The document discusses several financial and M&A updates in the resources industry:
1) ALROSA successfully sold large diamonds in Belgium and Israel, generating $7.4 million and $13.3 million respectively.
2) BHP will acquire an additional 28% working interest in the Shenzi oil field in the Gulf of Mexico from Hess for $505 million.
3) CNX Resources completed the acquisition of the remaining units of CNX Midstream it did not already own.
4) Newmont sold a portfolio of 11 gold-focused royalties to Maverix Metals for total consideration of $90 million.
This document brings together a set of latest data points and publicly available information relevant for Resources Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
Greetings,
Attached FYI ( NewBase Special 16 February 2015 ) , with
energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Taqa in heavy weather as oil price fall bites
• Saudi Arabia budget insulated from effects of lower oil prices
• Shell and Iraq Government sign deal for $11 billion Nibras Petrochemicals
• QP to prepare a new project to replace Al-Karaana
• India:US companies pledge to build 20 GW of renewable energy
• Pakistan: BHP agrees to sell Pakistan gas business
• Pakistan: Jura Energy Starts Drilling for Gas in Reti Lease
• Shale gas and tight oil are commercially produced in four countries
• Norway: Statoil gives go ahead for $29bn oil project
• Iran, Iraq follow Saudis in fight for Asian oil market
• Will commodities be able to sustain their rally?
• G tankers lie unused around Singapore as gas downturn turns into crisis
As this daily news periodical is free for you, we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
This document brings together a set of latest data points and publicly available information relevant for Resources Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
Greetings,
Attached FYI ( NewBase Special 16 February 2015 ) , with
energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Taqa in heavy weather as oil price fall bites
• Saudi Arabia budget insulated from effects of lower oil prices
• Shell and Iraq Government sign deal for $11 billion Nibras Petrochemicals
• QP to prepare a new project to replace Al-Karaana
• India:US companies pledge to build 20 GW of renewable energy
• Pakistan: BHP agrees to sell Pakistan gas business
• Pakistan: Jura Energy Starts Drilling for Gas in Reti Lease
• Shale gas and tight oil are commercially produced in four countries
• Norway: Statoil gives go ahead for $29bn oil project
• Iran, Iraq follow Saudis in fight for Asian oil market
• Will commodities be able to sustain their rally?
• G tankers lie unused around Singapore as gas downturn turns into crisis
As this daily news periodical is free for you, we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
We hosted an analyst and investor seminar about our diamond business, De Beers, providing a detailed look at the company — from exploration to retail — its industry, and future trends for the diamond business.
This document brings together a set
of latest data points and publicly
available information relevant for
Resources Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely
This document brings together a set of latest data points and publicly available information relevant for Resources. We are very excited to share this content and believe that readers will benefit immensely from this periodic publication immensely.
We hosted an analyst and investor seminar about our diamond business, De Beers, providing a detailed look at the company — from exploration to retail — its industry, and future trends for the diamond business.
This document brings together a set
of latest data points and publicly
available information relevant for
Resources Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely
This document brings together a set of latest data points and publicly available information relevant for Resources. We are very excited to share this content and believe that readers will benefit immensely from this periodic publication immensely.
ITShades.com has been founded with
singular aim of engaging and
enabling the best and brightest of
businesses, professionals and
students with opportunities,
learnings, best practices,
collaboration and innovation from IT
industry.
This document brings together a set
of latest data points and publicly
available information relevant for
Financial Services Industry. We are
very excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
This document brings together a set
of latest data points and publicly
available information relevant for
Financial Services Industry. We are
very excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
This document brings together a set of latest data points and publicly available information relevant for . We are very excited to share this content and believe that readers will benefit immensely from this periodic publication immensely.
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This document brings together a set
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This document brings together a set of latest data points and publicly available information relevant for Financial Services Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
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Travel & Transportation Industry. We
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This document brings together a set of latest data points and publicly available information relevant for Energy Industry. We are very excited to share this content and believe that readers will benefit immensely from this periodic publication immensely.
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Utilities Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
This document brings together a set of latest data points and publicly available information relevant for Business Services Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
This document brings together a set
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This document brings together a set
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Business services. We are very
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This document brings together a set of latest data points and publicly available information relevant for Financial services Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
This document brings together a set of latest data points and publicly available information relevant for Financial services Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
This document brings together a set
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Consulting & IT Services Industry.
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T-Byte Hybrid Cloud Infrastructure July 2021EGBG Services
This document brings together a set
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Hybrid Cloud Infrastructure
Industry. We are very excited to share
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Platforms & Applications Industry.
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T-Byte Digital Customer Experience July 2021EGBG Services
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Healthcare Industry. We are very
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This document brings together a set
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Resources Industry. We are very
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believe that readers will benefit from
this periodic publication immensely.
This document brings together a set
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Utilities Industry. We are very
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this periodic publication immensely.
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ITShades.com has been founded with
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This document brings together a set
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JMeter webinar - integration with InfluxDB and GrafanaRTTS
Watch this recorded webinar about real-time monitoring of application performance. See how to integrate Apache JMeter, the open-source leader in performance testing, with InfluxDB, the open-source time-series database, and Grafana, the open-source analytics and visualization application.
In this webinar, we will review the benefits of leveraging InfluxDB and Grafana when executing load tests and demonstrate how these tools are used to visualize performance metrics.
Length: 30 minutes
Session Overview
-------------------------------------------
During this webinar, we will cover the following topics while demonstrating the integrations of JMeter, InfluxDB and Grafana:
- What out-of-the-box solutions are available for real-time monitoring JMeter tests?
- What are the benefits of integrating InfluxDB and Grafana into the load testing stack?
- Which features are provided by Grafana?
- Demonstration of InfluxDB and Grafana using a practice web application
To view the webinar recording, go to:
https://www.rttsweb.com/jmeter-integration-webinar
Builder.ai Founder Sachin Dev Duggal's Strategic Approach to Create an Innova...Ramesh Iyer
In today's fast-changing business world, Companies that adapt and embrace new ideas often need help to keep up with the competition. However, fostering a culture of innovation takes much work. It takes vision, leadership and willingness to take risks in the right proportion. Sachin Dev Duggal, co-founder of Builder.ai, has perfected the art of this balance, creating a company culture where creativity and growth are nurtured at each stage.
Encryption in Microsoft 365 - ExpertsLive Netherlands 2024Albert Hoitingh
In this session I delve into the encryption technology used in Microsoft 365 and Microsoft Purview. Including the concepts of Customer Key and Double Key Encryption.
Software Delivery At the Speed of AI: Inflectra Invests In AI-Powered QualityInflectra
In this insightful webinar, Inflectra explores how artificial intelligence (AI) is transforming software development and testing. Discover how AI-powered tools are revolutionizing every stage of the software development lifecycle (SDLC), from design and prototyping to testing, deployment, and monitoring.
Learn about:
• The Future of Testing: How AI is shifting testing towards verification, analysis, and higher-level skills, while reducing repetitive tasks.
• Test Automation: How AI-powered test case generation, optimization, and self-healing tests are making testing more efficient and effective.
• Visual Testing: Explore the emerging capabilities of AI in visual testing and how it's set to revolutionize UI verification.
• Inflectra's AI Solutions: See demonstrations of Inflectra's cutting-edge AI tools like the ChatGPT plugin and Azure Open AI platform, designed to streamline your testing process.
Whether you're a developer, tester, or QA professional, this webinar will give you valuable insights into how AI is shaping the future of software delivery.
Connector Corner: Automate dynamic content and events by pushing a buttonDianaGray10
Here is something new! In our next Connector Corner webinar, we will demonstrate how you can use a single workflow to:
Create a campaign using Mailchimp with merge tags/fields
Send an interactive Slack channel message (using buttons)
Have the message received by managers and peers along with a test email for review
But there’s more:
In a second workflow supporting the same use case, you’ll see:
Your campaign sent to target colleagues for approval
If the “Approve” button is clicked, a Jira/Zendesk ticket is created for the marketing design team
But—if the “Reject” button is pushed, colleagues will be alerted via Slack message
Join us to learn more about this new, human-in-the-loop capability, brought to you by Integration Service connectors.
And...
Speakers:
Akshay Agnihotri, Product Manager
Charlie Greenberg, Host
State of ICS and IoT Cyber Threat Landscape Report 2024 previewPrayukth K V
The IoT and OT threat landscape report has been prepared by the Threat Research Team at Sectrio using data from Sectrio, cyber threat intelligence farming facilities spread across over 85 cities around the world. In addition, Sectrio also runs AI-based advanced threat and payload engagement facilities that serve as sinks to attract and engage sophisticated threat actors, and newer malware including new variants and latent threats that are at an earlier stage of development.
The latest edition of the OT/ICS and IoT security Threat Landscape Report 2024 also covers:
State of global ICS asset and network exposure
Sectoral targets and attacks as well as the cost of ransom
Global APT activity, AI usage, actor and tactic profiles, and implications
Rise in volumes of AI-powered cyberattacks
Major cyber events in 2024
Malware and malicious payload trends
Cyberattack types and targets
Vulnerability exploit attempts on CVEs
Attacks on counties – USA
Expansion of bot farms – how, where, and why
In-depth analysis of the cyber threat landscape across North America, South America, Europe, APAC, and the Middle East
Why are attacks on smart factories rising?
Cyber risk predictions
Axis of attacks – Europe
Systemic attacks in the Middle East
Download the full report from here:
https://sectrio.com/resources/ot-threat-landscape-reports/sectrio-releases-ot-ics-and-iot-security-threat-landscape-report-2024/
LF Energy Webinar: Electrical Grid Modelling and Simulation Through PowSyBl -...DanBrown980551
Do you want to learn how to model and simulate an electrical network from scratch in under an hour?
Then welcome to this PowSyBl workshop, hosted by Rte, the French Transmission System Operator (TSO)!
During the webinar, you will discover the PowSyBl ecosystem as well as handle and study an electrical network through an interactive Python notebook.
