Eurobench.com

voda 23 september 2022 06:55

0

Rio Tinto & Shougang Sign MoU for Steel Decarbonisation

Strategic Research Institute
Published on :
23 Sep, 2022, 6:41 am

Rio Tinto and Shougang have signed a Memorandum of Understanding to promote research, design and implementation of low-carbon solutions for the steel value chain. The MoU’s focus areas include low-carbon sintering technology, blast furnace and basic oxygen furnace optimization, and carbon capture and utilization. This partnership with Shougang underlines Rio Tinto’s strategic commitment to partner with customers on steel Decarbonisation pathways and to invest in technologies that could deliver reductions in steelmaking carbon intensity.

Initial efforts will be focused on, but not limited to, BF slag heat recovery, BOF slag utilization, CCU and low-carbon sintering technology.

The MoU builds on the nearly 30-year relationship between Rio Tinto and Shougang as trade and technical partners. The two companies will work together, leveraging their respective strengths in research and development, technologies, processes, equipment, logistics and industry coordination to support their shared objectives of limiting the impacts of global climate change and reducing carbon emissions.

Founded in 1919, Shougang Group is one of China’s oldest industrial enterprises. In China’s 14th Five-Year Plan period (2021-2025), Shougang has committed to accelerating the adoption of innovative solutions to contributing to China’s duo carbon goals. The company has identified four areas of focus, including process optimization and energy efficiency improvement, clean energy and CCUS technology development, recycling and green product development, and low-carbon cross-sector partnership development.

voda 26 september 2022 07:52

0

Rio Tinto Joins First Movers Coalition for Decarbonization

Strategic Research Institute
Published on :
26 Sep, 2022, 5:30 am

Rio Tinto announced that it will join the First Movers Coalition, a global initiative to help commercialise zero-carbon technologies by harnessing purchasing power and supply chains. Rio Tinto Chief Commercial Officer Mr Alf Barrios said “We want to bring Rio Tinto’s considerable buying power to help build sustainable supply chains for emerging green technologies. The low-carbon transition is at the heart of our business strategy and success will require large scale of change throughout the value chain, which our pledges to the First Movers Coalition are aimed at supporting. As a member of the First Movers Coalition, we also look forward to building on our existing network of partnerships to support the development of new technologies to help power our way to a net-zero future.”

The initiative is led by the World Economic Forum and the US Government and targets sectors including aluminium, aviation, chemicals, concrete, shipping, steel, and trucking, which are responsible for 30% of global emissions. This is expected to rise to over 50 per cent by mid-century, unless there is urgent progress on clean technology innovation. More than 50 companies with a collective market value of about USD 8.5 trillion across five continents now make up the coalition to create early markets for innovative clean energy technologies.

voda 29 september 2022 08:08

0

BHP Inks Solar Power PPA Alinta Energy for Port Hedland

Strategic Research Institute
Published on :
29 Sep, 2022, 5:30 am

BHP expects to halve emissions from the generation of electricity used to power its WA Iron Ore port facilities in Port Hedland by the end of 2024, following the signing of a large-scale renewable Power Purchase Agreement with Alinta Energy. This Power Purchase Agreement between BHP and Alinta will see the construction and connection of a 45MW solar farm and 35MW battery energy storage system into Alinta Energy’s existing Port Hedland power station, approximately 14km from BHP’s port facilities.

The construction of the solar farm, subject to final regulatory approvals, is expected to begin in December 2022 and create 200 jobs. Alinta and BHP are committed to maximising local and Indigenous content, including opportunities for local, Pilbara Aboriginal and Kariyarra Traditional Owner businesses.

Once completed, it is expected that 100 per cent of the forecasted average daytime energy requirements for BHP’s port facilities will be powered by solar generation, with the remaining power requirements to be met through the integrated battery energy storage system and market access to Alinta Energy’s existing gas fuelled power station facilities.

The halving of reported emissions, based on current forecast demand and compared with FY2020 reported emissions, will contribute to BHP’s medium-term target to reduce operational emissions by at least 30% from FY2020 levels by 2030 and our long-term goal of achieving net zero operational emissions by 2050.

voda 3 oktober 2022 08:16

0

Rio Tinto to Start Underground Mining at Kennecott Copper

Strategic Research Institute
Published on :
2 Oct, 2022, 4:52 pm

Rio Tinto has approved a USD 55 million investment in development capital to start underground mining and expand production at its Kennecott copper operations in Utah in United States. Underground mining will initially focus on an area known as the Lower Commercial Skarn, which will deliver a total of around 30kt of additional high quality mined copper through the period to 2027 alongside open cut operations. The first ore is expected to be produced in early 2023, with full production in the second half of the year. It will be processed through the existing facilities at Kennecott, one of only two operating copper smelters in the United States.

