I Bytes Resources industry

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I-Bytes
Resources
January Edition 2021
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Table of Contents
1. Financial, M & A Updates...................................................................................................................................1
2. Solution Updates..................................................................................................................................................5
3. Rewards and Recognition Updates...................................................................................................................12
4. Customer Success Updates................................................................................................................................21
5. Partnership Ecosystem Updates.......................................................................................................................22
6. Environment & Social Updates........................................................................................................................33
7. Miscellaneous Updates......................................................................................................................................40

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Financial, M & A
Updates Resources Industry

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Financial, M&A Updates
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International Paper Reaches Agreement to Sell Its Corrugated Packaging
Business in Turkey
International Paper has entered into an agreement to sell its 90.38% ownership interest in Olmuksan International
Paper to Mondi Group for approximately €66 million. The Olmuksan business includes corrugated packaging
facilities in Turkey with an approximate annual revenue of TRY1,093 million (€150 million). The transaction is
expected to close in the first half of 2021, subject to certain closing conditions and regulatory approvals. This action
is in line with International Paper's strategy to serve markets from an advantaged position. Corrugated packaging
remains a strategic business for International Paper in EMEA.
Description
1

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LafargeHolcim (Switzerland) to acquire Firestone Building Products from
Bridgestone Americas
LafargeHolcim has signed an agreement to acquire Firestone Building Products ,a leader in commercial roofing and building envelope solutions based in
the United States , with 2020 (est.) net sales of USD 1.8 billion and EBITDA of USD 270 million. This acquisition is a milestone in LafargeHolcim’s
transformation to become the global leader in innovative and sustainable building solutions. This transaction is valued at USD 3.4 billion, to be financed
with cash and debt while maintaining net debt below 2x. Synergies of USD 110 million per year are expected on a run-rate basis within two years of closing,
which is expected in the second quarter. The acquisition is earnings per share (EPS) accretive from the first year. Urbanization trends are accelerating the
development of the flat roof market, currently estimated at around USD 50 billion globally. By entering this attractive new business, LafargeHolcim will
deliver above-market growth, driven by innovative technologies and branding. It will also benefit from FSBP’s position in the high-growth repair and
refurbishment segment, accounting for the majority of its sales , With up to 60% of buildings’ energy lost through roofs, FSBP plays an instrumental role
in mitigating this process, with its industry-leading technologies, including cool roofs, insulation and waterproofing systems. In addition, its green roofs
contribute to more sustainable urban environments. These technologies complement LafargeHolcim’s sustainable building solutions, from its ECOPact
green concrete to its EcoLabel range, accelerating the company’s net zero commitment. With this acquisition LafargeHolcim will add 15 manufacturing
facilities, 1,800 distribution points, and three R&D laboratories to its network. Upon completion of the sale, FSBP will continue to be headquartered in
Nashville, Tennessee, and all 1,900 FSBP employees will transition to LafargeHolcim.
Description
2

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Sika (Switzerland) Sales Growth Of 3.4% In Local Currencies For 2020
– Strong Q4 Increase Of 5.5%
• Sales increase of 3.4% in local currencies – 2020 sales at CHF 7.88 billion (–2.9% in CHF)
• Strong growth of 5.5% in the fourth quarter (organic: 4.1%)
• Completion of acquisition of Adeplast (Romania), takeover of Modern Waterproofing Group (Egypt),
expansion of partnership with CiDRA Concrete Systems (United States)
• Establishment of new factories in Colombia and China, alongside factory expansions in the United
Arab Emirates, France, and Switzerland
• For 2020, Sika is anticipating an over-proportional increase in EBIT and an EBIT margin of around
14%
• Confirmation of 2023 strategic targets for sustainable, profitable growth
Outlook
• Despite the coronavirus crisis and its impact for operating results, Sika is confirming its 2023 strategic
targets. The company remains aligned for long-term success and profitable growth. With its focus on the
six strategic pillars – market penetration, innovation, operational efficiency, acquisitions, strong corporate
values, and sustainability – Sika is seeking to grow by 6%–8% a year in local currencies up to 2023. From
2021, the company is aiming for a higher EBIT margin of 15%–18%. Projects in the areas of operations,
logistics, procurement, and product formulation should result in an annual improvement in operating costs
equivalent to 0.5% of sales.
• For the 2020 fiscal year, Sika is anticipating an over-proportional increase in EBIT and an EBIT
margin of around 14%.
Executive Commentary
"The 2020 fiscal year was overshadowed by the global coronavirus pandemic, which had a number of
serious repercussions for the construction and automotive sectors. Thanks to the strong motivation of
our employees and their pronounced customer focus, Sika managed to perform successfully in this
highly challenging market environment and achieve above-average results. We remain very well
positioned in what is still a difficult environment – thanks to our innovative products and solutions, as
well as to our employees, who continue to deliver their utmost even in times such as these. On behalf
of Group Management, I would like to thank our global workforce of 25,000 people for the
tremendous dedication they have shown and for the unique way they identify with our company."Said
Chief Executive Officer
3
Key Financial Highlights

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Sika (Switzerland) Expands Cooperation With Us-Based Cidra Concrete
Systems
Sika is expanding its cooperation with CiDRA Concrete Systems Inc., headquartered in Eden Prairie, Minnesota, and has
completed a growth equity investment agreement to supplement its existing global relationship. CiDRA specializes in IoT-based
digital systems to monitor concrete properties during transport. Sika and CiDRA already offer this service to customers in the
US and Canada – now concrete producers in other countries will follow. CiDRA Concrete Systems is a market leader in digital
monitoring and information systems for concrete loads in trucks. High-precision on-board systems measure the quality of the
concrete during its transport from the batching plants to the job sites. Currently customers in the US and Canada benefit from
this offering through a data subscription service, enabling concrete producers to access real-time concrete quality data such as
workability and air content through a cloud-based data portal for every truck operating in their fleet. Sika and CiDRA forged a
partnership around the launch of this data service in early 2019. The partnership will now be expanded to other countries so that
concrete producers outside of the US and Canada will also have access to this service.
Description
4

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Solutions Updates
Resources Industry

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Solution Updates
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ArcelorMittal North America to add additional capability in Canada to produce Alusi®
Coated Usibor® Press Hardenable Steel (PHS) for Automotive applications
5
Solution Description
ArcelorMittal Dofasco announced a coating addition of its No.5 Hot-Dipped Galvanizing Line in Hamilton, ON to Aluminum
Silicon (Alusi®) for the production of ArcelorMittal’s patented Usibor® Press Hardenable Steel for automotive structural and
safety components. With the investment, ArcelorMittal Dofasco will become the only Canadian producer of Alusi® Coated
Usibor®. This investment complements additional strategic North America developments announced previously, including a new
EAF at AM/NS Calvert in the US and a new hot strip mill in Mexico. The total project cost is $24M CAD and the first Alusi®
Coated Usibor® product is expected to come off the line in H2, 2022. No.5 Line is planned to produce up to 160,000-tons of
Alusi® coated steel. The addition of Alusi® Coated Usibor® capacity at ArcelorMittal Dofasco, in addition to our existing line
at AM/NS Calvert, provides our valued Automotive customers with improved regional access to advanced high strength steel that
is key to meeting the demands of new vehicles for lightweight, yet stronger structural and safety components. This investment
further secures ArcelorMittal’s leadership in the North American Automotive market.