PowSyBl is an open source project hosted by LF Energy, which offers a comprehensive set of features for electrical grid modelling and simulation. Among other advanced features, PowSyBl provides:
- A fully editable and extendable library for grid component modelling;
- Visualization tools to display your network;
- Grid simulation tools, such as power flows, security analyses (with or without remedial actions) and sensitivity analyses;
The framework is mostly written in Java, with a Python binding so that Python developers can access PowSyBl functionalities as well.
What you will learn during the webinar:
- For beginners: discover PowSyBl's functionalities through a quick general presentation and the notebook, without needing any expert coding skills;
- For advanced developers: master the skills to efficiently apply PowSyBl functionalities to your real-world scenarios.
GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using Deplo...James Anderson
Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
The modern software delivery process (or the CI/CD process) includes many tools, distributed teams, open-source code, and cloud platforms. Constant focus on speed to release software to market, along with the traditional slow and manual security checks has caused gaps in continuous security as an important piece in the software supply chain. Today organizations feel more susceptible to external and internal cyber threats due to the vast attack surface in their applications supply chain and the lack of end-to-end governance and risk management.
The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
Robert Boule is a technology enthusiast with PASSION for technology and making things work along with a knack for helping others understand how things work. He comes with around 20 years of solution engineering experience in application security, software continuous delivery, and SaaS platforms. He is known for his dynamic presentations in CI/CD and application security integrated in software delivery lifecycle.
Gopinath Rebala
Gopinath Rebala is the CTO of OpsMx, where he has overall responsibility for the machine learning and data processing architectures for Secure Software Delivery. Gopi also has a strong connection with our customers, leading design and architecture for strategic implementations. Gopi is a frequent speaker and well-known leader in continuous delivery and integrating security into software delivery.
UiPath Test Automation using UiPath Test Suite series, part 4DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 4. In this session, we will cover Test Manager overview along with SAP heatmap.
The UiPath Test Manager overview with SAP heatmap webinar offers a concise yet comprehensive exploration of the role of a Test Manager within SAP environments, coupled with the utilization of heatmaps for effective testing strategies.
Participants will gain insights into the responsibilities, challenges, and best practices associated with test management in SAP projects. Additionally, the webinar delves into the significance of heatmaps as a visual aid for identifying testing priorities, areas of risk, and resource allocation within SAP landscapes. Through this session, attendees can expect to enhance their understanding of test management principles while learning practical approaches to optimize testing processes in SAP environments using heatmap visualization techniques
What will you get from this session?
1. Insights into SAP testing best practices
2. Heatmap utilization for testing
3. Optimization of testing processes
4. Demo
Topics covered:
Execution from the test manager
Orchestrator execution result
Defect reporting
SAP heatmap example with demo
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Accelerate your Kubernetes clusters with Varnish CachingThijs Feryn
A presentation about the usage and availability of Varnish on Kubernetes. This talk explores the capabilities of Varnish caching and shows how to use the Varnish Helm chart to deploy it to Kubernetes.
This presentation was delivered at K8SUG Singapore. See https://feryn.eu/presentations/accelerate-your-kubernetes-clusters-with-varnish-caching-k8sug-singapore-28-2024 for more details.
Kubernetes & AI - Beauty and the Beast !?! @KCD Istanbul 2024Tobias Schneck
As AI technology is pushing into IT I was wondering myself, as an “infrastructure container kubernetes guy”, how get this fancy AI technology get managed from an infrastructure operational view? Is it possible to apply our lovely cloud native principals as well? What benefit’s both technologies could bring to each other?
Let me take this questions and provide you a short journey through existing deployment models and use cases for AI software. On practical examples, we discuss what cloud/on-premise strategy we may need for applying it to our own infrastructure to get it to work from an enterprise perspective. I want to give an overview about infrastructure requirements and technologies, what could be beneficial or limiting your AI use cases in an enterprise environment. An interactive Demo will give you some insides, what approaches I got already working for real.
GraphRAG is All You need? LLM & Knowledge GraphGuy Korland
Guy Korland, CEO and Co-founder of FalkorDB, will review two articles on the integration of language models with knowledge graphs.
1. Unifying Large Language Models and Knowledge Graphs: A Roadmap.
https://arxiv.org/abs/2306.08302
2. Microsoft Research's GraphRAG paper and a review paper on various uses of knowledge graphs:
https://www.microsoft.com/en-us/research/blog/graphrag-unlocking-llm-discovery-on-narrative-private-data/
Knowledge engineering: from people to machines and back
I Bytes Resources industry
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October Edition 2020
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About Us
Who We are Aim of this I-Byte Reasons to talk to us
ITShades.com has been founded with
singular aim of engaging and
enabling the best and brightest of
businesses, professionals and
students with opportunities,
learnings, best practices,
collaboration and innovation from IT
industry.
This document brings together a set
of latest data points and publicly
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Resources Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
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Table of Contents
1. Financial, M & A Updates...................................................................................................................................1
2. Solution Updates..................................................................................................................................................9
3. Rewards and Recognition Updates...................................................................................................................20
4. Customer Success Updates................................................................................................................................32
5. Partnership Ecosystem Updates.......................................................................................................................41
6. Environment & Social Updates........................................................................................................................54
7. Miscellaneous Updates......................................................................................................................................60
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Financial, M & A
Updates Resources Industry
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Financial, M&A Updates
IT Shades
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ALROSA (Russia) successfully sells large diamonds in Belgium and Israel
ALROSA announces the results of two auctions for special
size rough diamonds (over 10.8 carats) held in Belgium and
Israel this September. In Belgium, the company sold 133
rough diamonds with a total weight of 2,173 carats. The
overall revenue amounted to $7.4 million. Clients from
Belgium, India, Israel and United Arab Emirates (20
companies in total) bought the goods. The auction in Israel
brought ALROSA $13.3 million in revenue. The company
sold 100 rough diamonds with a total weight of 1,860 carats
to 31 participants from Israel, United Arab Emirates and
Belgium.
Executive Commentary
“The auctions’ results confirm the demand for high quality
rough diamonds. We saw this specifically at the Israeli
auction, where the total proceeds significantly exceeded
the reserve price. We also continue to monitor the market's
needs and focus on meeting the real demand from our
customers,” notedDeputy CEO of ALROSA.
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BHP (Australia) to acquire an additional 28 per cent working interest in Shenzi
from Hess
BHP announced that it has signed a Membership Interest Purchase and Sale Agreement
with Hess Corporation (Hess) to acquire an additional 28 per cent working interest in
Shenzi, a six-lease development in the deepwater Gulf of Mexico. Shenzi is structured as
a joint ownership: BHP (Operator, 44 per cent interest); Hess (28 per cent interest) and
Repsol S.A. (28 per cent interest). BHP and Hess have agreed to a purchase price of
US$505 million, subject to customary pre and post-closing adjustments. The acquisition
would bring BHP’s working interest to 72 per cent and immediately add approximately
11,000 barrels of oil equivalent per day of production (90 per cent oil). This transaction
is consistent with our strategy of targeting counter-cyclical acquisitions in high-quality
producing or near producing assets. While our strict Capital Allocation Framework tests
ensure all investments are resilient to low points in the commodity cycle, we also
recognise the potential for price upside over the medium term given the global slowdown
in development activity, and we are well positioned to participate in that upside. We
continue to believe that the fundamentals for oil and advantaged gas will be attractive for
the next decade and likely beyond.
Executive Commentary
BHP President Petroleum Operations, said: “This transaction aligns with our plans to
enhance our petroleum portfolio by targeted acquisitions in high quality producing
deepwater assets and the continued de-risking of our growth options. We are
purchasing the stake in Shenzi at an attractive price, it’s a tier one asset with
optionality, and key to BHP’s Gulf of Mexico heartland. As the operator, we have
more opportunity to grow Shenzi high-margin barrels and value with an increased
working interest.”
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CNX Resources (USA) and CNX Midstream Partners Announce
Completion of Merger
CNX Resources Corporation and CNX Midstream Partners LP announced that CNX has completed the acquisition of all of the
outstanding common units of CNX Midstream that it did not already own. As a result of the transaction, CNX Midstream common
units have been suspended from trading on the New York Stock Exchange.CNX Resources Corporationis one of the largest
independent natural gas exploration, development and production companies, with operations centered in the major shale
formations of the Appalachian basin. CNX deploys an organic growth strategy focused on responsibly developing its resource base.
As of December 31, 2019, CNX had 8.4 trillion cubic feet equivalent of proved natural gas reserves. CNX is a member of the
Standard & Poor's Midcap 400 Index. Additional information may be found at www.cnx.com. CNX is the parent company of CNX
Midstream, a master limited partnership that owns, operates, develops and acquires gathering and other midstream energy assets to
service natural gas production in the Appalachian Basin in Pennsylvania and West Virginia. CNX Midstream's assets include natural
gas gathering pipelines and compression and dehydration facilities, as well as condensate gathering, collection, separation and
stabilization facilities.
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Newmont (USA) Sells Royalty Portfolio for $90 Million
Newmont Corporation announced that it has entered into a definitive agreement with
Maverix Metals Inc. to sell a portfolio of eleven royalties. Newmont will receive total
consideration of approximately $90 million from Maverix, consisting of $15 million in
cash, 12 million Maverix common shares, and up to $15 million in contingent cash
payments payable upon completion of certain milestones. The royalties provide
exposure to five flagship gold assets owned and operated by growth-oriented mining
companies. The portfolio includes royalties on Camino Rojo and Ana Paula in Mexico,
Cerro Blanco in Guatemala, and Mother Lode and Imperial in the United States. The
Transaction builds on Newmont’s existing ownership interest in Maverix and provides
the Company additional participation in the future upside of a growing royalty and
streaming business. Maverix’s diversified portfolio includes over 100 royalties and
streams across 18 countries, with assets predominately located in Australia the Americas
and Mexico. Closing of the Transaction is expected to occur in the fourth quarter of 2020
upon completion of customary closing conditions, and once completed, Newmont’s
ownership interest in Maverix will increase from 26 percent to approximately 32 percent.