Kennecott holds the potential for significant and attractive underground development. The LCS is the first step towards this, with a Mineral Resource of 7.5 Mt at 1.9% copper, 0.84 g/t gold, 11.26 g/t silver, and 0.015% molybdenum identified based on drilling and a Probable Ore Reserve of 1.7 Mt at 1.9% copper, 0.71 g/t gold, 10.07 g/t silver, and 0.044% molybdenum[3].

Underground battery electric vehicles are currently being trialled at Kennecott to improve employee health and safety, increase productivity and reduce carbon emissions from future underground mining fleets. A battery electric haul truck and loader supplied by Sandvik Mining and Rock Solutions are being used to evaluate performance and suitability as part of underground development work.

voda 4 oktober 2022 07:54

0

BHP to Invest USD 12 Million to Boost Exploration in Peru

Strategic Research Institute
Published on :
3 Oct, 2022, 4:56 pm

As part of BHP's participation in the Perumin 35 mining summit, one of the most important conventions in South America, the president of BHP Minerals Americas, Mr Rag Udd has detailed the plans to expand the presence of the company in Peru through an investment of USD 12 million to strengthen its exploration program in the country. He said “Peru has conditions that are unique: geological wealth, a long mining tradition, and a stable macroeconomic scenario. At BHP we have a clear plan in Peru: we want to strengthen our presence in the country and be strategic partners in a region that has the potential to become an even bigger player on the world copper stage.”

In addition, the company launched its new BHP Xplor program, a global initiative that is looking for startups in early stages of exploration, to support and finance the discovery of minerals around the world. Peace of mind to respond to future demand for copper legal certainty, fiscal stability and clarity on the path to obtaining permits.

BHP has been present in Peru for more than 20 years and currently has multiple exploration projects in the territories of Ancash, Huancavelica, Ayacucho, Apurimac, Cusco and Arequipa. Since 2012 it has had an Exploration Office in Lima, and is one of the majority shareholders of Antamina with a 33.75% stake–, one of the main mining projects in the country.

voda 7 oktober 2022 15:43

0

Mijnbouwer BHP wil zeker nog 93 jaar kolen winnen in Australië
Updated Vandaag, 10:46
Vandaag, 08:45
in FINANCIEEL

MELBOURNE (ANP/BLOOMBERG) - Mijnbouwer BHP heeft een aanvraag gedaan bij de Australische overheid om een kolenmijn in Queensland nog maximaal 93 jaar open te kunnen houden.

Nog jaren kolen nodig, stelt mijnbouwer BHP. ANP / HH

De stap van BHP, dat de mijn samen met het Japanse Mitsubishi bezit, kan op verontwaardiging rekenen van milieugroeperingen die het plan waanzin vinden.

„BHP’s stap om de levensduur van de Peak Downs-kolenmijn met 93 jaar te verlengen tot 2116 is waanzin”, stelde het Australasian Centre for Corporate Responsibility. „Welk deel van CO2-neutraal in 2050 snappen ze niet?”

BEKIJK OOK:
’EU moet schaarse metalen uit eigen bodem snel veilig stellen’

Australië heeft lang weinig gedaan aan klimaatplannen, maar de nieuwe regering heeft het doel gesteld dat het land in 2050 netto CO2-neutraal is. De grootste klanten van de fossiele brandstoffen die het land produceert, waaronder Japan en Zuid-Korea, hebben vergelijkbare doelen.

Ook kolen
Toch blijven Queensland en de federale overheid van Australië de uitbreiding van de mijnbouw steunen, inclusief kolen. De Australische economie verdient veel geld aan kolen.

Bij de Australische regering wachten nog dertig kolenprojecten op goedkeuring, afgezien van de verlenging van Peak Downs. Kolen uit die mijnen zouden volgens actiegroepen de uitstoot van 17 miljard ton koolstofdioxide veroorzaken en dat is meer dan de helft van de volledige mondiale uitstoot in 2021.

