(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
Posted in Business, Environment, Financial, Germany, Government, Industrial, Investment, Management, Metals and Minerals, News
Tagged acquisition, Daniel Křetínský, decarbonization, EPCG, Miguel López, partnership, steel business, sustainability, ThyssenKrupp
(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
(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
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Sweden
Tagged biofuel, Boliden, carbon neutrality, hydrogen, Joachim Nordin, Mats Gustavsson, Nevel, partnership, Per Callenberg, Skellefteå Kraft, Stefan Johnsson, sustainability, Sveaskog, Sweco
(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
Posted in Business, Financial, Finland, Germany, Government, Industrial, Investment, Management, Metals and Minerals, News
Tagged Germany, Outokumpu, partnership, Restructuring Negotiations, Thomas Anstots
(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
Posted in Business, Economy, Financial, Finland, Industrial, Investment, Management, Media, Metals and Minerals, News
Tagged Financial, Heikki Malinen, investment, Linda Häkkilä, Outokumpu, Pia Aaltonen-Forsell, Q1 2024 Interim Report, webcast
(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
Posted in Business, Construction, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Technology
Tagged Andreas X. Müller, Carbon-Neutral Cement, Daniel Günther, Dr. Cetin Nazikkol, Dr. Robert Habeck, holcim, Innovative Plant, Lägerdorf, partnership, sustainability, Thorsten Hahn, ThyssenKrupp, “pure oxyfuel” technology
(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
Posted in Business, Finland, Industrial, Management, Metals and Minerals, News
Tagged appointment, Chief Financial Officer, Heikki Malinen, leadership, Marc-Simon Schaar, Outokumpu
(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
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Norway, Technology
Tagged decarbonization, Eivind Kallevik, Hydro, Høyanger Recycling facility, partnership, Recycling Capacity, sustainability
(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
Posted in Business, Environment, Finland, Industrial, Management, Metals and Minerals, News
Tagged Christian Koch, Circle Green® Steel, Earth Day, Knife Set, Outokumpu, partnership, STAHL KREBS, sustainability, ZWILLING
(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
(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
(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
(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
Posted in Business, Economy, Financial, Industrial, Investment, Management, Media, Metals and Minerals, News, Norway
Tagged Financial, Hybrid Annual General Meeting, investment, Norsk Hydro ASA
(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
Posted in Business, Industrial, Management, Metals and Minerals, News, Sweden
Tagged appointment, CEO, leadership, Lennart Evrell, Martin Lindqvist, SSAB
(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
Posted in Business, Economy, Financial, Finland, Industrial, Management, Metals and Minerals, News
Tagged Financial, Metso, Tampere Factory
(IN BRIEF) Outokumpu Oyj’s Annual General Meeting held in Helsinki, Finland, endorsed all proposals by the Board of Directors and the Shareholders’ Nomination Board. The meeting approved financial statements, discharged liability for the Board and CEO for the year 2023, … Read the full press release
Posted in Business, Economy, Environment, Financial, Finland, Industrial, Investment, Management, Media, Metals and Minerals, News
Tagged Annual General Meeting 2024, appointment, Heinz Jörg Fuhrmann, Julia Woodhouse, Jyrki Mäki-Kala, Kari Jordan, Kati ter Horst, leadership, Outokumpu, Päivi Luostarinen, Petter Söderström, Pierre Vareille, PricewaterhouseCoopers Oy
(IN BRIEF) Outokumpu Oyj’s Board of Directors, at its inaugural meeting, has established two permanent committees: the Audit Committee and the Remuneration Committee. For the Audit Committee, Jyrki Mäki-Kala was elected as Chairman, with Päivi Luostarinen, Petter Söderström, and Julia … Read the full press release
(IN BRIEF) SSAB’s Board of Directors has approved the construction of a cutting-edge fossil-free mini-mill in Luleå, Sweden, marking a significant step in the company’s transition to sustainable steel production. The new mill, with a capacity of 2.5 million tons … Read the full press release
Posted in Business, Construction, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Sweden, Technology
Tagged fossil-free, Luleå, Martin Lindqvist, Mini-Mill, SSAB, sustainability, Sweden
(IN BRIEF) ArcelorMittal, a major steel company based in Luxembourg, has announced the date for its Annual General Meeting of shareholders, scheduled for April 30, 2024, at 3 p.m. CET. Shareholders eligible to vote will be determined based on their … Read the full press release
