A consortium led by Glencore agreed in November to acquire Teck Resources’ steelmaking coal unit for $9 billion, marking one of the largest deals in the mining sector, according to Reuters. Glencore will own 77% of the business in a $6.9 billion cash deal, while 20% will go to Japan’s Nippon Steel Corp., which already holds a 2.5% stake. South…
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Wabtec unveils Generation 3 CAS
Wabtec Digital Mine has launched its latest Generation 3 Collision Avoidance System (CAS) to enhance safety and productivity, as well as provide a new level of performance with a rules and intelligence capability. The Generation 3 CAS incorporates a brand new, cleaner, simpler user interface with context-based voice alerts that have been built using the latest human factor design. It…
Read MoreGlencore to receive copper concentrate from Marathon
Generation Mining and Glencore have finalized an offtake term sheet for polymetallic copper concentrate to be produced at the former’s Marathon palladium-copper project, located near Marathon, Ontario. Under the term sheet, Glencore will purchase an average of 50% of the total copper concentrate to be produced from Marathon. It is expected that production from the project will be treated by…
Read MoreCanada blocks Sukunka project
Glencore’s plan to develop the Sukunka steelmaking coal project in Western Canada has hit a major hurdle: the government’s rejection. “After careful deliberation, the Government of Canada has determined the significant adverse environmental effects of the proposed Sukunka coal mine project, an open-pit metallurgical coal mine located near Tumbler Ridge, British Columbia, could not be mitigated,” the government said. Similarly,…
Read MoreStrike ends at Glencore’s Raglan
After more than 100 days, more than 630 union workers at the Glencore Raglan operation in Quebec, the province’s largest nickel mine, are headed back to work with a new contract. The new collective agreement between the operator and the United Steelworkers Local 9449, which represents production and maintenance staff at the Nunavik site, extends for five years and includes…
Read MoreGlencore picks Epiroc for all-electric Onaping
Epiroc has won a large order from Glencore to supply battery electric and automation equipment to the Onaping Depth nickel and copper project in Ontario, Canada, that is set to begin production in 2024. While financial details were not released by the OEM, it did confirm that it defines a larger order as one that exceeds SEK 100 million. The…
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