Executive Commentary
“This transaction further strengthens our strategic partnership with Maverix and
generates additional value for our respective shareholders,” said President and Chief
Executive Officer. “We remain focused on continuing to optimize our portfolio and
look forward to realizing further value through our position in Maverix.”
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Norilsk Nickel (Russia) Increases Investment In Industrial Safety
Norilsk Nickel, The world's largest producer of palladium and high-grade
nickel, as well as a major producer of platinum and copper, announces plans
to increase its investment program aimed at modernizing the fuel and
energy complex in 2020-2024. by more than 100 billion rubles (about 1.3
billion US dollars at the current exchange rate). The plans include the
expansion of a large-scale energy infrastructure investment program in
Taimyr, which was launched to provide energy resources for new growth
projects. An additional focus of the program will be to improve the
industrial safety level of all facilities, including those built on permafrost.
The expanded investment program includes the replacement of equipment
at thermal and hydroelectric power plants, the modernization of the power
grid and gas transmission complex, as well as the technical re-equipment of
the tank farm.
Executive Commentary
First Vice President, Operations Director commented on the expansion
of the company's investment program:“The development priority of our
company is sustainable production growth, which is impossible without
infrastructure development. That is why Norilsk Nickel is synchronizing
investments in the modernization of the fuel and energy complex with
the development of the mining and metallurgical base. Particular
attention is paid to the issue of the state of permafrost. We plan to
expand systemic monitoring of the state of permafrost zones and the
impact on them of climatic fluctuations in the Taimyr Peninsula in order
to ensure maximum safety of the infrastructure that provides both our
production facilities and residents of the cities of the Norilsk industrial
region. "
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Severstal (Russia) reports Q3 & 9M 2020 operational results
Q3 2020 GROUP HIGHLIGHTS
• Hot metal output increased 3% q/q in Q3 2020 to 2.40 mln tonnes following the completion of maintenance works at blast furnace facilities in the previous quarter. Crude steel production increased by 3% to 2.89 mln tonnes,
supported by growth in hot metal output.
• Consolidated sales of steel products increased 18% q/q to 3.01 mln tonnes in Q3 2020 (Q2 2020: 2.55 mln tonnes) reflecting production growth, a lower share of export shipments with a longer realisation period vs the
previous quarter and finished goods stock reduction.
• The Company increased its share of domestic steel shipments to 63% (Q2 2020: 56%) in response to a demand recovery in Russia in Q3 2020.
• The share of high value-added (HVA) products within the sales portfolio amounted to 49% (Q2 2020: 43%) as a result of delayed demand for HVA products, and the Company reduced HVA finished goods stock levels q/q.
• Sales volumes of coking coal concentrate from Vorkutaugol declined 5% q/q to 1.22 mln tonnes as a result of lower concentrate output and a lower run-of-mine (ROM-rate) at the Zapolyarnaya mine.
• Sales volumes of iron ore pellets increased by 3% to 2.61 mln tonnes (Q2 2020: 2.53 mln tonnes) on the back of iron ore pellet production growth and inventory sell-off q/q.
• Sales volumes of iron ore concentrate grew by 3% to 1.96 mln tonnes (Q2 2020: 1.90 mln tonnes), primarily driven by higher output at Karelsky Okatysh and Olcon.
9M 2020 GROUP HIGHLIGHTS
• Hot metal output remained flat y/y in 9M 2020 at 7.14 mln tonnes (9M 2019: 7.13 mln tonnes). Production of crude steel decreased to 8.55 mln tonnes (9M 2019: 9.13 mln tonnes) due to lower production volumes of EAF
steel following the disposal of Balakovo mini-mill in July 2019.
• The share of HVA products remained stable y/y at 45% in 9M 2020. The share of domestic shipments in 2020 was 58%, which is lower than in 2019 (9M 2019: 67%). This is a result of a deceleration in domestic demand in
2020 after achieving peak levels in the previous year and the disposal of the Balakovo mini-mill, which primarily served domestic markets.
• The average steel selling prices for 9M 2020 declined from 10% to 19% across the product range, as a result of adverse pricing dynamics of global benchmarks y/y.
• Iron ore concentrate sales volumes grew 14% y/y to 5.33 mln tonnes (9M 2019: 4.66 mln tonnes) driven by output growth at Karelsky Okatysh and the Yakovlevskiy mine y/y. The Company expects to achieve total production
of around 2mt of iron ore concentrate at the Yakovlevskiy mine in FY2020.
• Coking coal concentrate sales volumes from Vorkutaugol increased 3% y/y.
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Key Financial Highlights
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Stora Enso (Finland) invests in Forshaga to develop sustainable barrier
solutions
Stora Enso is making an investment in dispersion barrier technology at its Forshaga site in Sweden, as a step in its innovation
agenda. The investment of approximately EUR 10 million enables the development and production of paperboard with barrier
properties that are easier to handle in a recycling process, have a lower carbon footprint and can be compostable in industrial
facilities. The new equipment is expected to come into use during the second quarter of 2021. Stora Enso Forshaga manufactures
and develops barrier solutions that are required in certain packaging, for instance to protect against liquid, moisture, oxygen or fat.
Liquid packaging, beverage cups and certain food packaging are some of the products that have a barrier which serves to protect the
packaged product, while also ensuring that the packaging maintains its user-qualities. The investment in new dispersion technology
aims to achieve the desired barrier properties in a more sustainable way.Stora Enso Forshaga has an annual capacity of
approximately 120 000 tonnes of barrier coating across two machines/coating lines, with around 100 employees. Since the
beginning of this year, the Forshaga site has also become a competence center within Stora Enso’s Packaging Materials division,
tasked with producing and developing new bio-based barrier technologies and products.
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Vale (Brazil) Invests in Genetic Research to Help in the development of Vaccines
and Drugs against the Novel Coronavirus
Vale Institute of Technology (ITV) and Fiocruz will carry out the most extensive genome
sequencing study of the novel coronavirus (Sars-CoV-2) so far developed in the country. Both
institutions will collect at least 1,000 samples of the virus that causes COVID-19, which has
become the greatest challenge for humanity. The goal is to contribute with further knowledge
about the virus in the search for a vaccine and medicine that can reduce the impact of the disease;
foster epidemiological studies; correlate genetic variations of the virus with the clinical history of
the disease; and develop more accurate diagnostic tests. Vale will invest R $ 2.4 million in the
research which began in June 2020 and will be conducted over a period of two years. Samples
will be provided by collection centers located in all Brazilian states. For sake of comparison, by
May 2020, only 290 samples of Sars-CoV-2 had been sequenced in Brazil, with only 157
considered high quality. Other initiatives underway have not yet disclosed the sequences. This is
still a small sample compared to what is needed to understand the genetic variability (mutation)
manifested by the virus in Brazil, which gives it a unique identity. This study intends to collect at
least 2,000 samples of the virus. The works combined will add significant scientific knowledge
to the fight against the virus in the country. 35,000 high-quality SARS-CoV-2 genomes have
already been sequenced worldwide, each representing the characteristics of the virus circulating
in the regions where they were collected.
Executive Commentary
"We need to understand the 'Brazilian DNA' of Sars-CoV-2, find out how it spread across the
country, the transmission routes and how mutations affect the target molecules for diagnostic
tests, and drugs and vaccines to make these disease control tools more efficient, "explained
scientific director at Vale Institute of Technology. According to Guilherme, a large number of
sequenced genomes will enable them to refine the studies on the behavior of the virus based
on its genetic variability. Mapping of genome sequences will generate information that will
serve as a basis for studying new coronaviruses that may emerge in the future.”
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Solutions Updates
Resources Industry
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ALROSA (Russia) introduced ALROSA Video-Viewer solution for remote
viewings of diamonds
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9
Solution Description
United Selling Organization of ALROSA has successfully upgraded its ALROSA Video-Viewer service, allowing its
clients to view goods remotely in a real time with the assistance of ALROSA’s experts. ALROSA started actively
developing the solution for remote viewings of diamonds this spring, when the COVID-19 pandemic and related
restrictions halted traditional customers’ visits to the company’s office for goods’ review and selection for several months.
This resulted in a new ALROSA Video-Viewer service that gives clients an opportunity to review goods in a
videoconferencing mode. They have a real-time communication with ALROSA’s expert, who is directly working with
rough. The clients’ feedback indicates that the service allows them to thoroughly study goods from all angles, compare
positions with each other and obtain all data they need to make an informed choice.
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CEMEX (Mexico) and Carbon Clean to develop low-cost carbon capture
technology
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Solution Description
CEMEX, S.A.B. de C.V. announced that, through CEMEX Ventures, its Corporate Venture Capital unit, it has signed an agreement with Carbon Clean, a leader in
low-cost modular carbon dioxide capture and separation technology, aimed at developing a carbon capture solution for the cement industry that lies below the line of
U.S.$30/ton cost of CO2 captured. The ambitious target of making carbon capture technology accessible and more efficient would be an unprecedented achievement for
the cement sector, opening a door of opportunities for further developments. With the responsibility of taking action to fight climate change and shift towards a
carbon-neutral economy, CEMEX joins forces with Carbon Clean to make possible the development of a technology that allows for the economically viable capture of
CO2 emissions in the cement industry at industrial scale. As part of the agreement, both companies will further develop and adapt Carbon Clean’s third generation
modularized carbon capture technology for the cement industry. Carbon Clean uses an integrated modular system that works using rotating packed beds (RPBs) to
intensify the carbon capture process. This technology could provide a significant reduction in both capital cost and equipment size, when compared to traditional capture
technologies, enabling the wider-scale commercial deployment of carbon capture systems. The technology will be tested for the first time in the cement industry at a
CEMEX facility by deploying an industrial-scale pilot during the first quarter of 2021. CEMEX and Carbon Clean will jointly work toward making the solution even
more efficient before the construction of what would be the most cost-effective commercial installation for carbon capture in the cement industry to date. With the
capacity to capture up to 100,000 tons of CO2 per year at a cost lower than U.S.$30/ton of CO2 captured; this is a very relevant step in developing the technology required
for adoption by the entire cement sector at a worldwide scale.