BEKIJK OOK:
’Grote prijsschokken in grondstoffen het nieuwe normaal’

De kolen uit de Peak Downs-mijn worden gebruikt voor het maken van staal. Hoewel er op kleinere schaal is aangetoond dat dit ook met waterstof kan, heeft BHP zich gericht op het afvangen van CO2. Het bedrijf denkt dat deze soort kolen nog tientallen jaren gebruikt zal worden in de staalindustrie.

BEKIJK OOK:
Zo treffen duurdere grondstoffen consument in portemonnee

www.telegraaf.nl/financieel/182267399...

voda 18 oktober 2022 07:18

0

Rio Tinto to Decarbonize RTFT & Boost Critical Minerals Processing

Strategic Research Institute
Published on :
18 Oct, 2022, 5:44 am

Rio Tinto is partnering with the Government of Canada to invest up to CAD 737 million over the next eight years to decarbonise its Rio Tinto Fer et Titane operations in Sorel-Tracy in Québec and to position the business as a centre of excellence for critical minerals processing. The partnership will support technological innovations that represent a first step towards reducing greenhouse gas emissions from RTFT’s titanium dioxide, steel and metal powders business by up to 70%. It will also progress initiatives to diversify RTFT’s product portfolio, reinforcing Rio Tinto’s leadership as a North American supplier of critical minerals for key growth sectors such as electric vehicles, 3D printing and aerospace. The partnership will support projects including:

The BlueSmelting project is an ilmenite smelting technology that could generate 95% less greenhouse gas emissions than RTFT’s current reduction process, enabling the production of high-grade titanium dioxide feedstock, steel and metal powders with a drastically reduced carbon footprint.

A demonstration plant is currently under construction at the RTFT metallurgical complex in Sorel-Tracy to test and validate this technology developed by scientists from Rio Tinto’s Critical Minerals and Technology Centre. Construction of the demonstration plant, which will have a capacity to process up to 40,000 tonnes of ilmenite ore per annum, is expected to be completed in the first half of 2023. If fully implemented, the BlueSmelting project has the potential to deliver a reduction of up to 70% in RTFT’s overall greenhouse gas emissions, a decrease of approximately 670,000 tCO2e based on 2021 emissions or the equivalent to removing 145,000 cars from the road.

After becoming the first North American producer of scandium, a critical mineral used in solid oxide fuel cells and aluminium alloys, earlier this year, Rio Tinto is planning to quadruple its production capacity to reach up to 12 tonnes of scandium oxide per year, from the current nameplate capacity of three tonnes. New modules will be added to the existing plant, which uses an innovative process to extract high purity scandium oxide from the waste streams of titanium dioxide production, without the need for any additional mining. The CAD 30-35 million project is expected to start producing scandium oxide in 2024.

Rio Tinto is partnering with other titanium industry participants to advance the development of a new process for extracting and refining titanium metal, a high-performance material used in the medical, aerospace, and automotive industries. Rio Tinto is setting up a pilot plant at the RTFT metallurgical complex to validate this low-cost process which requires no harmful chemicals and does not generate direct greenhouse gas emissions. The plant is expected to be completed by the end of 2023.

The Government of Canada is investing up to CAD 222 million over the next eight years to support these initiatives through its Strategic Innovation Fund, which supports large-scale, transformative, and collaborative projects that will help position Canada to prosper in the global knowledge-based economy.

voda 18 oktober 2022 07:19

0

Rio Tinto & Voltalia Join for Solar Power at Richards Bay Minerals

Strategic Research Institute
Published on :
18 Oct, 2022, 5:25 am

Richard’s Bay Minerals will be supplied with renewable solar power through an agreement with international energy company Voltalia and local Black Economic Empowerment partners, for its operation in KwaZulu-Natal, South Africa. Under the agreement, Voltalia will begin construction of the Bolobedu Solar PV renewable energy project in 2023, at a site in the province of Limpopo. The power plant is scheduled to be complete by 2024 and will deliver an annual generation capacity of up to 300GWh. It will feed into the national power grid to supply RBM’s smelting and processing facilities through a wheeling agreement.

The renewable power supply is expected to cut RBM’s annual greenhouse gas emissions by at least 10 per cent1, or 237kt CO2e per year.