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Solution Updates
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JFE (Japan) Steel 1.5 GPa-Grade High-Tensile Strength Cold-Rolled Steel
Sheets Adopted for First Time in Vehicle Body Structural Parts
6
JFE Steel Corporation announced that its 1.5 GPa-grade (1470 MPa) high-tensile strength cold-rolled steel sheets are now being utilized in vehicle body structural parts, the world’s first such adoption
in a cold press forming application (based on an internal examination). This constitutes the highest strength of vehicle body structural parts obtained through cold press forming. The steel sheets are
being utilized in several applications by automakers, and JFE Steel has begun supplying these sheets to auto parts suppliers.In order to protect vehicle occupants in the event of a collision and improve
fuel economy through weight reductions, efforts are ongoing to increase the strength of vehicle body structural parts. JFE Steel’s 1.5 GPa-grade high-tensile strength cold-rolled steel sheets are already
being utilized in parts with simple shapes, such as bumpers and door impact beams. However, the adoption of high-tensile strength cold-rolled steel sheets for vehicle body structural parts with complex
shapes has been limited to the 1310MPa grade until now, because increasing the strength of sheets can result in decreased cold press formability and delayed fracture resistance.1 To overcome with
these issues, the adoption of 1.5 GPa-grade high-tensile strength steel sheets through a hot press forming process2 is becoming more widespread. However, this requires the steel to be heated to high
temperature and then maintained at constant temperatures for cooling, which decreases the number of parts that can be pressed per unit of time. Improvements have therefore been desired from a
number of perspectives, including manufacturing costs With the new 1.5 GPa-grade steel sheets, the high cooling capacity of the proprietary WQ (water quenching) method-based continuous annealing
process line located at JFE’s West Japan Works (Fukuyama District) was used to reduce the addition of alloy elements and minimize non-uniformity of the steel sheet microstructure (Fig. 1). As a
result, particularly high yield strength3 and delayed fracture resistance were simultaneously realized even with the 1.5 GPa-grade high-tensile strength steel sheets while maintaining cold press
formability equivalent to that of 1310 MPa-grade sheets. This enabled the utilization of the 1.5 GPa-grade high-tensile strength steel sheets in vehicle body structural parts through a low-cost cold press
forming process. The superiority of the newly adopted steel sheets in terms of their strengths, delayed fracture resistance and cold press formability was recognized by automakers, and application
technology was developed in a joint effort between JFE Steel and various automakers. These efforts have culminated in the deployment of the steel sheets in the manufacture of vehicle body structural
parts. Going forward, JFE Steel will endeavor to expand the range of application of these steel sheets as well as to further develop high-performance high-tensile strength steel sheets. JFE Steel is
pleased to contribute to the realization of a sustainable society by supporting the development of safe, environmentally friendly vehicles.

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Solution Updates
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LafargeHolcim (Switzerland) : 14Trees pioneers 3D printing technology in
Africa for affordable housing and schools
7
14Trees, a LafargeHolcim joint venture with CDC Group, the UK’s publicly owned impact investor, is deploying 3D printing technology at scale
to build affordable and low-carbon housing and schools in Africa, starting in Malawi. With its record speed of construction and optimised material
use, this technology reduces the carbon footprint for building new homes by up to 70%. Pioneering this technology in schools for the first time,
14Trees aims to address the country’s chronic infrastructure shortage while creating skilled local jobs. Using proprietary LafargeHolcim ink, this
innovative 3D printing process will significantly reduce the time and cost of building housing and schools in Malawi. UNICEF estimates a
shortage of 36,000 classrooms in Malawi which would take 70 years to build using conventional methods. According to 14Trees, this infrastructure
gap could be bridged in just ten years using 3D printing. Partnering with a range of NGOs, 14Trees is committed to solving this chronic shortage
at scale, starting with families and communities most in need. The project in Malawi relied on local 14Trees teams trained by LafargeHolcim and
COBOD, the 3D printing specialists. The teams included 3D machine operators, architects, civil and structural engineers and materials specialists.
The project also involved nearly forty people in the preparation of the 3D ink and in the construction with building trades such as carpenters,
roofers and painters. The walls of 14Trees’ first prototype house were built in Lilongwe in just 12 hours, compared to almost 4 days using
conventional methods. The walls of its first school, built in Salima, were printed in just 18 hours, as opposed to several days.

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Solution Updates
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POSCO (South Korea) to Establish Hydrogen Production Capacity of 5
Million Tons
8
POSCO presented a blueprint on how to become a “green hydrogen company that leads the hydrogen economy” and pioneer decarbonization. To
materialize this vision, POSCO will establish a hydrogen production capacity of 5 million tons by 2050 and achieve 30 trillion KRW in hydrogen
sales. In specific, POSCO will focalize on equipping itself with production capabilities and core technologies, including technology to produce
hydrogen by electrolyzing water and technology to extract hydrogen by 2030, and nurture the hydrogen business as the group’s growth engine to
take the lead in the future hydrogen market. The annual domestic demand for hydrogen, the next-generation source of clean energy, is expected to
increase to 1.94 million tons in 2030 and over 5.26 million tons in 2040. The field of application will also expand from the current petrochemical
industry to transport and power generation areas. Accordingly, the Korean government has launched the Hydrogen Economy Committee and
declared the Green New Deal policy to promote the transition to a hydrogen economy. Currently, POSCO possesses an annual hydrogen
production capacity reaching 7,000 tons, utilizing the Cokes Oven Gas during the steelmaking process and natural gas (LNG). Among them,
around 3,500 tons of byproduct hydrogen are extracted and used to control temperature and prevent oxidation while steelmaking. Also, POSCO is
furnished with capabilities necessary for producing and applying hydrogen, such as developing the world’s first steel products for hydrogen fuel
cell separators and supplying them to domestic hydrogen carmakers.

