Arabia

KASSEL, 05-Jun-2017 — /EuropaWire/ — Today (1 June 2017), K+S successfully completed the 30% share purchase of Al Biariq for Fertilizer Plant Co., Ltd (Al Biariq) in Saudi Arabia announced on December 19, 2016. With this purchase, K+S intends to participate in … Read the full press release

UC RUSAL signs new syndicated USD1.7 billion Pre-Export Finance Term Facility Agreement

MOSCOW, 29-May-2017 — /EuropaWire/ — UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, Moscow Exchange: RUAL/RUALR), a leading global aluminium producer, announces that it has entered into a new syndicated Pre-Export Finance Term Facility Agreement with the following key terms and conditions: … Read the full press release

SGS supports the Longwall USA conference in Pittsburgh, Pennsylvania on June 13-15, 2017

GENEVA, 26-May-2017 — /EuropaWire/ — This biennial event – the brainchild of mining and mineral processing magazine publisher and events organizer Mining Media – aims to provide insights, knowledge and commercial opportunities to the industry. Those attending will be able to … Read the full press release

Triton: Ovako launched digital tool that identifies the right machine settings based on steel properties and cutting tools

STOCKHOLM, 25-May-2017 — /EuropaWire/ — Ovako, a Triton Fund III company, has launched the M-Steel Calculator, a digital tool based on the company’s Steel Navigator platform. It guides customers in identifying the right machine settings based on steel properties and cutting … Read the full press release

Anglo American: De Beers’ rough diamond value in the fourth sales cycle of 2017 was $520 million

LONDON, 17-May-2017 — /EuropaWire/ — Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ fourth sales cycle of 2017, amounting to $520 million. Bruce Cleaver, CEO of De Beers, said: “We … Read the full press release

Aurubis H1 FY 2016/17: operating EBT of EUR 118 million

Half-year result of € 118 million meets expectations Earnings forecast for the entire fiscal year 2016/17 is confirmed Efficiency improvement program is launched Aurubis’ strategy for Vision 2025 will be presented at the end of the 2017 calendar year HAMBURG, 15-May-2017 … Read the full press release

Kiruna Wagon named finalist for the Swedish Steel Prize 2017

For developing the Helix Dumper, an innovative wagon solution that is highly durable and far more efficient than other ore wagon offerings, Kiruna Wagon has been named a finalist for the Swedish Steel Prize 2017. STOCKHOLM, 05-May-2017 — /EuropaWire/ — The … Read the full press release

ArcelorMittal Q1 2017 Ebitda sell-side analysts’ consensus figure

LUXEMBOURG, 04-May-2017 — /EuropaWire/ — ArcelorMittal has today announced the publication of first quarter 2017 Ebitda sell-side analysts’ consensus figure. The consensus figures are based on analysts’ estimates recorded on an external web-based tool provided and managed by an independent … Read the full press release

Turkish Powder Metal Company Acquired by GKN

Worcestershire, 21-Apr-2017 — /EuropaWire/ — GKN plc has agreed the acquisition of Tozmetal Ticaret Ve Sanayi AS (Tozmetal). Tozmetal is a powder metal part manufacturer based in the Istanbul Ataturk Free Trade Zone, Turkey.  With sales in 2016 of €24 million, … Read the full press release

Boliden Rönnskär Appoints New General Manager

STOCKHOLM, 19-Apr-2017 — /EuropaWire/ — Monica Quinteiro has been appointed as the new General Manager of Boliden Rönnskär. Monica joins Boliden from a position as General Manager at LKAB in Svappavaara and will take up her new position on 21 August … Read the full press release

Outokumpu invests to expand capacity in the area of coil-to-bar peeling

HELSINKI, 03-Apr-2017 — /EuropaWire/ — Outokumpu announces enhancement of stainless bar production in its facilities in in Richburg, South Carolina, USA. New capabilities include a new coil-to-bar line to cover bar sizes from 0.600” to 1.250” inches and full reinforcement bar … Read the full press release

Rolls-Royce Signs 13-Year Service Contract for Maintenance of MTU Engines

13-year service contract signed 30 MTU Series 4000 engines in operation in dump trucks in copper mine FRIEDRICHSHAFEN, GERMANY/LUMWANA, ZAMBIA, 21-Mar-2017 — /EuropaWire/ — Rolls-Royce has concluded a 13-year service contract with Canadian mine operator Barrick Gold Corporation. The agreement … Read the full press release

Nor-Tech Offers European Organizations Free Simulation Tests on a High Performance Computer Cluster for CAE, CFD, FEA Software

Nor-Tech, the top provider of powerful, user-friendly computers, just announced a free simulation test on a high performance computer cluster for CAE,CFD,FEA software MINNEAPOLIS, U.S., 01-Mar-2017 — /EuropaWire/ — Nor-Tech, the top provider of powerful, user-friendly computers, just announced a … Read the full press release

Carmeuse secures contract to distribute Lead Nitrate to mining Industry in Africa, Indonesia, the Philippines and Papua New Guinea

Louvain-la-Neuve, Belgium, 08-Feb-2017 — /EuropaWire/ — Carmeuse has secured a contract with 5N Plus, a leading producer of specialty metal and chemical products, in distributing Lead Nitrate to the mining Industry in Africa, Indonesia, the Philippines and Papua New Guinea. This … Read the full press release

ROSATOM’s international mining company – Uranium One to supply of 400 tons of natural uranium to Indústrias Nucleares do Brasil

MOSCOW, 06-Feb-2017 — /EuropaWire/ — Uranium One Inc., a member of ROSATOM’s international mining company – Uranium One, has become a winner of the open international tender for the supply of 982,000 pounds (approximately 400 tons) of natural uranium in 2017 … Read the full press release

Rosnedra to release formal auction results for Sukhoi Log in February 2017

This deposit is one of the largest undeveloped gold deposits in the world MOSCOW, 30-Jan-2017 — /EuropaWire/ — On January 26, the Russian Federal Agency for Subsoil Use (Rosnedra) held an auction for a licence for Sukhoi Log, one of the largest gold deposit in … Read the full press release

Boliden announces investment in Tara mine to expand its tailings dam and launch a programme to extend life-of-mine

Successful exploration at the Tara zinc mine in Ireland has identified a new mineralisation with an inferred mineral resource of 10 Mtonnes. Boliden has decided to expand the mine’s tailings dam and launch a programme to extend the life-of-mine. STOCKHOLM, … Read the full press release

ALUMINIUM of GREECE wins two top awards at the Health & Safety Awards 2016

Maroussi, Greece, 11-Jan-2017 — /EuropaWire/ — Carrying away two top awards at the Health & Safety Awards 2016 ceremony event, organised by Boussias Communications, ALUMINIUM of GREECE (AoG), a MYTILINEOS Group subsidiary, proved that it rightfully ranks among Greece’s enterprises which are … Read the full press release