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EVRAZ (UK) launches internal marketplace
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Solution Description
EVRAZ has implemented a unique supply project, unprecedented in the steel-making sector globally. The company
launched an internal online shop, EVRAZ marketplace, enabling much faster procurement of goods and products needed
for the business. The marketplace was set up to facilitate sourcing of materials and supplies, making it fast and convenient.
Thanks to digitalisation, waiving tenders, and organising delivery straight to production sites, bypassing the central and
interim warehouses, delivery time has been reduced to 48 hours. It takes no more than 15 minutes to make an order, which
can later be managed and tracked via personal online profile. The marketplace is accessible both from stationary PCs and
mobile devices. The project took only three months to develop thanks to using the Agile approach. EVRAZ Marketplace
was successfully tested in Siberia Division and is now scaled to Urals and Coal Divisions. The product range of the
marketplace is now 300,000 items across four product categories; by the end of 2020, it will span 20 categories.
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JFE Steel (Japan) Rolls Out Mixed-reality Training Simulator will
facilitate safe and effective skills transfer to young employees
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Solution Description
JFE Steel Corporation announced that it has installed a training simulator incorporating advanced mixed reality (MR) technology at its West Japan Works. The system is the first in the
Japanese steel industry to use MR technology for training in steel-mill skills that closely approximates actual hands-on training. Virtual reality (VR) involves the use of
computer-generated virtual spaces whereas augmented reality (AR) adds information to real-world environments to augment real-world experiences. MR, however, merges real and
virtual worlds to create new environments in which physical and virtual elements coexist in real time. Although JFE Steel uses highly qualified educators to ensure that workplace
skills are passed down effectively, in many cases on-the-job training is still required so that young workers can master certain skills through experience, such as working with molten
material at high temperatures, even though such processes involve high operational and safety risks. Passing on such skills safely and effectively therefore poses challenges, especially
now, because young employees are accounting for an increasing proportion of the company’s workforce due to rapid generational changes in personnel at JFE Steel mills. To address
this situation, JFE Steel decided to deploy MR technology in virtual training environments, particularly for tasks requiring hands-on experience, to eliminate real-world risks. The
company is now using MR technology to create training environments that merge the real-world body movements of trainees with highly realistic computer-generated virtual factory
floors. Trainees can move equipment around in virtual 3D spaces and use actual switches to perform certain operations, thereby experiencing what it is like to operate equipment under
both normal and abnormal conditions. More specifically, JFE Steel’s new training simulator enables trainees to practice tasks such as adjusting the volume of molten steel that is poured
into a continuous casting machine. In addition to normal operations, abnormal conditions can be replicated, such as a pouring nozzle becoming clogged, allowing employees to learn
how to handle unexpected occurrences in environments that mirror real-world conditions. Various scenarios can easily be added for training covering a wide range of abnormal
circumstances. Using the MR system before actual on-the-job training not only reduces the operational and safety risks of traditional training, it also helps trainees to learn how to
assess and respond to abnormal conditions quicker and more effectively.
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JFE Steel (Japan) and NEDO Begin Demonstration Testing of Ferro Coke
Production at medium-scale Facility
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Solution Description
The New Energy and Industrial Technology Development Organization (NEDO) and JFE Steel Corporation announced that they completed a medium-scale ferro
coke production facility with a daily production capacity of 300 tons and then began demonstration testing on October 9, aiming to develop ferro coke production
technology that reduces energy consumption and CO2 emissions in the ironmaking process by approximately 10% by around 2023. The test, which is being
implemented in cooperation with Kobe Steel, Ltd. and Nippon Steel Corporation, is part of a project “Technological development of Ironmaking process utilizing
ferro coke”. The new facility is located at JFE Steel’s West Japan Works in Fukuyama, Japan.For many years, Japan’s steel industry has been engaged in aggressive
efforts to increase efficiency and reduce the carbon footprint of ironmaking. As the impact of climate change becomes more apparent, the demands for energy
conservation and CO2 emissions reduction have intensified. NEDO and JFE Steel, working in cooperation with Kobe Steel and Nippon Steel, have been
conducting a project “Technological development of ironmaking process utilizing ferro coke1” since fiscal 2017.Ferro coke2 is an innovative blast furnace raw
material produced from low-grade coal and low-grade iron ore in ironmaking process. The catalytic effect of metallic iron, which accounts for approximately 30%
of the content of ferro coke, dramatically increases the reduction efficiency of iron ore, reducing the coke rate at the blast furnace, thereby significantly reducing
the resulting amount of CO2 emissions.The medium-scale facility is one-fifth the 1,500-ton daily production capacity envisioned for commercial operation. It
comprises equipment crushing and drying, mixing and briquetting, and shaft furnace. Crushed low-grade coal, low-grade iron ore, and a binder are mixed and
briquetted, and then subjected to shaft furnace to obtain ferro coke containing metallic iron.
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Nippon Paper Industries (Japan) Completes NSATOM®, a Next-Gen
Aseptic Filling System for Paper Packaging
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Solution Description
Nippon Paper Industries Co., Ltd. and Shikoku Kakoki Co., Ltd. have completed NSATOM®, a next-gen aseptic filling
system for paper packaging that supports filling involving particles, long fibers, and high viscosity, and allows for ambient
distribution. The two companies will begin receiving orders for NSATOM from customers, with a focus on beverage
manufactures, in November 2020.Previously, Nippon Paper Industries and Shikoku Kakoki jointly developed NS-FUJI,*1 an
aseptic filling system for brick-shape paper packages that was designed for long shelf-life and ambient distribution, and this
system has been used for more than three decades to deliver products safely and securely to Japanese customers.Leveraging
their expertise, the two companies jointly developed NSATOM® in 2018 to be a novel system that supports filling involving
particles, long fibers, and high viscosity, an operation that conventional aseptic paper package filling systems were unable to
accomplish satisfactorily. Following this development, the companies worked to verify the system's functionality and make it
ready for the market. Now, all verification has been performed and the new system is complete.
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Nornickel (Russia) Automated Internal Audit Based On Sap Solution
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Solution Description
Norilsk NickelCompleted the project of comprehensive automation of internal audit based on SAP Audit Management. By using a unified
system, the company has increased the efficiency of audit procedures and reduced the time required for preparing analytical reports. The task
of the internal audit department at Norilsk Nickel is to carry out objective and independent audits, during which the effectiveness of the
internal control and risk management systems is assessed. On the basis of these inspections, reports and proposals for improving the internal
control procedures are prepared, continuous control over the development of action plans to eliminate violations and monitoring of its
implementation are carried out. As a result, a unified system was created in which it is possible to plan and conduct an audit, as well as record
the status of audits and identified deficiencies. In addition, the system allows you to create analytical reports, monitor the implementation of
recommendations and store all the necessary documents. At the time of the start of the digital project, the company did not have a unified data
warehouse for audits and monitoring the implementation of recommendations, as well as information on the status of audits and the annual
work plan of the department.From a technical point of view, the new system in the company is built using several digital solutions: the main
IT product SAP Audit Management and the SAP BW platform based on HANA, which is used to generate analytical reporting.
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NLMK (Russia) implements digital solution for equipment procurement
management
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Solution Description
NLMK Group, a global steel company, has implemented the SAP Ariba Sourcing procurement management system to improve the efficiency of
equipment selection and acquisition. The system allows standardizing the process of selecting suppliers, comparing technical characteristics of
equipment and terms of cooperation, and monitoring order fulfillment and compliance with deadlines. The digital solution will reduce procurement
operating costs by 20-40%. SAP Ariba Sourcing is a one-stop-shop solution that combines multiple tasks related to supplier selection within a single
system, including the development and approval of basic engineering, preparation of a list of necessary equipment, filling out questionnaires, and
selecting a counterparty based on technical and commercial criteria. The system enables all procurement process participants to interact effectively in
a single space, saving the company's time and resources.NLMK Group is the largest steelmaker in Russia and one of the most efficient in the
world.NLMK Group’s steel products are used in various industries, from construction and machine building to the manufacturing of power-generation
equipment and offshore wind turbines.NLMK operates production facilities in Russia, Europe and the United States. The Company’s steel production
capacity exceeds 17 million tonnes per year.NLMK has a highly competitive competitive cash cost among global manufacturers and one of the highest
profitability levels in the industry. In 12M 2019, the Company generated $10.6 bn in revenue and $2.6 bn in EBITDA. Net debt/EBITDA stood at 0.7
х. The Company has investment grade credit ratings from S&P, Moody’s, Fitch, and RAEX (Expert RA).
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Smurfit Kappa (Ireland) launches sustainable new alternative for banana
producers
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Solution Description
Smurfit Kappa, a FTSE 100 company and leading provider of paper-based packaging solutions, has extended its range of sustainable and biodegradable products
for the agricultural sector with the launch of BanaBag®. BanaBag® is an innovative and sustainable product created by Smurfit Kappa to address the quality
assurance needed for excellent bagging during the complete growth cycle of the banana plant. It is a unique solution for organic producers because it protects the
fruit from disease and insects, whilst also reducing the overheating that can result from using other materials like plastic. The BanaBag® is made from cellulose
which acts as a natural insulator to the growing bananas maintaining the quality of the product even in higher temperatures. In addition to advantages in the farming
process, BanaBag® is the right choice for banana producers that are supplying international markets where consumers are demanding sustainable products with
traceable production processes and supply chains. The BanaBag® is 100% paper-based, making it renewable, recyclable and biodegradable and importantly, it can
be used as compost for the soil.These trends have led the organic banana sector to implement environmentally friendly processes in their plantations, without
sacrificing quality and efficiency throughout all stages of the fruit´s growth.The use of non-sustainable materials in Dominique Banana´s production process was
a huge challenge for the company, because of their difficult recycling process and the problems of land pollution. Additionally, because the plastic bunch bag
commonly overheated the fruit, this contributed to lost produce. By implementing the Smurfit Kappa BanaBag® in the Campo Alegre and Granja plantations, the
fruit´s quality increased, post-harvest recycling processes were optimised and the soil was fertilised since BanaBag® is compostable.