Posted in Business, Industrial, Luxembourg, Management, Metals and Minerals
Tagged Annual General Meeting, ArcelorMittal, board committee, Luxembourg, Mrs. Karyn Ovelmen, shareholders, STEEL
(IN BRIEF) ArcelorMittal, in line with its fourth-quarter 2023 financial results, has made significant amendments to its segment reporting and EBITDA definition effective from January 1, 2024. Key changes include redefining EBITDA to encompass operating result, depreciation, impairments, exceptional items, … Read the full press release
Posted in Business, Economy, Environment, Financial, Industrial, Investment, Luxembourg, Management, Metals and Minerals, News
Tagged ArcelorMittal, Clarity, Financial, investment
(IN BRIEF) Kumba Iron Ore Limited, a subsidiary of Anglo American plc, has announced that its Sishen and Kolomela mines in South Africa have attained the Initiative for Responsible Mining Assurance’s (IRMA) IRMA 75 level of performance. This achievement underscores … Read the full press release
Posted in Awards, Business, Environment, Financial, Government, Industrial, Investment, Management, Metals and Minerals, News, United Kingdom
Tagged Aimee Boulanger, Anglo American, Awards, IRMA 75 Performance Level, Kolomela, Kumba Iron Ore, mining, Mpumi Zikalala, Sishen, South Africa, sustainability, Themba Mkhwanazi
(IN BRIEF) Metso, a leading provider of sustainable solutions for the mining and aggregates industries, has inaugurated its largest service center globally in Karratha, Western Australia. With an investment of approximately EUR 32 million, this expansive facility spans 35,000 m² … Read the full press release
Posted in Business, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Technology, Transportation & Logistics
Tagged Global Service Center, Karratha, Metso, partnership, Sami Takaluoma, Stuart Sneyd, sustainability, Western Australia
(IN BRIEF) ArcelorMittal, a global leader in steel and mining, has named Kleber Silva as the Executive Vice President and Chief Executive Officer of its mining division, effective April 8, 2024. Kleber, who brings 35 years of extensive experience in … Read the full press release
Posted in Business, Industrial, Luxembourg, Management, Metals and Minerals, News
Tagged Aditya Mittal, appointment, ArcelorMittal, CEO, Kleber Silva, leadership, Mining Division, Stefan Buys
(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
(IN BRIEF) ANDRITZ, an international technology group, has been commissioned by Salzgitter Flachstahl in Germany to supply a new pickling section for its existing push pickling line handling heavy-duty steel grades. Originally supplied by ANDRITZ in 1992, the line’s successful … Read the full press release
Posted in Austria, Business, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Technology
Tagged Andritz, Germany, partnership, Pickling Section Upgrade, Salzgitter Flachstahl, Salzgitter Steel Plant, sustainability
(IN BRIEF) Hydro Extrusions has announced an agreement to sell its fabrication unit in Kaunas, Lithuania, to VE Invest UAB. The Kaunas plant, with approximately 170 employees, serves as a fabrication unit for Hydro’s extrusion plants in Sweden and Denmark. … Read the full press release
Posted in Business, Denmark, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Lithuania, Management, Metals and Minerals, News, Norway, Sweden
Tagged acquisition, Bruno D’hondt, Denmark, Hydro Extrusions, Kaunas Plant, Lithuania, partnership, Paulius Velicka, sustainability, Sweden
(IN BRIEF) Boliden, a leading mining and smelting company, has unveiled a significant investment plan totaling SEK 4.8 billion in a new tank house at Rönnskär, set to enhance copper cathode and precious metal production by 2026. Additionally, investments in … Read the full press release
(IN BRIEF) The Norwegian government, along with industry associations and trade unions, has finalized an agreement on the future of the Norwegian CO2 compensation scheme, slated to be effective from 2024 to 2030. This agreement, encompassing a maximum annual CO2 … Read the full press release
(IN BRIEF) Bekaert, a leading provider of innovative steel wire products, proudly announces its compliance with the NTIA Buy America guidelines for its messenger and guy strand product used in telecommunications infrastructure. This high-performance steel wire solution, manufactured at Bekaert’s … Read the full press release
(IN BRIEF) thyssenkrupp Veerhaven, the Dutch logistics subsidiary of thyssenkrupp Steel Europe, is embarking on a groundbreaking initiative to design and commission climate-friendly pusher tugs for its fleet renewal. These innovative vessels, fueled by methanol and optimized for low-water capabilities, … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Industrial, Investment, Management, Metals and Minerals, Netherlands, News, Transportation & Logistics