Voltalia will work to ensure the Bolobedu Solar PV project creates local employment opportunities for the surrounding communities. A total workforce of more than 700 people is expected during construction, with a workforce of around 50 people once the plant becomes operational.

The project will also provide skills development opportunities for members of the surrounding communities, and a bursary programme for young local learners. In support of South Africa’s growing renewable energy sector value chain, Voltalia will work to source its goods and services locally.

The Bolobedu Solar PV power plant will be 51% black-owned through BEE partners, with a minimum 10% stake going to black women, while the host community will also have a participation.

voda 25 oktober 2022 06:24

0

Rio Tinto Releases Third Quarter Production Results

By Strategic Research Institute on Oct 23, 2022 07:17 am

Rio Tinto Chief Executive Mr Jakob Stausholm said “Delivering the full potential of our assets remains a priority: production improved versus the prior quarter across most of our sites, particularly where we have implemented the Rio Tinto Safe Production System. We progressed our excel in development objective, commissioning some major projects and advancing the next tranche of Pilbara mines, agreeing to enter a joint venture with Baowu to develop Western Range and modernising the joint venture covering the Rhodes Ridge project in the East Pilbara, unlocking a pathway to develop this significant, high quality resource. We also approved growth capital for underground mining at Kennecott, early works funding at Rincon Lithium and continue to progress Oyu Tolgoi. Our proposal to take Turquoise Hill Resources private has unanimous support of the Turquoise Hill Board who have recommended shareholders vote in favour of the transaction.

He added “We continue to deliver our strategy with decarbonisation at its centre. Last week we announced a partnership with the Government of Canada to invest up to CAD 737 million over eight years to decarbonise our Rio Tinto Fer et Titane operations in Québec, and to position the business as a centre of excellence for critical minerals processing.”

Uly-September 2022 Quarter

Pilbara iron ore shipments (100% basis) - 82.9 million tonne, down 1% YoY

Pilbara iron ore production (100% basis) - 84.3 million tonne, up 1% YoY

Bauxite - 13.7 million tonne, down 2% YoY

Aluminium - 759 KT, down 2% YoY

Mined copper - 138 KT, up 10% YoY

Titanium dioxide slag – 310 KT, up 48% YoY

IOC iron ore pellets and concentrate - 2.8 million tonne, up 28% YoY

voda 25 oktober 2022 06:30

0

Vale’s Iron Ore Production in Q3 Recovers by 21% QoQ

By Strategic Research Institute on Oct 24, 2022 10:04 am

Brazilian mining giant Vale said that its iron ore production increased 21% QoQ to 89.7 million tonnes in Q3 of 2022, reflecting the dry season in the Northern System and higher third-party ore purchases and production in the Southern System.

Sales of iron ore fines and pellets increased 6.0% QoQ to 77.6 million tonnes. The usual production-to-sales gap in Q3 resulted from transiting inventories across the supply chain, which Vale expects to revert in the next quarter, depending on market conditions.

Nickel production increased 51% q/q to 51.8 kt, as refineries came back from a maintenance period in 2Q22 and the conclusion of the furnace 4 rebuild at PTVI. Nickel sales increased 13% q/q, but lagged production due to sales commitments in 4Q22 during scheduled maintenance, low availability of containerships impacting Onça Puma and shipping congestion in the UK in 3Q22.

Copper production increased 33% q/q to 74.3 kt, following extended maintenance at Sossego mill in the first half of the year, better plant performance at Salobo in the quarter and the recovery of copper from copper precipitate holding facilities in North Atlantic operations. Copper sales were up 37% q/q, in line with higher production.

Uly-September 2022 Quarter

Iron ore - 89,701 million tonne, up 1.1% YoY

Pellets - 8,256 million tonne, down 1.0% YoY

Nickel - 51.8 million tonne, up 71.5% YoY

Copper - 74.3 million tonne, down 89.3% YoY

voda 25 oktober 2022 06:31

0

BHP Expects Global Macro-Economic Uncertainty in Short Term

By Strategic Research Institute on Oct 24, 2022 10:03 am

Mining giant BHP’s Chief Executive Officer Mr Mike Henry said “We have started the new financial year strongly, achieving safe and reliable operating performance. The first quarter included significant planned major maintenance in Western Australia Iron Ore, BHP Mitsubishi Alliance and Olympic Dam. Copper production was up nine per cent on the same quarter last year, with strong concentrator throughput at Escondida and record quarterly anode production at Olympic Dam. WAIO continued to perform strongly, with production up by 3% relative to the same period last year, and we managed through substantial rainfall and labour constraints in our coal assets with production only down marginally year on year. Our full year production and unit cost guidance is unchanged.”