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Solution Updates
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Rio Tinto (UK) confirms development capital and timeline for Oyu Tolgoi
underground
9
Rio Tinto unveiled a pathway for the ongoing development of the underground project at Oyu Tolgoi in Mongolia, one of the largest known
copper and gold deposits in the world. The definitive estimate details how Oyu Tolgoi underground will achieve sustainable production for
Panel 0 by October 2022 for development capital of $6.75 billion. Rio Tinto and its partners, the Government of Mongolia and Turquoise Hill
Resources (TRQ), need to continue to work together to finalise three other milestones – the outstanding government approvals, funding and
a power solution – in order to ensure that the project can commence caving operations in 2021. This will unlock the most valuable part of Oyu
Tolgoi, delivering significant benefits for the shareholders of Oyu Tolgoi and the people of Mongolia. At peak production, Oyu Tolgoi is
expected to operate in the first quartile of the copper cash cost curve1 and by 2030 is expected to be the fourth largest copper mine in the
world. Oyu Tolgoi is expected to produce 480,000 tonnes2 of copper per year on average from 2028 to 2036 from the open pit and
underground, compared with 146,300 tonnes3 in 2019 from the open pit. The underground Ore Reserve has an average copper grade of 1.52
per cent, which is more than three times higher than the open pit Ore Reserve, and contains 0.31 grammes per tonne of gold.4 The size and
quality of this Tier 1 asset provides additional expansion options, which could see production sustained for many decades.

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Solution Updates
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Severstal (Russia) presents outlook for its LDP products and solutions for
Energy customers in key markets
10
PAO Severstal, one of the world's leading vertically integrated steel and mining companies, has published a presentation on its outlook for LDP demand in key markets and its strengthened
offer for Energy customers. Severstal’s energy sector focus is a core pillar of the Group’s growth strategy, representing 9% of sales in 2019, with significant opportunities for further expansion.
Key market outlook summary
The LDP market in Russia is expected to grow to approximately 2,500kt in 2022 (2020: 1,375kt) driven by trends including a new investment cycle announced by Gazprom, Transneft’s
pipeline modernization programme and increased exploration by oil and gas companies. Severstal’s share of the Russian market was 17% in 2019. In Europe, the LDP market is expected to
grow to 600kt in 2024 (2020: 350kt), following trends to develop LNG infrastructure and the energy transition focus, which will lead to the prioritization of renewable energy projects and
hydrogen production and transportation projects. Severstal’s share of the European market was 2-3% in 2019. In MENA, the LDP market is expected to stabilize at 2,200kt in 2023 (2020:
1,560kt), with near term growth driven by projects delayed during the pandemic. The Company sees a particular trend for sustainable pipe solutions required for oil and gas reserves containing
high levels of sulphur compounds.
Severstal’s highly competitive offering
Severstal’s USPs for oil and gas customers include its ability to offer tailored products, superior customer service and cost-effective solutions. The full vertical integration of Severstal offers
significant competitive advantages for Energy sector clients. Severstal has total quality and cost control across the value-chain, from the production of pig iron, to the production of LDP. This
enables it to provide cost-efficient solutions for its clients and on-time deliveries. Severstal is focused on innovation and the development of products tailored to customer needs. The Company
can bring these very quickly to market, thanks to highly developed internal R&D and advanced engineering capabilities. The Company has a unique product range. As one example, Severstal’s
Izhora Pipe Mill produces 18m LDP, compared to the conventional 12m pipes offered by the market. Using these longer pipes can reduce the costs of pipeline construction for Severstal’s
customers by up to 15%.

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Solution Updates
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Smurfit Kappa (Ireland) offers German businesses a unique integrated li-
censing service for recycling
11
Packaging leader Smurfit Kappa has launched a new company called Recycling Dual GmbH to help German manufacturers and retail businesses reduce costs
and improve their sustainability efforts, in line with updated legislation. Recycling Dual offers an innovative and integrated holistic solution to track the entire
life cycle of paper, cardboard and carton packaging. The unique solution highlights duplication which can be removed from the supply chain and reduce
costs.For the first time Recycling Dual guarantees to close the full loop for paper-based packaging for its customers. The service provides them with a holistic
solution to ensure packaging from their products is recycled through a nationwide collection system. From 2021, Recycling Dual will be the only company
in the market with the ability to track the life cycle of paper, cardboard and carton packaging from production through to being recycled. The company was
set up in response to a federal law which was enacted last year requiring stricter recycling requirements for all manufacturers and retailers who use consumer
packaging as part of their supply chain, especially for e-commerce companies with e-commerce packaging. The law requires businesses to buy licences for
the packaging they use, and with costs expected to increase by up to 30% in 2021, this has led to a greater responsibility being placed on businesses to
increase their recycling rates. Additionally, failure to comply can result in significant fines. Recycling Dual organises the collection, sorting and recycling of
sales packaging for businesses across Germany ensuring strict recycling quotas are met. As part of the service, Recycling Dual works in collaboration with
numerous stakeholders including local municipalities and waste management companies.

