Schneider Electric has partnered with Glencore, one of the world’s largest globally diversified natural resource companies, to transform its copper supply chain and enhance decarbonization efforts. S&P Global estimates that demand for copper will double by 2035, driven by electrification and the clean energy transition. Balancing this demand with the transition to more sustainable practices is one of the mining…
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Glencore foregoes coal spinoff
Glencore said it will not spin off its coal business after securing backing from the majority of its investors, according to Reuters. The miner had been debating on whether to keep the coal assets or spin them off after it purchased the majority of Teck Resources’ steelmaking coal business in July. Retaining the coal assets “offers the lowest risk pathway…
Read MoreCanada to invest $10M in critical minerals mining
Canada’s Minister of Energy and Natural Resources has announced two investments of C$5 million each to the Mining Innovation Rehabilitation and Applied Research Corp (MIRARCO) and Electra Battery Materials to support the country’s critical minerals sector. “Today’s total investment of $10 million to Electra and MIRARCO will help to advance the development of dynamic and competitive critical minerals value chains…
Read MoreGlencore-led group nabs Teck coal unit
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…
Read MoreWabtec 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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