The South Flank iron ore ramp-up and the Jansen potash project are tracking well, with work ongoing to bring forward first production from Jansen Stage 1 and accelerate Jansen Stage 2.

During the quarter, BHP struck a new agreement to supply our WAIO port facilities with renewable electricity, which is expected to halve GHG emissions from the electricity used, signed an MoU with India’s Tata Steel to collaborate on lower GHG emission steelmaking and announced a partnership with Pan Pacific Copper to reduce GHG emissions from maritime transportation, as we take further action to reduce GHG emissions from our operations and support decarbonisation of our suppliers and customers.

Mr Henry said “We expect global macro-economic uncertainty in the short term to continue to affect supply chains, energy costs, labour markets and equipment and materials availability. BHP remains well positioned, with a portfolio and balance sheet to withstand external challenges and a strategy positioned to benefit from the global mega-trends of decarbonisation and electrification.”

voda 25 oktober 2022 06:48

0

Rio Tinto to Modernize JV to Develop Rhodes Ridge Iron Ore

Strategic Research Institute
Published on :
25 Oct, 2022, 3:50 am

Rio Tinto (50%) and Wright Prospecting (50%) have agreed to modernise the joint venture covering the Rhodes Ridge project in the East Pilbara in Western Australia, home to one of the world’s largest and highest quality undeveloped iron ore deposits. The binding joint venture updates an existing agreement between the two parties dating back to 1972 and now provides a pathway for the development of the Rhodes Ridge deposits utilising Rio Tinto’s rail, port and power infrastructure.

The participants have commenced an Order of Magnitude study, conducted by Rio Tinto, which will consider the development of an operation before the end of the decade with initial plant capacity of up to 40 million tonnes annually, subject to the receipt of relevant approvals.

Rhodes Ridge contains 5.8 billion tonnes of high grade Mineral Resources at an average grade of 62.3% Fe. The project’s total resource, 6.7 billion tonnes at an average grade of 61.6% Fe, represents approximately one-third of Rio Tinto’s existing Resource base in the Pilbara.1 A resource drilling program is currently underway to support future project studies.

The joint venture will utilise Rio Tinto’s existing rail, port and power infrastructure, including the planned installment of 1 gigawatt of renewable power assets in the Pilbara.

The Rhodes Ridge project is located 40 kilometres north-west of Newman.

voda 27 oktober 2022 09:17

0

BHP Flat-Pack Iron Ore Cars to boost WA Manufacturing

Strategic Research Institute
Published on :
27 Oct, 2022, 3:52 am

An industry-first initiative to construct 140 ‘flat pack’ iron ore cars over the next four years in Perth will develop capability and boost Western Australia’s manufacturing sector, through a collaboration between BHP, UGL, QRRS and supported by the State Government. In an initial trial, BHP has shipped ore car components from QRRS’s factory in China to UGL’s Bassendean facility as ‘flat packs’, where the UGL team has assembled, welded and commissioned the cars before delivering them to BHP’s Pilbara operations.

For over a decade, iron ore cars have traditionally been built offshore. On average, BHP orders several hundred each year.

To date, five iron ore cars have been completed and delivered to the Pilbara. A further 15 are due to be built and delivered by February 2023. At least 12 UGL jobs have been sustained through the project.

Following the trial’s early success, BHP has committed to constructing an additional 120 cars over the next four years in WA, with the potential to create and sustain dozens more local jobs.

BHP is continuing to build local content through manufacturing and maintenance opportunities to ensure the local ore car supply chain is sustainable and competitive.

voda 28 oktober 2022 08:04

0

ArcelorMittal, Mitsubishi & BHP Sign Steel Decaronization Pact

Strategic Research Institute
Published on :
28 Oct, 2022, 5:51 am

World’s leading global steel and mining company ArcelorMittal, carbon capture technology pioneer Mitsubishi Heavy Industries Engineering, leading global resources company BHP, along with Mitsubishi Development Pty Ltd are collaborating on a multi-year trial of MHIENG’s carbon capture technology with ArcelorMittal, following the signing of a funding agreement between the parties. The companies will also conduct feasibility and design study to support progress to full scale deployment.