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Rewards & Recognition

R & R Updates
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ArcelorMittal ranked at global leadership level on climate action
12
ArcelorMittal has once again been recognised by CDP for its strong performance in corporate transparency and action on climate change. ArcelorMittal
successfully retained its A- score in the 2020 CDP Climate Change assessment, putting the company within the top quartile of all metal smelting,
refining and forming companies and the top 10% of the steel industry. CDP, a not-for-profit charity that runs a global disclosure system for investors,
companies, cities, states and regions, scores thousands of companies which disclose climate data through its platform each year. By doing so, the
competitive spirit of business to raise ambition and spur action on corporate climate action is harnessed for positive change. ArcelorMittal’s A- grade
is testament to the company’s efforts and contributions towards building a thriving economy that works for people and the planet in the long term. The
grade compares favourably to the global average D grade for metal smelting, refining and forming companies, and C grade for the steel sector
specifically. ArcelorMittal’s efforts are further reflected in the A grade scores achieved for governance, disclosure of climate related financial risk and
opportunities, strategy and planning and emissions reduction initiatives. Earlier this year, the company announced a group-wide commitment to
becoming carbon neutral by 2050, while it is targeting a reduction of 30% by 2030 in its European business. ArcelorMittal recognises the important role
of disclosing climate related financial risks and opportunities in achieving this goal, as well as developing the company’s two low-emissions technology
pathways.
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MMK (Russia) wins Treasurer of the Year 2020 national award
13
MMK was named the winner in the category of Project of the Year in Improving Treasury Functions at the award ceremony
for the Treasurer of the Year 2020 award, which took place in Moscow.The Treasurer of the Year award is one of the most
prestigious awards in the financial community, recognizing outstanding achievements in the field of management and
development of the treasury function. The expert council of the award, which includes financial sector professionals as well
as heads of major Russian banks and corporations, recognized MMK's financial resources department for conducting the first
successful project on the Russian financial market to carry out a double combination of factoring and dynamic discounting
transactions on the KPMG Platform for financing supply chains. The award was organized by Russia’s Association of
Corporate Treasurers, the first national professional community of corporate treasurers. The mission of the Association is to
create unified high standards among the treasury departments of Russian companies and to facilitate communication and
exchange of experience between professionals in this area.
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MMK (Russia) received awards in Exporter of the Year competition
14
Governor of the Chelyabinsk Region Alexey Teksler presented awards to the winners of the district stage of the All-Russian awards “Exporter of the year.” Diplomas of the Russian
Export Centre and letters of appreciation from the Governor of the Chelyabinsk Region were awarded to nine companies, including the Magnitogorsk Iron & Steel Works, which was
represented at the award ceremony by Oleg Fedonin, Head of the Department of Foreign Economic Activity and Sales to the Automotive Industry of MMK. “I am glad that companies
in our region received these prestigious awards – a symbol of high recognition of your success and contribution to the economy of the Chelyabinsk Region – and we are one of the
leaders in the Ural Federal District and in the country. This year, three of our companies won prizes at the federal level, and 12 prizes at the level of the Ural Federal District. I believe
that this is a well-deserved success and a basis for moving forward,” said the Governor of the Chelyabinsk Region, Alexey Teksler. As a globally competitive company, MMK
successfully operates in many markets. In 2019, the plant's deliveries to non-CIS countries amounted to about 1.256 million tonnes. Another 1.447 million tonnes were shipped last
year to CIS countries, traditionally a priority market for MMK, along with the Russian domestic market. The plant’s products are sent to dozens of countries around the world. The
main export markets for MMK are located in the Middle East, the Mediterranean Basin and South-East Asia. By ranking of the largest exporters based in the Urals and Western Siberia,
MMK Group is consistently among the top three. With MMK producing high-quality products, having one of the widest product mixes in the CIS countries, it’s consistent work on
improving the sales system and increasing the efficiency of supplies, helps the company in maintaining its position in the export markets. The All-Russian award in the field of
international cooperation and export “Exporter of the Year” is given to organisations and individual entrepreneurs who have achieved the greatest success in the export of non-primary,
non-energy commodities, works, services, as well as the results of intellectual activities. The award was initiated at the highest level – the National Project “International Cooperation
and Export”, which was developed in compliance with the Decree of the President of the Russian Federation “On the national goals and strategic objectives development of the Russian
Federation for the period up to 2024”.
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MMK maintains high position in WWF Russia’s Environmental
Transparency Rating
15
For the second year in a row, Magnitogorsk Iron and Steel Works (MMK) placed in the top ten most environmentally transparent metals and mining companies in
Russia, according to a rating compiled by World Wildlife Fund (WWF) Russia. MMK was named as a company that avoided accidents or controversial
environmental situations in 2020. In 2020, the WWF Russia rating included 40 companies fr om the metals and mining sector. Like last year, MMK took 10th place.
WWF Russia has published its annual ratings since 2017. Their goal is to help reduce the burden on the environment and promote timely and transparent reporting
on the environmental impact of production among business and society. The rating is based on an assessment of three components: the company’s environmental
management, environmental impact and disclosure of information. At the end of the year, MMK took a particularly high position on the third criterion, ranking
6th-9th place. The Company pays great attention to the disclosure of complete and up-to-date information on sustainable development issues: for example, in July
2020, MMK published a report on sustainable development for 2019, compiled according to Global Reporting Initiative (GRI) standards. The rating compilers also
named MMK among the companies which were not party to any accidents or controversial environmental situations during the reporting period. The
environmental agenda is a key element of MMK's work: for example, as part of the development strategy up to 2025, the Company is implementing its Clean City
initiative, the aim of which is to reduce the Comprehensive Air Quality Index in Magnitogorsk, wh ere the Company's main production site is located, to less than
5 units, which corresponds to the definition of a "Clean City". Already in 2019, the Ministry of Natural Resources and Environment removed Magnitogorsk from
the list of cities with the highest level of air pollution.
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ALROSA confirms conformity to RJC Code of Practices
16
ALROSA successfully earned the re-certification of the Responsible Jewellery Council (RJC), confirming the compliance of its activities and supply chain with
the RJC Code of Practices, which includes provisions of the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals, and high international
standards in the field of business ethics, human rights, social and environmental responsibility. In 2020, ALROSA undertook the second re-certification audit for
compliance with the requirements of the RJC (Responsible Jewellery Council) Code of Practices updated in 2019. AO PricewaterhouseCoopers Audit conducted
the audit. It took a few months to conduct a comprehensive audit of all the companies of the ALROSA Group involved in rough and polished diamond production
and sales. The audit covered the practices of ensuring decent working conditions for employees, their labor rights and freedoms, labor safety and health,
environmental protection, anti-corruption and a responsible diamond supply chain. It is worth noting that compliance with the requirements of the Code of
Practices was confirmed by the subsidiary ALROSA (ZIMBABWE) Limited, making it the first ever RJC certified company in Zimbabwe. The audit also included
JSC PO Kristall which became part of the ALROSA Group in 2019. ALROSA participates in the FTSE4Good international rating. Also it has a BB rating in the
