Assan Aluminyum, a prominent figure in the flat-rolled aluminum industry, has embarked on a significant stride towards sustainability and increased production capacity. The company has secured a $90 million green loan from the International Finance Corporation (IFC) to back its ambitious multi-year investment program focused on sustainable growth. This initiative marks a significant move towards...
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A collaborative effort between Russian and Belarusian scientists has led to the development of substances capable of inhibiting the growth of cancer cells, offering new hope to patients battling a dangerous form of breast cancer. During their research, the team synthesized new drugs based on platinum and palladium. They crafted structures designed to interact with...
READ MORERussia is poised for a significant technological breakthrough within the next three years with the launch of the world’s first nuclear reactor utilizing liquid aluminum as a coolant. Announced by Rosatom’s CEO, Alexey Likhachev, during a “government hour” session in the State Duma, this innovative project promises to make natural resources for nuclear energy virtually...
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Kupper, a Skolkovo resident company within the VEB.RF group, has made a significant leap in the mining and processing equipment sector by developing and commencing the production of an innovative gear oil. This new product, designed to replace imported gear oil, promises to double the service life of rock crushing equipment, marking a pivotal advancement...
READ MOREDuring a recent working visit to the Krasnoyarsk Territory, Russian Deputy Prime Minister Victoria Abramchenko, alongside regional head Mikhail Kotyukov, toured the Krasnoyarsk Aluminium Smelter (KrAZ), owned by Rusal Krasnoyarsk. The visit highlighted substantial advancements made at the facility over the past three years to enhance its environmental performance. Evgeny Kuryanov, Managing Director at KrAZ,...
READ MORENovelishas taken a significant step towards achieving carbon-neutral production. The company has entered into a long-term green energy supply contract with Statkraft, Europe’s largest producer of renewable energy. This agreement will provide approximately 16 percent of the electricity needs of Novelis’ German operations with 100 percent renewable energy. The contract is set to cover up...
READ MOREThe Xunta de Galicia is nearing the completion of the processing for two additional wind farms, adding to a series of renewable energy projects aimed at supplying power to the Alcoa industrial complex in A Mariña, Lugo. This update comes after the authorization of construction permits for a dozen wind farms intended to energize the...
READ MORENornickel is pivoting towards Russian tech expertise, partnering with RED SOFT and Bazalt SPO to bolster its IT infrastructure with local software solutions. This strategic shift is in response to the departure of foreign tech companies from Russia, prompting Nornickel to explore local alternatives for essential IT services, including operating systems and network management tools....
READ MOREThe Lobito Atlantic Railway Corridor, a strategic rail line connecting crucial African mines to the Atlantic port of Lobito in Angola, is set for a significant boost with a $250 million investment from the Biden administration aimed at its revitalization. This century-old railway is also part of a broader initiative, including a study to extend...
READ MOREThe Pentagon is venturing into a new realm with its ambitious AI-based program, aimed at estimating prices for critical minerals. This groundbreaking initiative, led by the Defense Advanced Research Projects Agency (DARPA), seeks to create a more transparent pricing model in response to the complexities of current global markets. Despite having a strategic germanium stockpile,...
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AI is poised to revolutionize the development of new battery materials, with expectations of halving the time required for innovation, as reported by the Financial Times on January 24, 2024. Key insights from the report include: (A) Umicore and Microsoft Collaboration: (B) Microsoft and Pacific Northwest National Laboratory: (C) Global Competition and AI in the...
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A team of Russian scientists, led by Professor Dmitry Shtansky from NITU MISIS (Moscow), has developed a groundbreaking aluminium-based composite material. This new composite not only rivals the strength of steel but is also three times lighter and exhibits superior plasticity compared to similar materials. This innovation holds significant potential for applications in the automotive...