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Stora Enso (Finland) starts the production of new-generation formed
fiber products free from plastic and PFAS
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Solution Description
Stora Enso has started the production of formed fiber food service products at Hylte Mill in Sweden. The production ramp-up follows the
investment announced in 2019 and enables the manufacture of products that are renewable, recyclable and biodegradable. The PureFiberTM
by Stora Enso eco-product range is produced without plastic and per- and polyfluoroalkyl substances (PFAS), enabling a safe and sustainable
alternative for fresh food packaging. The Group is also investing in more formed fiber capacity in Sweden and China. Through its partnership
with HS Manufacturing Group and its patented technology, PROTĒAN®, Stora Enso offers a plastic-free barrier technology for food contact
packaging applications. The joint patent-pending technology offers a recyclable and biodegradable solution that gives fiber-based packaging
water-, grease- and oil-resistant barrier properties, without plastic or PFAS. The solution can be applied for a range of products, such as
single-use food service items. A Life Cycle Analysis study shows that the PureFiberTM product line has a CO2 footprint that is approximately
75% lower compared to competing packaging materials.To meet the demand for formed fiber solutions, Stora Enso is investing in additional
production capacity in Hylte Mill in Sweden and Qian’an Mill in China. The annual capacity at both mills will be approximately 115 million
units of products.
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voestalpine (Austria) opens the world’s most advanced continuous caster
at the site in Donawitz
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19
Solution Description
The voestalpine Metal Engineering Division produces high-grade steels at its site in Donawitz, for processing into special rails for railway
infrastructure, premium wires for the automotive industry, and high-quality seamless tubes for oil & gas exploration. The start-up of a new, fully
automated continuous caster will allow the Group to further increase the quality of the steel grades which are used in the manufacture of highly
advanced end products. The state-of-the-art facility represents an investment volume of around EUR 90 million and has an annual production
capacity of one million tons.Whether for the mobility industry, the energy sector, or railway infrastructure, the quality standards and load-bearing
capacity requirements being demanded of the materials employed are constantly increasing. The new continuous caster CC4 at the site in
Donawitz, replacing the existing facility which has been in service for over 40 years, allows voestalpine to immediately start manufacturing even
higher purity steels with optimal surface properties. Consequently, cracks caused by extreme stresses on the rail surfaces, for example, can be
prevented through the use of homogenous material structures.During the continuous casting process, liquid crude steel is processed into steel
blocks, so-called “blooms,” which are then used to manufacture finished products. The CC4 is the new heart of steel production at Donawitz and
fully complies with all Industry 4.0 standards. It effectively permits the fully automated production, handling, and loading of the blooms.
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Rewards & Recognition
Updates Resources Industry
27. R & R Updates
IT Shades
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Fortune recognizes CEMEX (Mexico) again as a company that changes
the world
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CEMEX, S.A.B. de C.V. announced that it was once again included in the "FORTUNE 2020 Change the World" list, which highlights companies around the
world that have generated a social impact through activities that are part of their business strategy. With its inclusion in the 2015 and 2017 FORTUNE
“Change the World” lists, this is the third time that CEMEX has received this distinction. FORTUNE recognized CEMEX's efforts in social impact business
models. One of the recognized initiatives was the rapid deployment of solutions to meet the current challenges caused by the COVID-19 pandemic. Working
with the Mexican Institute of Social Security and in coordination with more than 20 multisectoral partners in Mexico, CEMEX built mobile hospitals with
highly durable precast antibacterial concrete modules in a record time of two weeks per medical facility. This effort in Mexico will be replicated in other
countries where CEMEX has operations to contribute to global challenges positively.Each year, FORTUNE looks for companies with recent impact. The
initial solicitation and assessment of nominees is conducted in partnership with the Shared Value Initiative, a global platform for organizations seeking
business solutions to social challenges. A team of journalists from FORTUNE then investigates each of the candidates independently. The final list is selected
and ranked by the editors of FORTUNE based on its reporting and analysis. FORTUNE's annual "Change the World" list is intended to showcase capitalism's
power to improve the human condition by identifying companies that have made an important social or environmental impact through their profit-making
strategy and operations. FORTUNE considered four criteria: Measurable social impact, Business results, Degree of innovation, and Corporate Integration.
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Wildlife Habitat Council grants CEMEX (Mexico) the Corporate
Conservation Leadership Award 2020
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CEMEX, S.A.B. de C.V. announced the Wildlife Habitat Council ("WHC") granted it the 2020 Corporate Conservation Leadership Award
honoring the company's overall achievement in biodiversity conservation efforts. The Corporate Conservation Leadership Award is the most
prestigious recognition presented annually by WHC. It signifies an exemplary corporate commitment to biodiversity and conservation education
and meaningful alignments with global conservation objectives.The WHC explained that CEMEX had received Conservation Certification status
for 12 programs within this past certification cycle with a combined total of 15 qualifying projects. Projects within these programs are aligned with
a corporate commitment to biodiversity conservation themes such as awareness and engagement, formal learning, landscaping, and wetlands, and
large-scale initiatives.CEMEX currently has 30 programs certified by the WHC, located in 8 U.S. states, Mexico, the Dominican Republic,
Panama, Poland, Costa Rica, and Colombia.WHC certified programs include the California State Wildlife Action Plan, the Friends of Verde River
Cooperative Invasive Plant Management Plan, BirdLife International, and a multi-agency research initiative for the Georgia black bear population.
The Strategy for the Conservation of Chihuahuan Desert Grasslands, Program of Action for the Conservation of mammals in El Carmen Nature
Reserve, the Annual Plan of the National Ramsar Committee of the Dominican Republic, and Panama's Alliance for a Million Hectares.
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HBIS ranks 59th among “Top 500 Chinese Enterprises” in 2020 and has
the highest degree of internationalization in the Chinese steel industry
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The China Enterprise Confederation and China Entrepreneurs Association officially announced the 2020 Top 500 Chinese Enterprises, Top 500 Chinese Manufacturing Enterprises,
and Top 100 Chinese Multinational Companies at the "2020 China Top 500 Enterprises Summit Forum". With 354.7 billion yuan in operating income and 67.3 billion yuan in total
overseas assets, the group was shortlisted in the three major lists, ranking 59th, 18th and 35th respectively. Among them, in the ranking of China's 100 largest multinational companies,
the group continued to rank as the most internationalized company in China's steel industry with total overseas assets of RMB 67.3 billion, overseas revenue of RMB 118.8 billion,
and a multinational index of 19.84%. HBIS has deepened its supply-side structural reforms, comprehensively accelerated the transformation and upgrading of the steel industry, the
development of strategic emerging industries and the global layout, and its comprehensive competitiveness continued to increase. Focusing on the "market" and "products" in an
all-round way, promoting the re-optimization of the "two structures" as the core of the key tasks to continuously make new progress, and promote the extension of steel to materials
and the expansion of manufacturing to services. Adhere to innovation-driven development, unswervingly follow the high-end line of variety and quality, create Hegang's unique "single
champion" product, and accelerate its progress toward the high end of the industrial chain. Vigorously cultivate strategic emerging industries, continuously optimize the industrial
structure, and accelerate the transformation from a "follower" in traditional industries to a "leader" in emerging fields. Actively integrate into the “Belt and Road” construction,
accelerate the globalization layout, consolidate and enhance the leading international advantages, and further enhance the international competitiveness and brand influence of HBIS.
It has become the steel enterprise with the highest degree of internationalization in China. HBIS Saigang's management team was awarded the title of "Model of the Times" by the
Central Propaganda Department. On October 15, 2019, Yu Yong, Secretary of the Party Committee and Chairman of the HBIS Group, officially took office as the 41st Chairman of
the World Steel Association in Monterrey, Mexico. Hegang has entered the world's top 500 for 12 consecutive years, ranking 218th in 2020.
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MMK (Russia) strengthens position in top 20 of Forbes rating
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Magnitogorsk Iron and Steel Works (MMK) took 15th place in Russian Forbes’ rating of the 200 largest private companies in
Russia. Forbes has published a new instalment of its rating of the 200 largest private companies in Russia based on 2019
financial results. The rating includes companies whose capital is controlled by individuals (over 50%) and is based on
company revenues for the previous year. MMK took 15th place in the rating in terms of 2019 revenue, thereby moving up one
place compared to last year's rating. MMK is one of the world's largest steel producers and a leading Russian metals company.
The Company's Russian assets include a large steel producing complex encompassing the entire production chain, from
preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a
predominant share of high-value-added products. In 2019 MMK Group produced 12.5 million tonnes of crude steel and 11.3
million tonnes of commercial steel products. MMK Group had sales in 2019 of USD 7.566 million and EBITDA of USD
1.797 million.
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MMK (Russia) among the best Russian companies in terms of
anti-corruption compliance
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According to the results of the Anti-Corruption Rating of Russian Business issued by the Russian Union of Industrialists and Entrepreneurs (Russian
acronym RSPP), Magnitogorsk Iron and Steel Works (MMK) ranked among the companies with the highest level of anti-corruption efforts in the country.
MMK was assigned the highest rating, class "A", in the first national Anti-Corruption Rating of Russian Business and ranked among the 23 best companies
in Russia in terms of anti-corruption. The RSPP's anti-corruption rating, intended as a tool for assessing levels of corruption in the activities of big business,
included 50 companies that topped the EXPERT 400 rating of major Russian companies at the end of 2019. The rating also included companies that passed
an independent review in 2019 of how the Russian Anti-Corruption Charter for Business was implemented at those companies in line with public
confirmation procedures.The rating is based on the opinion of independent experts, who assessed the companies for compliance with the international
standard on anti–bribery management systems (ISO 37001:2016) and the requirements of the Russian Anti-Corruption Charter for Business. According to
the Introduction to the 2020 rating, "the strategic goal of the rating is to increase the openness and transparency of Russian business."MMK actively works
to fight corruption. The Company has for several years implemented a corporate anti-corruption policy, which confirms MMK’s and its management's
commitment to high ethical standards and to the principles of open and fair business, as well as MMK's desire to improve its corporate culture, following
best practices in corporate governance and maintaining a strong business reputation.