MSCI ESG rating system that assesses environment, social responsibility and corporate governance. Besides, the Company has ranked among Top-10 in the
environmental responsibility rating of Russian mining companies, developed on the initiative of the World Wildlife Fund (WWF) of Russia and the UNDP / GEF
project of the Russian Ministry of Natural Resources and Environment. In 2019, the company received the Diamond Empowerment Fund (DEF) award for
Community Stewardship.
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Saudi Arabian Mining (Saudi Arabian) Ma’aden Becomes First Saudi Company to
Achieve ISO 37001 International Anti-Bribery Management Systems Certification
17
Saudi Arabian Mining Company (Ma’aden), one of the fastest-growing global mining companies and the largest multi-commodity
mining and metals company in the Middle East, has become the first Saudi company to successfully attain the ISO 37001:2016
Anti-Bribery Management System certification. The ISO 37001 standard is designed to help global organizations implement an
anti-bribery management system and provides guidance relative to that implementation. In earning the certification, Ma’aden met and
exceeded the directives set by ISO 37001 through the successful completion of a comprehensive audit and examination process of
anti-bribery policies and procedures. The scope of the certification includes the activities undertaken by Ma’aden’s head office in
Riyadh, encompassing the functions of finance, human resources, legal, administration, government relations, procurement and
governance, risk, complianceThe certification was issued by Anti-Bribery Anti-Corruption (ABAC®) Center of Excellence Limited.
ABAC Certification services are accredited by the Emirates International Accreditation Center (EIAC) and the United Kingdom
Accreditation Service (UKAS) for administering ISO 37001 ABMS Certification.
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Saudi Arabian Mining Ma’aden Achieves ISO 27001 Certification for
Cybersecurity Governance, Risk & Compliance
18
Saudi Arabian Mining Company (Ma’aden), one of the fastest-growing global mining companies and the largest multi-commodity
mining and metals company in the Middle East, has been awarded the internationally recognized ISO 27001:2013 certification for
cybersecurity governance, risk and compliance. The Cybersecurity Management System Certification will aid Ma’aden in improving
cybersecurity processes and strategies more efficiently and ensure compliance with international standards. The ISO 27001:2013
certification identifies requirements for a Cybersecurity Management System (CSMS) and defines how organizations should manage
and handle the security of digital assets such as financial information, intellectual property, employee details or information entrusted
to you by third parties. It reinforces Ma’aden’s commitment to sustaining a mature organizational cybersecurity culture and ensuring
adequate cybersecurity compliance. To address the latent cyber-risks, Ma’aden adheres to the highest international standards and
global best practices apart from its cybersecurity mission. The certification was issued by Intertek, an independent assessor and one
of the leading consultation firms globally, after an assessment of Ma’aden’s compliance and capabilities.
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SAIL (India) awarded with Golden Peacock Environment Management
Award 2020
19
Steel Authority of India Limited has been awarded with the prestigious Golden Peacock Environment Management
Award for the year 2020 in the Steel Sector by the Institute of Directors. SAIL, as its Corporate Responsibility for
Environment Protection continuously focuses on adopting various environmental measures including, upgrading of
pollution control facilities, treatment & recirculation of wastewater from individual units & outfalls, enhancement in
the green cover in & around Plants & Units, efficient handling of different solid wastes (viz. process waste, hazardous
waste, canteen/township waste), carbon sequestration through afforestation, eco-restoration of mined out area, among
others. Also, the impact of SAIL's initiatives and best practices on improving cleaner environment, reducing emissions
& discharges, mitigating impacts of climate change and helping the Company to conduct its operations in
environmentally benign manner has been recognized.
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Stora Enso’s (Finland) pellet packaging wins global Worldstar design
award
20
Stora Enso’s design for eco-friendly pellet packaging was awarded with a prestigious Worldstar award. The renewable and
recyclable packaging is designed for heavy use in transporting and warehousing of wood pellets for heating. The awarded
packaging is a sustainable alternative to the standard plastic bag used in the pellet industry. In the packaging design work,
special attention was paid to usability, recyclability and visual appearance. The 12 kg pellet box, which replaces a plastic bag,
is easy to bring home from the store thanks to the carrying handle. The packaging is a collaboration between Finnish
packaging designer Karoliina Pennanen and the Stora Enso Packaging Automation team. The WorldStar Competition is one
of the major events of the World Packaging Organisation (WPO) and is the pre-eminent international award in packaging.
WorldStar awards are based on the judges' consensus that a pack is superior in its category and market and better in its class
in execution or innovation by comparison to others. The judging panel consists of country representatives from WPO and one
representative from the International Packaging Press Organisation.
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70,000 tons of high-quality building materials are directly supplied to the
Jingxiong Expressway project
21
The group’s last batch of high-quality steel was directly supplied to the second bid section of the Jingxiong
Expressway, and a total of 27,586 tons of building materials were directly supplied to the project . So far, the Group
has directly supplied 70,000 tons of high-quality building materials to the Jingxiong Expressway project, continuing to
help the construction of the Xiongan New District. In response to the construction unit’s efforts to build the project into
a "Xiongan Boutique Project", smooth the docking channels and provide accurate services. Based on the orders
received at the beginning of last year, the building materials used in the project were directly supplied by the group in
April last year.
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ArcelorMittal and Nippon Steel sign definitive agreement to build EAF at
AM/NS Calvert
22
ArcelorMittal announces that it has signed a definitive agreement with Nippon Steel Corporation (‘Nippon Steel’) to
build an electric arc furnace (‘EAF’) at AM/NS Calvert in Alabama, USA, a 50:50 joint venture between ArcelorMittal
and Nippon Steel. ArcelorMittal first announced its intention to build an EAF at AM/NS Calvert on 12 August 2020.
Construction of the 1.5 million tonne capacity EAF, which will cost c. $775 million, will commence in 2021 and come
onstream in the first half of 2023. The project will be funded by AM/NS Calvert. CEO, ArcelorMittal North America,
said: “This is an important project for AM/NS Calvert which builds additional flexibility to its slab sourcing and will
increase its responsiveness to short lead time orders. AM/NS Calvert is already one of the world’s finest steel finishing
facilities. Adding this state-of-the-art EAF will further strengthen its capabilities and enhance its ability to serve its full
range of customers.”
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BHP and Toyota Australia have partnered on a new Light Electric Vehicle
(LEV) trial at BHP’s Nickel West operations.
23
BHP and Toyota Australia have partnered on a new Light Electric Vehicle (LEV) trial at BHP’s Nickel West operations.
Under the partnership, a LandCruiser70 has been converted from running on diesel to fully electric via onboard battery
power. It is expected to fulfil several roles at site and operate in above ground and underground settings. Toyota
Australia’s, President and CEO, Matthew Callachor said the trial is another step Toyota is taking as part of its bigger
picture of a zero emissions future. This Toyota trial builds on BHP’s trials with other suppliers currently ongoing at
Olympic Dam in South Australia and Broadmeadow in Queensland. President, Minerals Australia, BHP said: This
partnership is another step in our ongoing studies into how we can reduce the emissions intensity of our light vehicle
fleet. It builds on other LEV trials underway in South Australia and Queensland. Reducing our reliance on diesel at our
operations will help achieve our medium-term target of reducing operational emissions by 30 per cent by 2030.
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Birla Cellulose (India) And Nanollose File Joint Patent For High Tenacity
Lyocell
24
Birla Cellulose, part of the Aditya Birla Group and one of the world’s largest man-made cellulosic fibre producers, is pleased to announce that it
