State-owned Saudi Arabian Mining Co. (Ma’aden) has agreed to form a joint venture with the kingdom’s sovereign wealth fund to invest in mining assets globally, reported Reuters. Ma’aden will own 51% in the venture while the Public Investment Fund will own 49%, the company said in a regulatory filing. The miner said the new venture’s strategy “will initially be to…
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Metso Outotec is launching Optimus Sinter, a digital optimizer for iron ore sintering plants. The new tool facilitates improved sinter plant process performance and stability by holistically optimizing the overall sintering processes. Optimus Sinter is one of Metso Outotec’s leading-edge digital solutions to ensure the optimal operation and maintenance of iron ore sintering plants. A sophisticated thermodynamic model forms the…
Read MoreAustralian specialty engineer Duratec has been selected for a A$48 million wharf remediation works contract for BHP WA Iron Ore. Full article.
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Anglo American’s Kumba Iron Ore arm has publicly confirmed a force majeure from South African rail and port services company Transnet SOC due to a strike action by its unions. The miner said it was notified on 7 October, and the interruption is expected to impact its production to the tune of about 50,000 tonnes per day for the first…
Read MoreRio Tinto’s Guinea subsidiary has formed an infrastructure joint venture with Winning Consortium Simandou (WCS) and the Guinean government to further progress on the undeveloped Simandou iron ore project in Nzérékoré. “The incorporation of La Compagnie du TransGuinéen with our partners underscores the importance of the Simandou resource in today’s decarbonizing world, and its development will complement Rio Tinto’s strong…
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Australian miner Sundance Resources has filed a Memorial of Claim with the International Chamber of Commerce against the Republic of Congo as part of an ongoing iron ore dispute. Sundance is seeking $8.8 billion in damages over the Mbalam-Nabeba iron ore project, which spans the border between Congo and Cameroon. The company has yet to begin mining due to legal…
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Metso Outotec has received a 30 million Euro order for the delivery of engineering and key equipment for a large iron ore grate kiln pellet plant for Jindal Steel and Power in India. Read full article on The Asia Miner.
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In an attempt to control fast rising prices and ensure market stability, China has begun creating a centralised platform for all purchases of iron ore, reported Bloomberg. View full article from The Asia Miner.
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Making the next move in its mission to reduce its operational emissions, BHP will take delivery in late 2023 on four electric locomotives it is purchasing for its Western Australia Iron Ore (WAIO) rail network in the Pilbara region. Read full article from The Asia Miner.
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Contractor engineer NRW has been awarded a five-year, A$702 million mining services contract with Karara Mining for its namesake iron ore mine in the Shire of Perenjori, Western Australia.
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