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From car parts to sparkling wine, Mondi (UK) wins awards for
innovative and sustainable packaging solutions
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Mondi, a global leader in sustainable packaging and paper, and home of innovation for a variety of industry partners, recently received two ScanStar awards and
two Obal Roku awards recognising its expertise in automotive, e-commerce and FMCG packaging solutions. Mondi Ansbach (Germany) developed the double
ScanStar award-winning transportation packaging solutions for Volvo. The team works closely with its automotive industry customers to create value-added
corrugated solutions that protect heavy-duty goods such as brake boosters and headlamps, while improving processes and logistics. The ScanStar jury especially
highlighted these factors:
• cost-effectiveness
• sustainability
• stability
• improvement in work ergonomics
At this year’s Obal Roka awards, Mondi Bupak (Czech Republic) won in the Technology & Process category with its special edition sparkling wine box for
Bohemia Sekt, which stood out thanks to the imaginative design and high printability capabilities of the Bupak plant. Mondi’s EnvelopeMailer won the
E-commerce category, giving customers a fully recyclable alternative to polyethylene bags and polyethylene-coated products when shipping e-commerce goods.
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Mondi (UK) shines by winning two awards for sustainable food
packaging
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Mondi, a leading global packaging and paper manufacturer, has been recognised in this year’s Austrian Green Star Packaging Awards for two recent sustainable packaging innovations developed using its
customer-centric approach, EcoSolutions:PerFORMing - paper-based packaging with special barrier coating to protect cheese slices. Austria’s biggest retailer REWE worked together with Mondi to launch a
more sustainable cheese tray for their organic brand Ja! Natürlich. Mondi developed a special kraft paper, Advantage Formable Brown, to replace rigid plastic trays. Its unique stretch characteristics mean it can
be formed into a shallow tray enhanced with a special barrier coating.This PerFORMing technology combines 80% paper, a renewable and recyclable raw material, with a 20% barrier coating.
Technical details about PerFORMing:
• Formable paper packaging with a patented barrier
• Made from natural brown paper (Advantage Formable Brown)
• Ideally suited for shallow food trays (e.g. for cheese, meat or fish)
• High symmetrical stretch for uniform formability
• Suitable for existing filling lines
• Results in 70% less plastic used compared to rigid plastic trays
• 70% CO2 reduction compared to plastic alternative
Technical data for the recyclable thermoforming film:
• Newly developed plastic film for thermoforming applications, which fulfills all functionalities of previous multi-material structures
• Completely recyclable through the use of a mono-material
• Significant improvement of the CO2 balance compared to existing packaging is possible up to 50%
• Suitable for packaging products with excellent sealability requirements, as top and bottom film are made of the same material
• Gives food a longer shelf life due to a unique gas barrier
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Norilsk Nickel (Russia) Leaders Become Leaders In The Top-1000
Russian Managers Rating
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The rating of top managers has been prepared and presented since 2001 by the Association of Managers and the Kommersant
publishing house. "Top 1000" is an annual prize awarded to the most outstanding representatives of the Russian business
community with the highest professional reputation. The top list is traditionally formed by industry experts according to the
principle “the best choose the best” and is an important tool for assessing the professional reputation of Russian top managers.
The study summarizes the results of the work of top management for the year and identifies leaders in industries and
functional areas. The managers who take the leading places in the rating become nominees for the final award of the
Association of Managers. The laureates of the award are determined by voting of the members of the Top-1000 Prize
Academy. Top management of Norilsk Nickel is widely represented among the leaders of this year. The head of the company,
Vladimir Potanin, has traditionally entered the rating in the Business Leader nomination.
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POSCO (South Korea) Rated as ‘Excellent’ in 2019 Win-Win Growth
Index
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POSCO was selected as “Excellent,” the highest grade, in the 2019 Win-Win Growth Index evaluation announced by the National Commission for Corporate Partnership NCCP
held its 63rd commission on September 8 and announced the result of the 2019 Win-Win Growth Index evaluation. POSCO has been well-received for actively implementing
its management philosophy, ‘Corporate Citizenship,’ among group companies through seven major shared growth programs*. POSCO is the only company in the steel industry
to receive the highest grade.The Win-Win Growth Index shows the level of shared growth between large companies and SMEs. Since 2011, NCCP has been announcing the
INDEX once a year.NCCP measures the Win-Win Growth Index based on the following: 1) comprehensive evaluation of shared growth by NCCP, and 2) evaluation of fair
trade implementation by the Fair Trade Commission (FTC). The companies, subject to the index evaluation, include those that are among the top companies in domestic sales
and are receiving high social interest from the public. The target companies for the 2019 Win-Win Growth Index reached a total of 193.POSCO has been subject to evaluation
since the beginning of the index announcement. The company set up a separate organization dedicated to shared growth from 2005 and has been committing to share growth
with SMEs and to create a sound industrial ecosystem where economic and social values are in a virtuous circle. Recently, POSCO has branded its shared growth program under
the name “Change Up Together” and is operating 33 related programs, including the seven major programs. The target of the shared growth activities includes primary suppliers,
partner companies, and clients, as well as secondary suppliers and companies that have no direct business with POSCO.In addition, POSCO co-created the ‘Steel Shared
Growth Fund’ worth 100 billion KRW in June with Hyundai Steel to support SMEs in the steel industry suffering from the aftermath of the COVID-19 issue. The fund offers a
loan rate that is 1.05 percent point lower than the market, providing practical support to companies that are struggling with liquidity.
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Smurfit Kappa's (Ireland) innovative packaging recognised with 18 EFIA
Awards
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Smurfit Kappa has walked away with a substantial 18 awards at the European Flexographic Industry Association (EFIA) Awards, including three Gold awards and a Special Award, further consolidating its leadership in the packaging industry. The EFIA
Awards celebrate technical innovation and creativity in flexographic printing.Full list of the EFIAAwards 2020 that Smurfit Kappa won
• Special Award Student of the Year
• Gold Stella VBI 24 Pack
• Gold Mibelle Head & Shoulders
• Gold WD40 Spray Tin
• Silver Molson Canadian
• Silver Hendricks Wonder 6 Carton
• Silver Kimberly Clark Pure 6 Pack
• Silver British Ales
• Silver Hendricks Gin 12x1L
• Silver Haribo Eggs Galore
• Silver Instalight
• Bronze Stella Xmas 2019
• Bronze Muller Tiramasu
• Bronze Plasto Sac UK Royal Gala Apples
• Bronze Perky Pets Intro Pack
• Bronze Haribo Supermix £1 Promo
• Bronze Kimberly Clark Jumbo Pure
• Highly Commended Hendricks Orbium 6x70cl
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UPM (Finland) recognised as UN Global Compact LEAD Participant for
its sustainability work
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UPM has been again recognised as a UN Global Compact LEAD participant for its strong commitment to responsible
business. UPM has had the LEAD participant status since 2016 and is the only forest industry representative and also the
only Finnish company among the 41 LEAD participants. UN Global Compact is the world’s largest corporate
sustainability initiative. UPM signed the initiative already in 2003.To be eligible for LEAD status, a company must be a
participant in at least two Global Compact Action Platforms. Companies also need to demonstrate engagement with the
initiative and commitment to defining and fostering leading practices in line with the UN Global Compact Ten Principles
for responsible business and the Sustainable Development Goals. In addition, the companies are to report on their progress
on implementing the Ten Principles on annual basis.
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voestalpine (Austria) included in the international FTSE4Good Sustain-
ability Index for the first time
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31
voestalpine has recently joined the FTSE4Good Index family, one of the most well-respected sustainability indexes on the international stock markets. Its
inclusion highlights once again the steel and technology group’s clear commitment to sustainable corporate governance and climate protection. It will also
allow voestalpine to present itself more strongly to investors and private shareholders in the sustainable investments market. Formed in 2001, the
FTSE4Good Index Series provides a recognized evaluation and decision-making basis for investors concerned about sustainability. Each year around 7,200
securities are evaluated according to strict ESG (environmental, social, and governance) criteria, with the criteria themselves defined and regularly updated
by an independent committee of NGOs, consultants, public bodies, academics, corporate representatives, and the investment community.The seriousness
with which voestalpine takes its economic, social, and ecological responsibilities is also laid out in the most recent edition of its Corporate Responsibility
Report. As an industry pioneer in environmental protection, voestalpine is continually implementing new measures to reduce the consumption of resources
in steel production, as well as following a long-term decarbonization strategy. The Group also actively helps to protect the climate with products including
lightweight construction steels for the automotive industry, fully digital rail infrastructure systems, and innovative steel solutions for renewable energy
generation. Furthermore, voestalpine prioritizes responsible and transparent supply chain management.Lastly, the Group’s focus on sustainability is also
mirrored in its placing of a syndicated sustainability loan, with its interest rate linked, amongst others, to its sustainability performance.
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Norwegian Government selects HeidelbergCement’s carbon capture
project in Norway
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32
Norwegian government proposed to the Norwegian parliament to launch the carbon capture project at the HeidelbergCement Norcem
cement plant of Brevik, Norway. With 400,000 tonnes of CO2 to be captured annually and transported for permanent storage,
HeidelbergCement is planning to realise the first industrial-scale carbon capture and storage (CCS) project at a cement production facility
in the world at Brevik. The proposition of the Norwegian government is the second last step in the approval process for the project. As
the final step, the Norwegian parliament is expected to sign the budget until the end of 2020.The Norwegian government shortlisted
Brevik for an industrial-scale CO2 capture trial at the beginning of 2018. On 5 September 2019, a memorandum of understanding on the
capture and storage (CCS) of CO2 was signed by HeidelbergCement and the state-owned Norwegian energy Group Equinor. The project
funding is largely supported by the Norwegian Government.HeidelbergCement has committed itself to reduce its specific net CO2
emissions per tonne of cementitious material by 30% compared to 1990 by 2025. This figure had previously only been targeted for 2030.