There are no full scale operational CCUS facilities in blast furnace steelmaking operations at present, with only a limited number of small capacity carbon capture or utilisation pilots underway or in the planning phases globally. However, later this year ArcelorMittal Gent will commission its Steelanol project, a scale demonstration plant that will capture carbon-rich process gases from the blast furnace and convert them into ethanol.

To further understand how carbon capture technology can be incorporated into existing steel plants, ArcelorMittal is facilitating the trial at its five million-tonnes-a-year steel plant in Gent, Belgium, and at another location in North America, with MHIENG supplying its proprietary technology and supporting the engineering studies. BHP and Mitsubishi Development, as key suppliers of high-quality steelmaking raw materials to ArcelorMittal’s European operations, will fund the trial that is anticipated to run for multiple years. In Gent, the trial will have two phases. The first phase involves separating and capturing the CO2 top gas from the blast furnace at a rate of around 300kg of CO2 a day, a technical challenge due to the differing levels of contaminants in the top gas. The second phase involves testing the separating and capture of CO2 from the offgases in the hot strip mill reheating furnace, which burns a mixture of industrial gases including coke gas, blast furnace gases and natural gas.

The parties plan to install the mobile test unit in one of ArcelorMittal’s North American Direct Reduced Ironplants, to test MHIENG’s technology in this steelmaking route.

voda 7 november 2022 09:31

0

BHP & Rio Tinto to Collaborate on New Tailings Technology

Strategic Research Institute
Published on :
7 Nov, 2022, 4:30 am

Global miners BHP and Rio Tinto have formed a partnership agreement to accelerate the development of technology that could significantly increase water recovery from mine tailings, and in turn reduce potential safety risks and environmental footprints associated with tailings storage facilities. The first project will involve testing the application of an innovative large-volume filter unit at a BHP copper mine in Chile, which would remove up to 80% of the water in the tailings stream before it is deposited in a storage facility.

Rio Tinto will bring its experience from implementing smaller-scale tailings filters for bauxite residues at alumina refineries since 2005. Both organisations will work in collaboration with leading technology and equipment providers, technical experts, research groups and the academic sector.

Manufacture of the filter unit is already underway. The pilot construction is due to begin in early 2023 and operations are scheduled to commence in early 2024. The pilot will test the potential of a large-scale tailings filter unit for scalability and cost-effectiveness across global mining operations.

Removing more water from tailings would reduce potential risks associated with moisture in storage facilities, reduce the footprint required by such facilities, and create opportunities to productively re-use tailings, for example, as raw material for glass, construction or agriculture industries.

The additional water recovered from tailings by filtration could be re-used in processing facilities, reducing overall water consumption.

Tailings usually takes the form of a liquid slurry made of fine metal or mineral particles and water – created when mined ore is crushed and finely ground in a milling process to enable the metals and minerals of interest to be extracted.

voda 8 november 2022 07:50

0

BHP Signs Renewable PPA with Neoen for Olympic Dam

Strategic Research Institute
Published on :
8 Nov, 2022, 4:30 am

Australian mining giant BHP has signed a renewable Power Purchase Agreement with Neoen, which is expected to meet half of Olympic Dam’s electricity needs from FY2026, based on current forecast demand, and allow Olympic Dam to record a net zero emission position for the contracted volume of supply.

The PPA is expected to supply 70 megawatts of electricity to Olympic Dam and will support Neoen to construct the 203MW Goyder South Stage 1b Wind Farm, assuming all relevant consents are obtained. This wind farm is to form part of the larger Goyder Renewables Zone in South Australia, and will introduce new renewable generation into the South Australian electricity grid.

In addition, Neoen will construct a large-scale battery energy storage system in Blyth, South Australia to support the PPA, which will also assist in improving the stability of the South Australian electricity grid.

This latest agreement follows commitments BHP has made in recent years, which have seen renewable electricity contribute to powering BHP facilities in Western Australia, South Australia, Queensland and Chile.

Neoen is one of the world’s leading independent producers of exclusively renewable energy. Neoen has close to 5.6 GW of solar, wind and storage capacity in operation or under construction across numerous countries, including Australia, Finland and France. Neoen has two of the world’s largest lithium-ion batteries: Hornsdale Power Reserve (150 MW / 193.5 MWh) near Jamestown, South Australia and the Victorian Big Battery (300 MW / 450 MWh) near Geelong, Victoria.