has filed a joint patent application with Nanollose for a high tenacity lyocell fibre made from bacterial cellulose. The patent application, entitled
High Tenacity Lyocell Fibres From Bacterial Cellulose and Method of Preparation Thereof, represents a major advancement over Nanollose’s
previous viscose versions of nullarbor™ and nufolium™. Using the lyocell process, a team of fibre experts at Birla Cellulose, Pulp and Fibre
Innovation Centre have produced nullarbor fibre that is finer than silk and significantly stronger than conventional lyocell that is traditionally
produced from wood pulp. Lyocell is a form of rayon, made using a closed loop process with low demand on chemical and water usage and low
waste generation. This makes it very environment-friendly and brings with it an elevated demand from clothing brands. Lyocell is widely used in
textile and nonwoven applications and has become popular due to a number of desirable strength and comfort characteristics. Furthermore, the
combination of the Nanollose’s Tree-Free cellulose, along with Birla Cellulose’s closed-loop lyocell production process, could potentially make
this Tree-Free lyocell one of the most eco-friendly and sustainable fibres available. The joint patent application strengthens the intellectual
property portfolio of both companies and provides protection for this innovative Tree-Free fibre technology. The nullarbor™ lyocell fibers are
produced using feedstock from industrial and agricultural organic waste.
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Newmont and JV Partners Achieve Key Integration Milestone At Agua Rica
And Alumbrera
25
Newmont Corporation and its joint venture partners announced the successful integration of the Alumbrera mine, plant
and infrastructure with Yamana Gold’s Agua Rica project to create the integrated MARA project. The integration of these
two assets finalizes the joint venture between Newmont (18.75%), Glencore International AG (25%) and Yamana Gold
(56.25%). Under the MARA Project, Agua Rica will be developed and operated using the existing infrastructure and
facilities from the Alumbrera mine, approximately 35 kilometers away. The integration unlocks significant value by
leveraging Alumbrera’s infrastructure including the plant, tailings storage facility, pipeline and other infrastructure to be
used for processing ore from Agua Rica. “I am pleased to see this partnership complete the integration of the projects.
Joining the Agua Rica ore body with the high-quality infrastructure from Alumbrera will ensure the sustainability of both
sites’ resources,” said Newmont’s President and CEO. “Newmont looks forward to the MARA project adding value to our
world-class portfolio.”
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Nornickel’s Global Palladium Fund Issues First Tokens To Industrial
Partners
26
The Global Palladium Fund, established by PJSC MMC Norilsk Nickel, the world’s largest producer of palladium and
high-grade nickel and a major producer of platinum and copper, has issued the first tokens involving metal contracts to its
major industrial partners Traxys SA and Umicore SA, setting the stage for the new era of digital transactions, which will
optimize supply chain efficiency and transparency. The Global Palladium Fund has issued the digital instruments via the
global tokenization platform Atomyze, backed by a pool of international investors. The first two clients, the world’s
leading commodity actors and Nornickel’s longstanding partners — Traxys and Umicore — arrived after the mining giant
announced its strategy to integrate into a digital ecosystem designed to give ultimate provenance and traceability to its
metals. Atomyze uses Distributed Ledger Technology (DLT) to tokenize assets in digital form providing accessibility,
reducing costs, and increasing transparency. GPF, the platform’s first client, is issuing tokens covering the whole range of
metals produced by Nornickel — via the Atomyze tokenization platform operated by Tokentrust AG.
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Joint statement from PKKP and Rio Tinto (UK)
27
Rio Tinto and the Puutu Kunti Kurrama and Pinikura people (PKKP) confirm they have taken initial steps in rebuilding
their relationship following the events at Juukan Gorge in May 2020. PKKP in co-operation with Rio Tinto have been
involved in remedial works at Juukan Gorge. These works will continue. A joint session of the PKKP and Rio Tinto
boards has been held to reaffirm Rio Tinto’s apology and commitment to rebuilding our relationship. PKKP
acknowledges that Rio Tinto has taken steps to address the hurt and devastation caused by the actions which
culminated in the destruction in May 2020. PKKP is encouraged by these steps to date but they are the first of many
that will be needed to ensure the avoidable and unnecessary destruction of cultural heritage sites, like Juukan Gorge,
will never be repeated. PKKP notes the appointment of new chief executive Jakob Stausholm and hopes that
discussions between PKKP and Rio Tinto will continue in a positive direction.
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Rio Tinto advances climate partnership with China Baowu Steel with US$10
million investment
28
Rio Tinto has committed to invest $10 million with the world’s largest steel producer China Baowu Steel Group over the next two years in
low-carbon steelmaking projects and research. This investment is the next step in advancing the partnership formed between Rio Tinto, China
Baowu and Tsinghua University in 2019 to develop and implement new methods to reduce carbon emissions and improve environmental
performance across the steel value chain. Rio Tinto’s investment will fund the joint establishment of a Low Carbon Raw Materials Preparation
R&D Centre, which will initially prioritise the development of lower carbon ore preparation processes. This will include creating two ore
preparation pilot plants, one to use biomass and the other exploring using microwave technology. The investment will also support work on
carbon dioxide utilisation and conversion at the China Baowu Low Carbon Metallurgical Innovation Centre, which is a Baowu-led open
platform for advancing metallurgical technologies to support the low-carbon transformation of the steel industry. These investments will
advance technologies that will be crucial in reducing emissions from China’s prevalent iron and steel making process, and will support both
the short and long-term decarbonisation goals of the steel industry. As the world’s largest steel producer, China Baowu’s leadership in
advancing low-carbon steel solutions is an important pillar in supporting China’s target of striving to be carbon neutral by 2060.
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Ma’aden signs agreement to supply phosphate fertilizer to Bangladesh
29
Ma’aden, one of the fastest-growing global mining companies and the largest multi-commodity mining and metals
company in the Middle East, has signed an agreement to supply phosphate fertilizer to the Bangladesh Agricultural
Development Corporation (BADC) for the year 2021. BADC is state-owned company that works under the umbrella
of the Bangladesh Ministry of Agriculture, which manages agricultural imports in the country. Ma’aden’s
mine-to-market phosphate business consists of three mega projects in Saudi Arabia: Wa’ad Al Shamal – the center of
the Saudi phosphate industry; Ras Al Khair, a phosphate and bauxite processing superhub; and Phosphate-3, which is
under construction and will expand operations in Wa’ad Al Shamal. In 2019, Ma’aden expanded the reach of its
phosphate business in sub-Saharan Africa through the acquisition of fertilizer distribution company Meridian Group,
enabling faster and better service for local customers in Africa.
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Tata Steel (India) and CII Green Business Centre partner to develop
GreenPro framework for steel rebars
30
Tata Steel has collaborated with CII Green Business Centre and relevant stakeholders in the Indian Steel sector to develop GreenPro framework for steel
rebars, for first time in India. GreenPro Ecolabel enables the end-users to make an informed choice about buying steel having the lowest environment
impact. The products with GreenPro label are guaranteed to be made of the highest quality standards and are sustainable as per the GreenPro standard.
GreenPro certified products are also recognised in Indian Green Building Council (IGBC) green building rating system. Steel rebars are key
construction materials and have significant impact on the sustainability of buildings. There is a need for the Indian steel industry to reduce the
environmental footprint during the manufacturing of steel products and supply steel having lowest environment impact for the Indian building sector.
GreenPro is a Type-1 Ecolabelling programme offered by the Confederation of Indian Industry (CII) Green Business Centre. So far, more than 125
building products and materials manufacturing companies have adopted GreenPro Ecolabel for 1800+ products and are available in the market for
construction of Green Buildings. Buildings and construction together account for nearly 36% of global energy use and 39% of energy related carbon