To achieve this, the company has defined concrete CO2 reduction measures for all plants worldwide. HeidelbergCement aims to realise
its vision of carbon-neutral concrete by 2050 at the latest.
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HeidelbergCement (Germany) supplies material for Germany’s first 3D
printed residential building
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HeidelbergCement supplies the material for Germany’s first printed residential building made of concrete. The high-tech material “i.tech 3D” was developed by the
HeidelbergCement subsidiary Italcementi specifically for 3D printing and is suitable for versatile use with various types of 3D printers. It is undoubtedly a milestone: for
the first time in Germany, a residential building has come out of a printer. The two-storey detached house in Beckum, North Rhine-Westphalia with approx. 80 m2 living
space per floor consists of three-shelled walls filled with insulating compound. The premiere house is produced by a 3D concrete printer installed on site. The printing
results of HeidelbergCement’s material are convincing and the ground floor is almost standing.The house in Beckum is printed by PERI, one of the leading manufacturers
of formwork and scaffolding systems for the construction industry. “The construction of the 3D-printed residential building in Beckum is a milestone for 3D construction
printing technology”, says Innovation & Marketing Director at PERI GmbH. “We are very confident that construction printing will become increasingly important in
certain market segments over the coming years and has considerable potential. Other residential printing projects are now being drawn up in Germany. We are proud that
PERI’s involvement in the project in Beckum has seen us become a pioneer and forerunner for this new construction technique.” The engineering office Schießl Gehlen
Sodeikat supported the development of the concept for obtaining the approval, the planning and execution of the corresponding approval tests was carried out by the
Technical University of Munich.The portal printer was developed by COBOD. PERI holds a stake in this Danish manufacturer since 2018The print head moves on a
fixed metal frame in all three spatial axes. This enables the printer to move to any position within the construction. During the printing process, the printer also takes into
account the pipes and fittings to be laid later, for example for water or electricity.
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Handover of the Process Steam Boiler Plant in Terneuzen, Netherlands
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Standardkessel Baumgarte GmbH, a subsidiary of JFE Engineering Corporation, handed over the process steam boiler
plant in Terneuzen, Netherlands. A new boiler plant was integrated into the existing steam distribution grid at the Dow
Benelux site at Terneuzen in The Netherlands, the largest production plant of Dow outside the USA. The boiler has
dual-fuel capabilities and can be operated on all mixtures of natural gas and the by-product fuel gas of the naphtha
crackers. The boiler plant and the necessary components were designed for extreme requirements of load ramps, steam
pressure tolerance and availability. SBG has constructed more than 280 boilers with gas and/or oil firing, mainly in
Europe. In the future, the JFE Engineering Group will continue to supply the optimum technologies for clients'
increasingly diverse needs in countries around the world.
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Handover of the most modern Energy from Waste Boiler-Plant in
Lithuania
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Standardkessel Baumgarte GmbH, a subsidiary of JFE Engineering Corporation, handed over the most modern Energy
from Waste (EfW) boiler plant in Kaunas, Lithuania. The plant will have a capacity of maximum 800 tons/day of waste
with one incinerator and will supply electric power electric power to the national transmission 110 kV grid and district
heat to the city of Kaunas. In Lithuania, most municipal solid waste has been disposed of in landfills, but in recent
years, there has been a growing interest in EfW plants because this technology is ecologically highly preferable and
enables effective utilization of the waste heat generated when waste is incinerated. The JFE Engineering Group will
continue to contribute to create a recycling society in the future by mobilizing the group's total capabilities to promote
proposals for EfW power plants in countries throughout the world.
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Norilsk Nickel (Russia) Provides Dudinka With A New Power Source
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The Norilsk-Taimyr Energy Company has completed a project to create a 3 MW backup power supply in Dudinka. The new source is intended for the uninterrupted
operation of the production facilities of boiler house No. 7 even in the event of an emergency power outage in the capital of the Taimyr Peninsula. Two new gas
piston units, if necessary, will be able to ensure the operation of the equipment of the local boiler house, which will allow the subdivision of the Norilsk-Taimyr
Energy Company - the heat and power supply company of Dudinka - to provide guaranteed heat energy to consumers in the residential part of the city and facilities
of the Polar Division of Norilsk Nickel in any situation. The project was implemented at the expense of Norilsk Nickel - about 400 million rubles The general
contractor for the project is Sibirenergoengineering LLC. Installation and commissioning works were performed by the official representative of Jenbacher in
Russia - GreenTech Energy. The Norilsk-Taimyr Energy Company notes the unique specifics of the project, which make it especially reliable in the Arctic. Thus,
Jenbacher gas piston units were selected as a source of electricity for backup supply of heating boiler house No. 7 in Dudinka. These are reliable and economical
in terms of performance, power generating units that meet the requirements of operational switching on and reaching the rated parameters. In the building of the
power center there are two container-type machines with a capacity of 1.5 MW (50 Hz) each. Gas piston units have a high efficiency of up to 44%, are equipped
with a crankcase afterburning system, high-tech automation, an interface for controlling and monitoring units and are automatically synchronized with each other,
evenly distributing the load. Another feature of the project is the ability to start the equipment automatically. According to experts, the combination of these factors
indicates the high operational qualities of the new energy source.
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NLMK (Russia) supplies electrical steel to Riga Electric Machine
Building Works
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NLMK has supplied the first shipment of electrical non-grain-oriented steel to Riga Electric Machine Building Works. The plant
is going to use NLMK steel to manufacture traction electric motors. AS RER make traction motors and electric equipment for
electric locomotives, passenger trains, trams and electric lift trucks.NLMK Group is the largest steelmaker in Russia and one of
the most efficient in the world.NLMK Group’s steel products are used in various industries, from construction and machine
building to the manufacturing of power-generation equipment and offshore wind turbines.NLMK operates production facilities
in Russia, Europe and the United States. The Company’s steel production capacity exceeds 17 million tonnes per year.NLMK has
a highly competitive competitive cash cost among global manufacturers and one of the highest profitability levels in the industry.
In 12M 2019, the Company generated $10.6 bn in revenue and $2.6 bn in EBITDA. Net debt/EBITDA stood at 0.7х. The
Company has investment grade credit ratings from S&P, Moody’s, Fitch, and RAEX (Expert RA).
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NLMK (Russia) supplies extra high-strength Quend 700 steel to
manufacturer of beneficiation equipment
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NLMK Group, a global steel company, has supplied a batch of Quend 700, its extra high-strength structural steel grade produced by NLMK
Clabecq, to Pnevmash for the production of beneficiation equipment. Pnevmash produces equipment for the mining sector, including a variety of
grizzly screens used for separating raw materials by size. This type of equipment operates under sustained high loads coupled with constant
vibration, which means the manufacturer has to place extra emphasis of the quality of the steel used. The Quend high yield strength plates are
designed for lifting and hoisting equipment, truck chassis, handling equipment, trailers, and other applications where high structural strength is of
critical importance.NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.NLMK Group’s steel products are
used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore wind
turbines.NLMK operates production facilities in Russia, Europe and the United States. The Company’s steel production capacity exceeds 17
million tonnes per year.NLMK has a highly competitive competitive cash cost among global manufacturers and one of the highest profitability
levels in the industry. In 12M 2019, the Company generated $10.6 bn in revenue and $2.6 bn in EBITDA. Net debt/EBITDA stood at 0.7х. The
Company has investment grade credit ratings from S&P, Moody’s, Fitch, and RAEX (Expert RA).
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Severstal (Russia) supplied large-diameter pipes for the construction of
the Olympic stadium in Egypt
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PAO Severstal, one of the world's largest vertically integrated steel and mining companies, has supplied the large-diameter pipes
(LSAW) for the development of the Olympic stadium in Egypt’s new administrative capital. The products were manufactured for
Orascom Construction PLC. That is a leading global engineering and construction contractor primarily focused on infrastructure,
industrial and high-end commercial projects in the Middle East, North Africa, the United States, and the Pacific Rim for public
and private clients. The Group also develops and invests in infrastructure opportunities. Supplied products will be used as
supports and vertical spacers in the construction of the Olympic stadium. The bespoke order was shipped to Egypt’s port of
Alexandria, from where it was delivered to the new capital of Egypt. The LSAW supplied for the project were custom-made to
the client’s specifications, with lengths spanning up to 18,3 m. Product diameters ranged from 508 to 1422 mm, wall thickness
from 10 to 28 mm. All the products were manufactured by the Izhora Pipe Mill (ITZ, part of Severstal’s Russian Steel division).
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SAIL supplies more than 9000 tonnes of steel for the 'Atal tunnel';
supplied 2/3rd of the total steel used in the project
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Steel Authority of India Limited (SAIL), the largest steel producing Company in India, has supplied the majority
portion of steel in the construction of the Atal Rohtang Tunnel, which will be inaugurated by Hon’ble Prime Minister
Shri Narendra Modi. SAIL has supplied more than 9000 Tonnes of its quality steel, out of the 15000 Tonnes of steel
used in the entire project. The tunnel is set to become the world’s longest road tunnel at an altitude of above 3,000
metres. The Company has once again partnered in building a vital infrastructure for the Nation and making India
stronger.An all-weather tunnel, Atal Tunnel will connect Manali to Lahaul and Spiti Valley in Himachal Pradesh
throughout the year. The 9000 Tonnes of steel supplied by SAIL consisted of around 6500 tonnes of TMT, 1500 Tonnes
of Structurals and 1000 Tonnes of Plates for fabricating Beams and small quantity of SAIL GP/GC sheets for
constructing stations and control rooms.