Goyder South Stage 1, consisting of Goyder South 1a and 1b, is the first stage of Neoen’s flagship project known as Goyder Renewables Zone - a hybrid wind, solar and storage project located in mid-north South Australia. Goyder South has development approval for a total of 1200 MW of wind generation, 600 MW of solar generation and 900 MW of battery storage capacity - making it South Australia’s largest renewable project.

voda 9 november 2022 07:43

0

BHP Completes 1000 Metre Deep Shafts at Jansen Potash Mine

Strategic Research Institute
Published on :
9 Nov, 2022, 4:30 am

Australian mining giant BHP’s team at Jansen potash mine in Canada recently celebrated the successful completion of the excavation and lining of the two 1000 metre deep shafts at the mine, the largest of their kind in Saskatchewan. It’s a big step towards bringing online the project which is planned to be the largest potash producing mine in the world, providing a rich source of potassium to keep soils fertile and maximise food production.

BHP worked with partners to leverage the latest technology and innovative solutions for this ambitious project, which marks the first instance of mechanized shaft sinking in the world and entails artificial ground freezing to a depth of 800 meters. This ground freezing technique prevents water inflow and ensures ground stability during shaft excavation. Once excavated, a primary and final liner created a waterproof seal to protect the shafts from underground aquifers.

The shafts are one of the most technically risky parts of developing a Greenfield project like Jansen and their completion will significantly reduce the development risk. Larger diameter shafts like these, 7.3 metres in diameter, require outfitting only one shaft for stage 1, significantly reducing upfront capital. For future stages, the same two shafts enable options for multiple sequenced brownfield expansions of more than 16 million tonne per annum production, subject to business and regulatory approval.

voda 14 november 2022 07:25

0

Rio Tinto & Yindjibarndi People Strengthen Ties with Updated Pact

Strategic Research Institute
Published on :
13 Nov, 2022, 12:30 pm

Australian mining giant Rio Tinto and Yindjibarndi Aboriginal Corporation have signed an updated agreement aimed at strengthening ties and delivering improved social and economic outcomes for the Yindjibarndi people for generations to come. The updated agreement, delivered as part of Rio Tinto’s commitment to modernise its relationships with Traditional Owners, was signed on Yindjibarndi Country at Jirndawirrinha (Millstream), a location that is central to the Yindjibarndi people’s identity and spiritual beliefs, holding an important story about Barrimirndi, the Dreamtime serpent that travelled from the sea to the desert.

Rio Tinto’s rail network, which connects its Pilbara mines to ports at Cape Lambert and Dampier in Western Australia, traverses through Yindjibarndi Country. YAC is the representative body for the Yindjibarndi people, which Rio Tinto has held a Participation Agreement and Indigenous Land Use Agreement with since 2013.

The agreement builds on this partnership and reflects a deeper commitment to work together to create more opportunities for Yindjibarndi people to participate in Rio Tinto’s operations, including direct and indirect employment opportunities, and build sustainable long-term benefits to the community.

Part of the agreement includes support for YAC to deliver the outcomes of its 3C Strategy, which is focussed on developing Community, Commercial and Culture projects and programmes to assist YAC to fulfil its aspirations of self-determination. These programs support the Yindjibarndi people's aspirations to build capacity and capability, as well as support initiatives that will preserve, sustain and celebrate culture.

Rio Tinto continues to work with YAC to develop a new model to inform the co-management of Country and decision-making in relation to Rio Tinto activities on Yindjibarndi country, with plans to implement it in 2023.

Approximately 350 kilometres of Rio Tinto’s railway line traverses through Yindjibarndi Country. Rio Tinto has no mining activities on Yindjibarndi Country. YAC’s 3C Strategy aims to help build resilient and prosperous communities through community groups and funds, while developing strategic business partnerships, including in mining and energy industries, to create a successful model for self-determination that supports and benefits all Yindjibarndi members.

voda 21 november 2022 07:09

0

Rio Tinto, BHP & FMG Launch Program for Safer Workplaces

Strategic Research Institute
Published on :
21 Nov, 2022, 5:34 am

Australian iron ore miners Rio Tinto, BHP and Fortescue are launching an innovative pilot program aimed at helping to eliminate disrespectful behaviour in the resources industry including sexual harassment, bullying and racism. The launch comes after the three companies formed a partnership in October last year as part of their combined response to reports of unacceptable sexual harassment in the mining industry.