dioxide emissions. Embodied carbon accounts for 11% of the building’s emissions and is primarily from materials like steel, cement, concrete, glass,
etc. The use of Green or low carbon materials has the potential to reduce the life cycle environmental impacts in the construction sector. Material
efficiency strategies can reduce emissions due to construction, operations, and dismantling of homes by up to 50% to 70% in India by 2050.
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Ktunaxa Nation and Teck (Luxembourg) Sign Joint Management Agreement
for Conservation Lands
31
The Ktunaxa Nation and Teck Resources Limited TECK.A and TECK.B, announced the signing of a Joint Management Agreement for
more than 7,000 hectares of land purchased by Teck in 2013 for conservation. The lands are located in ʔamakʔis Ktunaxa and in the region
of Teck’s steelmaking coal operations in southeast British Columbia. Under the Agreement, the Ktunaxa Nation and Teck agree to jointly
manage the land for conservation purposes protecting significant fish and wildlife habitat. The Agreement will also support the Ktunaxa
Nation Stewardship Principles, and Teck’s goal to achieve a net positive impact on biodiversity in the areas where it operates. Teck’s
purchase of these lands was one of the single biggest private sector investments in land conservation in B.C. history. There are
approximately 7,150 hectares in total of private lands consisting of three parcels: Flathead Townsite (992 hectares), Alexander Creek
(3,098 hectares) and Grave Prairie (3,059 hectares). The lands provide important habitat for numerous species, such as grizzly bear,
wolverine, badger, elk, lynx, mountain goat, bighorn sheep, westslope cutthroat trout and bull trout, and hold significant value for local
communities. A map of the area can be found here. Teck and the Ktunaxa will begin implementation of the Joint Management Agreement
in January 2021. This will include developing conservation management plans with input from communities and other stakeholders.
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UPM (Finland) Biochemicals grows lignin business with new Domtar supply
agreement
32
UPM and the US-based pulp and paper producer Domtar Paper Company LLC have signed an agreement for UPM to acquire the
total annual kraft lignin production of Domtar’s Plymouth Mill in North Carolina, USA as of January 2021. This step enables
UPM to expand its role in the growing lignin business and different application segments. Following the agreement, UPM will
increase its supply of kraft lignin by more than 20.000 metric tonnes annually. Part of the supply will be used to complement the
existing UPM BioPivaTM product family. UPM lignin products will be sold globally through UPM’s sales network and are
supported by strong technical expertise. Kraft lignin products such as UPM BioPivaTM are used as a renewable alternative to
fossil-based products in a growing range of applications, such as lignin-based phenolic resins. They offer high technical
performance, with a considerably improved environmental footprint. UPM is currently building an industrial scale biochemicals
refinery in Leuna, Germany, to produce biobased Monoethylene Glycol (BioMEG), Monopropylene Glycol (BioMPG) and
industrial sugars as well as renewable functional fillers and lignin from sustainably sourced hardwood.
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ALROSA remains constituent of WWF Environmental Transparency Rating
33
ALROSA remains a constituent of the WWF Environmental Transparency Rating of Russian Metals and Mining companies, published in December 2020. WWF
Russia initiated this Rating with the support of the EU and UN Environment Program, as well as GEF and the country's Ministry of Natural Resources. Rating aims
to support reduction of negative impact on the environment and increase efficiency of the natural resources use, as well as to conduct sustainable business in
Russia. ALROSA has been included in WWF Rating since the launch of the rating in 2017. The company is in the top 10 in environmental management quality
and impact. The rating also recognizes absence of environmental accidents at ALROSA. ALROSA's environmental expenditures exceed RUB 7 billion annually.
The company invests significantly in waste management and recycling projects, strives to reduce water intake from natural sources and uses a recycling water
supply system at processing plants, aims at reducing direct greenhouse emissions and other pollutants, as well as implements energy efficiency projects and
rehabilitates disturbed lands. Other significant environmental activities include third-party civil liability insurance and financing measures to create a new specially
protected natural area in Yakutia to preserve the wild reindeer population. ALROSA’s social investments amount to RUB 12 billion, including pension payments
and contributions under regional development programs, corporate social programs for employees and their families, as well as about 500 social and charitable
projects. ALROSA remains on the FTSE4Good index and maintains a BB rating from MSCI ESG, which evaluates companies’ environmental, social, and
corporate governance performance. In 2019, ALROSA received a Diamond Empowerment Fund (DEF) award for community stewardship.
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NLMK Group improves its WWF Environmental Transparency Rating
34
NLMK Group has improved its standing in the World Wildlife Fund (WWF) Russia and National Rating Agency’s
Environmental Transparency Rating of Mining & Metals Companies. NLMK ranked sixth, improving its standing by
three positions compared to 2019. This year, the project brought together 40 of the largest metals and mining companies
in Russia. The ranking is based on the assessment of the companies' environmental management, environmental impact
and completeness of information disclosure. Environmental protection is a cornerstone of NLMK Group's sustainable
development policy. Since 2000, the company has invested over $1.3 billion in environmental activities. Over the past five
years, the company has reduced its CO2 emissions per tonne of steel by 3% (from 2.04 t in 2015 to 1.98 t in 2019) and
aims to further reduce them to 1.91 t (another 3.5%) by 2023. Continuous improvements in environmental and climate
protection contribute to strengthening the company's position in the international ESG rankings. In 2020, Sustainalytics,
an international agency improved the company's rating compared to the previous year.
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The group's extra-thick pressure vessel plate assists in the construction of the
largest domestic monomer (PTA) project
35
The group has joined hands with a well-known domestic explosive processing high-tech enterprise to jointly produce
all the composite steel plates for extra-thick pressure vessels that will be used in the domestic largest single-unit
purified terephthalic acid ( PTA ) project-Dongying Weilian Chemical Co., 250 million tons / in purified terephthalic
acid ( of PTA production) project crystallizer. This project is one of the major construction projects in Shandong
Province in 2020. It mainly constructs a set of domestically largest purified terephthalic acid equipment. After the
completion of the project, it will fill the gap of PTA production capacity in Shandong Province and will strongly
promote regional industrial development. It has an important strategy significance.
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MMK’s mobile app detects safety violations
36
Magnitogorsk Iron and Steel Works operates a system for conducting behavioural based safety (BBS) audits, designed to reduce the risk of an accident
at work. A mobile application has been available since the end of 2019 for conveniently and efficiently registering safety violations. The main task of
the BBS audits is to conduct a behavioural safety audit to reduce the risk of an accident. The app's functions include recording dangerous behaviour or
violations of labour protection requirements (with the option to take a photo), identifying the root causes of hazardous activity and collecting
suggestions from employees to ensure their work is performed safely. Also, to prevent dangerous activity, it is possible to register the audit results before
a safety violation has occurred. Currently, both the web version and the mobile version of the application developed by MMK-Informservice have been
put into commercial operation. The app is available for all structural divisions of the plant., it is also being used in other MMK Group subsidiaries,
introducing the procedure for conducting and registering BBS audits. United Service Company also plans to connect users to the app by the end of the
year. At present, the app has the ability to record safety violations not only by the personnel of its division, but also by employees of other MMK Group
divisions and subsidiaries. The app was highly rated by middle-level managers in production departments, for whom it is important to have modern
technical tools that can quickly register the results of the BBS audit, allowing for a rapid response to unsafe employee behaviour. In the end, this helps