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Emirates Global Aluminium (EGA), an industrial company in the United Arab Emirates, has partnered with social enterprise Nadeera to introduce a new recycling solution in communities close to its Jebel Ali plant. Yalla Return, developed by Nadeera, is a platform designed to enhance recycling efforts among consumers. It utilizes technology as a tool for community...
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Patent Application for Advanced Detection System Novelis, a company based in the USA, has filed a patent application for a new system designed to detect metal separation from casting molds. This patent, filed on December 19, 2022, is identified under the application number 202217073473 A and falls within the international classification numbers B22D 11/049, B22D...
READ MORENew Regulatory Amendment Published The Official State Gazette has officially published an amendment to the Royal Decree regulating renewable facilities’ network access and connection rights. This critical update introduces a new scoring system favoring projects that, despite lacking necessary permits, have received a favorable environmental impact statement (EIS). Implications for Lugo’s Wind Farms This amendment...
READ MOREExclusive Access for Qualified Investors, with Plans for Wider Availability Nornickel’s digitalisation firm, GPF Investments (GPFI), has launched a new range of digital tokens linked to platinum group metals, including platinum, palladium, ruthenium, and iridium, the top palladium miner said in a statement on Thursday. Currently, these tokens are available only to qualified investors, identified...
READ MORERio Tinto’s Strategic Move into Aluminum Recycling Rio Tinto Ltd.’s $700-million investment for a 50% stake in Brampton, Ontario-based Matalco Inc., an aluminum recycler, marks a strategic shift for the mining giant. Though a small fraction of Rio’s annual income, this investment fills a critical gap in its aluminum business. CEO Jakob Stausholm views this...
READ MOREInvestment and Collaboration HET Hydrogen, a subsidiary of CINIC, has received strategic investment from Anglo American, a globally recognized leader in the mining industry. This partnership marks a significant step in the advancement of hydrogen production from electrolytic water, aimed at supporting decarbonization efforts in the transportation, chemical, and steel industries. Technological Advancements and Commercialization...
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Potential of Renewable Energy in Africa Yemi Osinbajo, Nigeria’s former Vice President and global advisor of the Global Energy Alliance for People and Planet (GEAPP), highlighted the significant potential of renewable energy in reducing energy costs and carbon emissions in Africa. He made these remarks during his address at New York University’s Abu Dhabi Campus....
READ MOREA Decade-Long Green Energy Initiative Aludium, inheriting the Alcoa plant in Amorebieta, has embarked on a significant renewable energy venture. The aluminum manufacturer, recently acquired by Jupiter Aluminum, announced a 10-year power purchase agreement (PPA) with Statkraft, Europe’s largest renewable energy producer, and Fortia Energía, a prominent supplier in the Iberian electricity market. This strategic...
READ MORETransition to Eco-Friendly Energy Rio Tinto, a prominent British mining company, has announced its plan to switch to renewable diesel fuel for its fleet of trucks and heavy machinery at the Kennecott copper mine in the United States, starting in 2024. This transition to renewable fuel, which is produced in the U.S. from bio-based materials,...
READ MOREA significant technological advancement has been achieved by Heraeus and Sibanye-Stillwater in the field of hydrogen production. They have developed a new, stable ruthenium-based catalyst for Proton Exchange Membrane (PEM) water electrolysis. This development marks a major step in increasing the sustainability of hydrogen production by reducing reliance on iridium. Key Aspects of the Development...
READ MOREInnovative Step in Mining Technology Minera Lomas Bayas, celebrating its 25th anniversary, has embarked on a significant technological advancement by initiating the operation of autonomous trucks. This development is part of the company’s Lomas Lab initiative, which focuses on digitalization and automation of production processes. Details of the Autonomous Truck Project The operation of these...
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Launch of Valutrax Anglo American has announced the launch of Valutrax, a new digital traceability solution. This innovative platform is engineered to offer comprehensive information on the provenance of products, enhancing transparency from the source to the customer. Valutrax integrates key provenance and sustainability indicators to trace the journey of metals and minerals. Objective of...
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