The three companies have worked together with leading experts to design and develop the industry-first program aimed at educating new entrants to the sector.

The evidence-based program will educate participants about the impact of sexual harassment, bullying and racism, including how to recognise and report these behaviours.

The Building Safe and Respectful Workplaces pilot program, project managed by the Australian Minerals and Energy Skills Alliance (AUSMESA), will be delivered on November 15 and 16 by experienced facilitators from Griffith University.

The pilot program will be completed by 30 volunteers who are currently undertaking apprenticeships or traineeships with the three companies.

The results of the pilot will be fully evaluated and feedback from the participants will be used to finalise the learning program.

It is intended the program will be delivered from early next year with a particular focus on new entrants to the mining industry.

As part of an ongoing commitment to educate about respectful behaviour, the companies will engage across industry and education providers on how to broaden the reach of the program.

It is anticipated the training course will be made available to other industries in the future through a range of education pathways.

voda 22 november 2022 08:35

0

Rio Tinto Inproves offer for Turquoise Hill Resources

Strategic Research Institute
Published on :
22 Nov, 2022, 5:40 am

Rio Tinto said that it has carefully considered the concerns raised by minority shareholders of Turquoise Hill Resources in relation to the dissent and dispute resolution provisions in the agreements it entered into with certain funds and other entities related to Pentwater Capital Management and SailingStone Capital Partners that were previously announced on 1 November 2022. Rio Tinto in good faith has been negotiating with the Special Committee of Turquoise Hill on comparable provisions for other minority shareholders. However, notwithstanding the parties best efforts, those negotiations have been unsuccessful.

Rio Tinto has now agreed to terminate the Agreements with the Named Securityholders. While Rio Tinto’s proposed transaction to acquire, byway of a plan of arrangement, the approximately 49% of the issued and outstanding shares of Turquoise Hill that Rio Tinto does not own for CAD 43.00 per share in cash will proceed, there is no assurance that any of the Named Securityholders will continue to withhold their vote or whether any of them will vote for or against the Arrangement.

To further support the Proposed Transaction, Rio Tinto irrevocably commits to:

Waive the 12.5% dissent condition in respect of the Arrangement, provided that Turquoise Hill shares for which dissent is validly exercised do not exceed 17.5% of Turquoise Hill shares outstanding;

Pay CAD 34.40 per share to any Turquoise Hill shareholder who validly dissents and elects to receive such amount, within two business days of the effective date of the Arrangement

Pay to an Electing Shareholder interest at the Canada 1 Year Treasury Bill Yield on any balance of “fair value” that becomes payable under the dissent process over and above the Upfront Payment up to CAD 43 per share calculated from the Effective Date to the date of payment, provided that no other interest shall be payable to an Electing Shareholder in respect of any fair value payment

Allow any oppression claims by any Turquoise Hill minority shareholders, including Electing Shareholders, against Turquoise Hill, Rio Tinto or their respective affiliates, to survive the Arrangement and be pursued following the Effective Date, where such claims are served on or provided to Turquoise Hill and Rio Tinto no later than seven days following the Effective Date.

AEX 882,63 +12,36 +1,42% 26 apr


Germany40^	18.177,90	+1,45%
BEL 20	3.874,87	+0,44%
Europe50^	5.011,70	+0,10%
US30^	38.211,61	0,00%
Nasd100^	17.698,09	0,00%
US500^	5.095,29	0,00%
Japan225^	38.345,55	0,00%
Gold spot	2.337,95	0,00%
EUR/USD	1,0693	-0,34%
WTI	83,64	0,00%

EBUSCO HOLDING	+9,33%
NX FILTRATION	+8,77%
ASMI	+7,26%
Alfen N.V.	+5,89%
PostNL	+3,82%

SIGNIFY NV	-11,28%
Wereldhave	-7,62%
AMG Critical ...	-5,77%
IMCD	-4,90%
ABN AMRO BANK...	-4,19%

Koffiekamer « Terug naar discussie overzicht

Mijnen,Rio...bhp

Meedoen aan de discussie?

Direct naar Forum

Markt vandaag

Aandelenadviezen van IEX.nl

Stijgers

Dalers

Nieuws Forum