Tagged climate-friendly, decarbonization, Frank Tazelaar, partnership, Rotterdam, Steel Supply Chain, sustainability, ThyssenKrupp, thyssenkrupp Veerhaven
(IN BRIEF) LME Clear has appointed Claire Chapman, an accomplished legal professional with extensive experience in various sectors, as Independent Non-Executive Director of the Board. Currently serving as General Counsel, Company Secretary, and Chief People Officer at Hargreaves Lansdown plc, … Read the full press release
(IN BRIEF) Hydro and NKT have announced a strategic partnership to develop a cutting-edge, low-carbon aluminium power cable value chain, aimed at facilitating the growth of Europe’s renewable energy grid. The collaboration, set to extend towards 2030, will focus on … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Norway, Technology
Tagged Denmark, Eivind Kallevik, Hydro, INNOVATION, low-carbon aluminium, NKT, partnership, Power Cable, sustainability, Will Hendrikx
(IN BRIEF) Outokumpu, a leading provider of sustainable stainless steel, has partnered with Finnish shipping firm Langh Ship to revolutionize short sea liner operations. By introducing energy-efficient and low-emission vessels, such as the inaugural multipurpose vessel Lovisa, Outokumpu aims to … Read the full press release
(IN BRIEF) Outokumpu, a key player in sustainable stainless steel production, has joined forces with Q Power, a Finnish Power-to-X technology firm, to embark on a venture aiming to explore the production of synthetic methane at Outokumpu’s Tornio site in … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Technology
Tagged Eero Paunonen, Outokumpu, partnership, Q Power, Stainless Steel, Stefan Erdmann, sustainability, Synthetic Methane Innovation
(IN BRIEF) Sandvik, a global leader in mining solutions, has secured a significant order from Codelco, the world’s largest copper producer. Valued at around SEK 300 million, the order is for Sandvik’s AutoMine® load and haul automation system to be … Read the full press release
Posted in Business, Industrial, Metals and Minerals, Sweden, Technology, Transportation & Logistics
Tagged Andesita project, automation system, AutoMine®, Chile, Codelco, copper producer, Copper Production, El Teniente mine, Johannes Hellström, load and haul automation system, Louise Tjeder, Mats Eriksson, mining automation, Sandvik, Toro LH621i loader
(IN BRIEF) Outokumpu has successfully concluded its share buyback program, announced on November 29, 2023, with a total expenditure of EUR 45,669,553.67 million. Under this initiative, Outokumpu repurchased 11,000,000 of its own shares, representing approximately 2.4% of the company’s total … Read the full press release
Posted in Business, Financial, Finland, Industrial, Investment, Metals and Minerals
Tagged Annual General Meeting, Capital reduction, convertible bonds, corporate finance, corporate strategy, equity financing, Financial News, Investor Relations, Multilateral Trading Facilities, Nasdaq Helsinki, Outokumpu, share buyback, share repurchase program, Stock Market, treasury shares
(IN BRIEF) In a recent update, Outokumpu has successfully concluded its share repurchase program, acquiring a total of 269,993 shares across various trading venues. The buyback initiative, initially announced on November 29, 2023, authorized by the Annual General Meeting, aimed … Read the full press release
(IN BRIEF) Outokumpu, a leading stainless steel manufacturer, has successfully concluded its share repurchase program, acquiring a total of 71,000 of its own shares across trading venues CEUX and XHEL. The company initiated the buyback program on November 29, 2023, … Read the full press release
Posted in Business, Economy, Financial, Finland, Industrial, Investment, Management, Metals and Minerals, News
Tagged Financial, investment, OUTOKUMPU OYJ, Shares Buyback Program
(IN BRIEF) Effective March 1, 2024, Dr. Denis Hinz will assume the role of Head of SGL Carbon’s Carbon Fibers Business Unit, succeeding Roland Nowicki, who will depart from the company on May 31, 2024, to pursue new endeavors. Nowicki, … Read the full press release
(IN BRIEF) Outokumpu has concluded its share repurchase program, acquiring a total of 60,404 of its own shares across various trading venues, amounting to EUR 249,067.53. This move follows the announcement of a share buyback program of up to 11 … Read the full press release
Posted in Business, Economy, Financial, Finland, Industrial, Investment, Management, Metals and Minerals, News
Tagged Financial, investment, OUTOKUMPU OYJ, Shares Buyback Program
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