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 Valutrax Paul Ward, Executive Head...
Pursuing Low-Carbon Technology in Mining Rio Tinto, a global mining group, has revealed its participation in China’s transition to a low-carbon economy, highlighting its exploration of innovative technologies during the 6th China International Import Expo. Strategic Partnerships and Technology Focus The company has been deepening its engagement with the Chinese market, evidenced by a memorandum of cooperation ensuring its involvement...
Bilateral Trade and Legislative Opportunities In the face of criticism from the European Union and Canadian entities, the Inflation Reduction Act (IRA) and the Defense Production Act (DPA) still carve out opportunities for Canadian businesses, considering them “domestic” sources for critical mineral procurement. This comes as the United States aims to diversify away from China-dominated supply chains in the production...
Innovations in Decarbonization Aurubis, the multinational metal manufacturer, has completed a series of tests using ammonia as an alternative to natural gas for energy in its Hamburg facility. This marks a significant step in their decarbonization strategy, focusing on carbon-free energy sources in the push toward carbon-neutral production. A Shift Towards Hydrogen The company tested ammonia as a potential energy...
Major Developments on the Horizon Adani Group has committed to an investment of approximately $48 billion (Rs. 4-lakh crore) for both ongoing and upcoming projects over the next six years at Mundra in Gujarat’s Kutch region. The initiative includes the establishment of a berth for copper ore, a copper smelter plant, a green hydrogen project, and renewable energy ventures, as...
Significant Progress Amid Renewable Energy Goals The Flat Rocks Wind Farm project in Western Australia, under BHP Nickel West’s directive, has reached a notable phase with the installation of more than half of its planned 18 wind turbines. This advancement is part of BHP’s broader initiative to integrate renewable energy into its operations. Project Specifics and Stakeholder Collaboration The Flat...
Ongoing Developments Nornickel is set to proceed with augmenting production and port capacities at the Dudinka port in the Krasnoyarsk region, as disclosed by Nikolay Utkin, the Senior Vice President and Head of the Norilsk Division. This initiative is part of a broader strategy to enhance operational efficiencies and meet increasing demand. Dudinka, recognized as Russia’s most northern international seaport,...
Investing in a Sustainable Future Aluminum producer Talum is set to establish a smart factory dedicated to slugs and discs, signaling a major step in its commitment to environmental sustainability. This initiative, part of the Kidričevo-based firm’s broader green transformation strategy, involves an investment of EUR 38 million. Financial Backing by NKBM The NKBM bank has announced its intention to...
Baiyin Non-Ferrous Metals has announced a series of strategic agreements, aiming to enhance its resource security and technological prowess, during a recent conference in Hebei Xianghe. Strategic Collaborations Baiyin Non-Ferrous initiated partnerships focusing on copper resources with entities like Rio Tinto Group and Haiming Group. Additionally, it embraced technological innovation by allying with the Institute of Process Engineering, Chinese Academy...
Closure of Historic Copper Infrastructure Telefónica is set to conclude operations at its San Marcial copper plant located in San Sebastián’s historic center, marking a significant shift in the region’s telecommunications infrastructure. The National Markets and Competition Commission (CNMC) confirmed that the facility, notable for being the last in Telefónica’s network without a prior closure date, will cease operations on...
