Canadian miner Baffinland Iron Mines has entered a memorandum of understanding (MoU) with thyssenkrupp Steel Europe AG to expedite the development of high-quality feedstock for green and low-carbon steel production. Baffinland’s Nunavut high-grade iron ore will be used in the German steelmaker’s tkH2Steel project where thyssenkrupp’s coal-based blast furnaces will be replaced by hydrogen-based direct reduction modules. The iron produced…
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Executive Q&A: FLSmidth’s Mikko Keto
In an interview with NAM, FLSmidth group CEO Mikko Keto discusses the landmark 2022 takeover of TK Mining and its impact on the company now and into the future. Edited by Donna Schmidt Last August, global processing company FLSmidth closed its takeover of thyssenkrupp’s mining business TK Mining after a months-long process. While no financial details were released, it was…
Read MoreFLSmidth to acquire thyssenkrupp mining business
FLSmidth has come to an agreement with thyssenkrupp to acquire the latter’s mining technologies business in a EUR325 million deal.
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