to reduce injuries at work and ensures the safety of the Company's personnel.
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POSCO (South Korea) Donates 10 Billion KRW to Share with Society
37
POSCO contributed 10 billion KRW to share with those who desperately need the support towards the end of the year,
considering that this year was especially challenging due to the prolonged COVID-19 issue and social distancing. Group
companies participated in the donation as well, with POSCO contributing 8 billion KRW, POSCO International, POSCO
&C, POSCO Energy, and POSCO Chemical each contributing 400 million KRW. POSCO ICT donated 200 million KRW,
while POSCO M-Tech and POSCO Terminal provided 100 million KRW respectively. POSCO has been participating as
a partner of the Community Chest of Korea since 1999. From 2004, the participation has been expanded to its group
companies, totaling 162 billion KRW in donations as of this year. The donation will be delivered to the Community Chest
of Korea and will be used not only to support the vulnerable groups of society like children, adolescents, the disabled, and
multicultural families but also to address the issues of the local community that reflect low-carbon and eco-friendly trends,
such as carbon neutrality and marine environment protection projects.
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POSCO (South Korea) Pledges to Achieve Carbon Neutrality by 2050 And
Lead Low Carbon Society
38
POSCO has vowed to become “Carbon Neutral” by 2050. As of recent, climate change has emerged as the greatest challenge for humanity, and POSCO’s
commitment to leading carbon neutrality is an especially meaningful one, considering the nature of the steel industry where the emission of CO2 is inevitable.
It is the first time for an Asian steelmaker with large-scale blast furnace operating systems (among Korea, China, and Japan) to officially declare a
carbon-neutral plan. POSCO plans to utilize carbon risk as an opportunity, overcoming its inevitable need for CO2 emission. Through innovative
technologies, such as CCUS(Carbon Capture, Utilization and Storage), and hydrogen-based steelmaking, POSCO aims to equip itself with ‘low carbon
competitiveness’ which enables providing ‘green steel’. As being the representative manufacturer of South Korea, POSCO’s ambition to be carbon neutral
demonstrates its determination to play a leading role in line with the Korean government’s policy of achieving “2050 carbon neutrality” and implementing
the “Green New Deal”. In addition to this, POSCO has been making its climate-related data available to the public. Following its support for the TCFD (Task
Force on Climate-related Financial Disclosures) for the first time in the domestic manufacturing industry in March, POSCO issued “POSCO’s Dialogue for
Climate Action,” which includes the TCFD’s recommendations, along with its declaration of carbon neutrality. The report discusses POSCO’s plan to reduce
CO2 emissions by 20% in the short-term (by 2030) and 50% in the mid-term (by 2040) with a target to attain net zero emissions by 2050. An analysis of
climate scenarios highlighted in the TCFD recommendations was also included in this issue.
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Severstal (Russia) completes construction of environmental facilities for a new
blast furnace
39
PAO Severstal, one of the world's leading vertically integrated steel and mining companies, has completed the construction of environmental facilities for blast furnace
No. 3. The modernization of blast furnace No. 3 will mitigate the environmental impact of pig iron production throughout the production chain through use of the best
available technologies. The main environmental advantage of the dust and gas capture facilities is the aspiration system and gas cleaning system. The aspiration system
cleans the air from the dust of workplaces and technological operations. The gas cleaning system cleans the blast furnace gas. The main operational activities during
which pollutants are released into the atmosphere from blast furnace No. 3 are the preparation and dosing of charge materials, loading the charge into blast furnaces, and
operating the casthouse. By covering dust and gas formation sites, the aspiration suction system, featuring control and shut-off valves, extracts contaminated air and gas
for cleaning. The aspiration valves are automatic. The process is organized from the places of discharge of cast iron and slag, using a skimmer and side suction from the
tap holes, which are covered. As the release of fusion products is carried out simultaneously from just one tap hole, suction is cut off from the other notches. The operating
mode of the valves is synchronized with that of the casting equipment. To prevent emissions of pollutants when loading materials into the furnace (through a coneless
loading device), emissions from the loading device are suppressed using compressed nitrogen, which is used to blow dirty gas from the blast furnace under the furnace
top. Dusty air from the intake chamber of the coneless loading device will be directed to the collector at the new central exhaust station (CVS). Cleaning the aspiration
air from dust will be carried out by bag filters. The filter consists of 1056 hoses, each 10m long. The particular bag filters procured by Severstal are characterized by their
compactness and large filtration area, which enables them to work effectively in cramped conditions.
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CEMEX (Maxico) announces it has increased its ownership in CLH
40
CEMEX, S.A.B. de C.V. announced that CEMEX España, S.A. (“CEMEX España”), an indirect subsidiary of CEMEX, will increase its
shareholdings in CEMEX Latam Holdings, S.A. (“CLH”), which is listed on the Colombian Stock Exchange, from 73.16% to 92.60% of CLH’s
paid and outstanding shares (excluding shares owned by CLH). This increase is a result of the completion of a tender offer (the “Offer”) made by
CEMEX España for any and all outstanding ordinary shares of CLH (except for shares either owned by CEMEX España or by CLH), directed to
all of CLH’s shareholders at a purchase price of 3,250 Colombian Pesos per ordinary share. In particular, 108,337,613 ordinary shares of CLH were
validly tendered in the Offer, representing 72.41% of the outstanding ordinary shares of CLH (excluding shares owned by CLH) for which the
Offer was made. Pursuant to Colombian securities regulations, the Offer was awarded on December 15, 2020 and is expected to fully settle on
December 18, 2020 for an aggregate amount of approximately 352,097,242,250 Colombian Pesos. Through the Offer, CEMEX is simplifying and
strengthening its overall capital structure by further consolidating its indirect interest in CLH. Citigroup Global Markets Inc. acted as sole advisor
and Corredores Davivienda S.A. acted as intermediary broker for the Offer. CEMEX is a global building materials company that provides high
quality products and reliable services. CEMEX has a rich history of improving the wellbeing of those it serves through innovative building
solutions, efficiency advancements, and efforts to promote a sustainable future. For more information on CEMEX,
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Nornickel Shuts Down Smelter In Nikel Town
41
Norilsk Nickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, is shutting down a smelting
shop in the town of Nikel in Russia’s Murmansk region. It is the company’s oldest production facility to date. Its shutdown is part of Nornickel’s
comprehensive environmental programme, which aims to significantly reduce the environmental impact at all production sites. With the closure of the shop,
hazardous emissions into the atmosphere at the Russia’s Norwegian border will cease. The decision to close the smelting facility was made by Nornickel in
November 2019. The closure will completely eliminate sulphur dioxide emissions in the cross-border area with Norway. Due to the implementation of the
programme, it is planned to reduce sulphur dioxide emissions at Kola MMC by 50% in 2020 and by 85% by 2021. After the shutdown, the customer service
and the clean-up service will continue to operate in the shop. Within a year after the shutdown, the shop’s building will be prepared for mothballing: it will
be cleaned, materials containing non-ferrous metals will be collected and sent for recycling. The industrial site may be preserved if an option for its use can
be found. Nornickel supported a competition among investors willing to implement an industrial or cultural business project at the vacated smelter site. Its
prerequisite was the ecological transformation of the industrial zone, the creation of green production facilities and new jobs. The winning project was the
establishment of a metallurgical mini-mill for the production of grinding balls and long products (LLC Sirius). Nornickel plans to support the winner’s
project in the form of advisory assistance, commitments to repurchase part of the products, provide preferential terms and reduced tariffs for material and
technical resources, etc.
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