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First Nations Alliance and BHP (Australia) strengthen heritage protection in
Australia
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BHP and the First Nations Heritage Protection Alliance have jointly agreed a path forward to enhance the influence and voice of
traditional owners in relation to heritage protection. BHP has continued our work with traditional owners in Australia, and more recently
with the First Nations Heritage Protection Alliance, to identify areas we can work together cooperatively to improve standards and
practices in relation to cultural heritage. From this work we have determined a set of shared Principles around Aboriginal Heritage in
Australia which reaffirm BHP’s commitment to Free, Prior and Informed Consent in agreement making. Together we agree regulatory
regimes should respect and reflect these rights. The Principles also reaffirm a shared commitment to self-determination for Aboriginal
peoples, their right to speak proudly and publicly about their culture and their heritage; and recognition that building a better
understanding of Aboriginal cultural heritage in Australia is ongoing and together we can play an important role. In addition, we have set
a commitment for Aboriginal cultural heritage keeping places in Australia to better reflect traditional owners’ values, culture and pride.
Together, we aim to also make these places of knowledge, learning and celebration of the unique living cultures they are connected to, as
well as places where artefacts can be respectfully stored and visited.
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The Group and Yanshan University jointly established a joint R&D center for
the preparation and application of high-quality steel materials
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The signing and inauguration ceremony of the HBIS-Yanshan University High-Quality Steel Material Preparation and Application Joint R&D Center was held at
the group headquarters. The two parties will thoroughly implement the innovation-driven development strategy, further strengthen school-enterprise collaborative
innovation, enhance the green and intelligent level of the steel industry, and contribute to the transformation and upgrading of Hebei and even China's steel
industry. Yu Yong, Secretary of the Party Committee and Chairman of the Group, and Zhao Xianfeng, Secretary of the Party Committee of Yanshan University,
respectively delivered speeches and witnessed the signing, and jointly unveiled the high-speed steel center. Wang Lanyu, general manager and deputy party
secretary of the group, and Zhao Dingxuan, deputy party secretary and president of Yanshan University attended the ceremony. Wang Xindong, deputy general
manager of the group, and Zhang Lifeng, member of the Standing Committee of the Party Committee and vice president of Yanshan University, signed the
agreement on behalf of both parties.As one of the largest steel material manufacturing and comprehensive service providers, Yanshan University is one of the
leading universities in the field of materials. Both parties should take the role of Hebei steel industry based on the position of promoting the transformation and
upgrading of Hebei and even China's steel industry The historical mission of "from big to strong, from strong to fine". In the future, both parties should position
the high-speed steel center to a higher level, not only to solve R&D problems for enterprises in the field of metallurgical materials, but more importantly, to reflect
the characteristics of Hebei's iron and steel industry in terms of process progress and technological innovation.
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The Group and Gree Electric signed a strategic cooperation agreement
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The Group and Gree Electric signed a strategic cooperation agreement in Zhuhai. As iconic enterprises in the manufacturing industry, the two
parties will stand at the height of their mission of building a manufacturing power, deepen collaboration in product development,
technological innovation, and replacement of new materials, further enhance the resilience of the supply chain, and contribute to the
high-quality development of China's manufacturing industry Greater strength. The group’s party committee secretary and chairman Yu Yong
and Gree Electric’s chairman and president Dong Mingzhu had in-depth talks on topics such as establishing strategic partnerships and jointly
implementing the strategy of making a strong country, and witnessed the signing on the spot. Group Deputy General Manager Li Yiren and
Gree Electric Assistant President Fang Xiangjian signed the strategic cooperation agreement on behalf of both parties. Assistant president of
Gree Electric, attended the ceremony.According to the agreement, the two parties will consolidate and develop existing achievements in line
with the principles of strategic cooperation and mutual benefit, and continue to strengthen cooperation in new areas. In the future, the two
parties will carry out product development and technical cooperation on the basis of traditional supply and demand business, and explore new
cooperation models in terms of extended steel processing services and value-added supply chain.
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MMK (Russia) approves data management framework
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Magnitogorsk Iron and Steel Works (MMK) has approved a data management framework, developed jointly with Deloitte CIS as part of a new digital development
strategy. A key element of MMK's Development Strategy until 2025 is the digitalisation of the Company's business processes with the ultimate goal of increasing
labour productivity and improving product quality. Digitalisation and the development of automated systems leads to an accumulation of data on a large scale
which grows rapidly and constantly. The complexity of processing such large data sets – known as 'Big Data' – makes it necessary to find new approaches to data
management, which includes not only creating, storing and maintaining data, but also increasing the efficiency of the data search process that is required for further
analysis. The Data Management Development Project was launched at the end of last year and approved for implementation by MMK CEO Pavel Shilyaev. Testing
of the new framework was carried out on the basis of data from two production structural units: the Oxygen-Converter Shop and the thick-plate mill 5000.The
ultimate goal of the project is to enable MMK's analytics specialists not only to find necessary data quickly, but also to conduct better analyses. It is sometimes
said that the difference between "information" and "data" is that only information has a value. It is the results of the analysis that turn "data" into "information".
High-quality data management will make information more accurate and complete, and therefore more valuable.To make this happen, MMK will create a unified
corporate dictionary that describes terms in a way that allows the data to reflect the same nuances of meaning. The system and users alike will "speak the same
language". The next stage is to catalogue the data for all information systems that record production data and other data belonging to MMK.
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Mondi (UK) partners with SalzburgMilch and SPAR to reduce plastic waste
from food packaging
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45
Leading packaging and paper manufacturer, Mondi, is launching a 80% paper-based packaging solution for cold meats and cheese. The new packaging will
reduce plastic usage for Austrian dairy producer SalzburgMilch by approximately 40 tonnes per year, compared to its previously used rigid plastic
trays.Mondi has launched its innovative PerFORMing removable in partnership with SalzburgMilch for the brand SalzburgMilch Premium and the premium
own-brand SPAR Natur*pur organic cheese slices. The shallow paper tray combines the recyclability of paper with the essential barrier properties of a thin
plastic coating to keep food fresh and avoid waste.Mondi released its original PerFORMing range in 2019 and has continued to work hard to make it even
more sustainable. The original product could be recycled in Austrian paper recycling streams. The updated product now consists of paper and fully removable
plastic which can easily be separated from the paper tray allowing for 100% paper recycling across Europe.The product is made locally in Austria, meaning
transportation is kept to a minimum and the overall carbon footprint is reduced. The base paper for the tray is Advantage Formable made predominantly from
locally sourced wood and produced by Mondi Frantschach, while the trays are processed and coated by Mondi Zeltweg, both located in Austria.PerFORMing
removable is part of Mondi’s EcoSolutions approach to find the most sustainable and fit for purpose packaging for its customers with a focus on replacing,
reducing, and recycling. SalzburgMilch and SPAR are using Mondi’s product for their 175g packets of sliced cheese, which are available in SPAR stores
across Austria.
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Mondi (UK) and BIOhof replace plastic wrapping with fully corrugated
solution for fresh produce
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Mondi, a leading global packaging and paper manufacturer, has collaborated with BIOhof Kirchweidach, an organic farm in Bavaria, to design a
sustainable packaging solution for 500g packs of tomatoes on the vine to be distributed to PENNY supermarkets, owned by major German retailer
REWE Group. Coral Tray fulfils BIOhof’s objective of replacing its previous packaging, which used 2.5 g of plastic film per pack, with a recyclable
and plastic-free solution, supporting REWE Group’s sustainability goals. It’s called ‘Coral Tray’ because of its resemblance to undersea coral and
contribution to reducing plastic waste, potentially helping to protect marine life. This innovative new packaging is fully recyclable and made of
renewable material and recycled corrugated board, which has an average recycling rate of over 80% in Europe.Packaging experts at Mondi Grünburg
in Austria worked with BIOhof’s team to design the one-piece corrugated tray with integrated lid made of lightweight F-Flute. Both the fluting and outer
liner are made of 100% recycled material and the KraftTop inner liner ensures it meets food contact requirements. The new solution can be mechanised
for up to six different package sizes and gives BIOhof the option of using it for other small organic produce.Coral Tray is the result of Mondi’s
successful customer-centric approach, EcoSolutions, which helps customers to develop packaging and paper solutions that are sustainable by design.
By partnering with Mondi, BIOhof was able to switch to an environmentally responsible packaging solution with great shelf appeal, which is a real
advantage as a supplier to an important supermarket group.
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Introduction of water-resistant paper bags for the Australian cement industry
by Adbri Ltd, Pope Packaging and Mondi
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47
Mondi, a leading global packaging and paper manufacturer, has partnered with Adelaide Brighton Cement and Pope Packaging on the
development of a new water-resistant paper bag called ‘Rain Barrier,’ made out of Mondi’s Advantage Protect White sack kraft paper, for
the Australian construction market. Standout characteristics include its water repellent surface and high tensile strength in a wet
environment. While a standard paper bag absorbs water, the qualities of the Rain Barrier bag, keeps water from seeping in, as it stays on
the surface where it evaporates. The paper itself is rain resistant for up to six hours and can resist water ingress for up to five full days
when stored in damp conditions. After being actively involved in testing and developing the new product, Adelaide Brighton Cement, one
of Australia’s leading producers of cement, hydrated lime and packaged products, is the first business in the country to market the new
innovative product. The business is in the process of converting all of their cement and hydrated lime paper bags, manufactured in South
Australia and the Northern Territory, across to Rain Barrier bags. Applying Mondi's customer-centric EcoSolutions approach, Mondi
focused on Adelaide Brighton Cement and Pope Packaging's goal to provide a more functional and sustainable packaging solution.
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Newmont (USA) and Agnico Eagle Form Exploration Joint Venture in
Colombia
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48
Newmont Corporation announced that it has formed an Exploration Joint Venture in Colombia with Agnico Eagle Mines Limited. The
50-50 Joint Venture, which will be operated by Agnico Eagle, will explore the Anzá project and advance other prospective gold targets of
district-scale potential in Colombia. The Anzá project is a gold exploration project, comprising exploration contracts and applications
totaling approximately 200 km2 located in the Mid-Cauca belt in Colombia. The project is 50 km west of Medellin and 60 km south from
Zijin Mining’s Buriticá operation. Agnico will sole fund the Joint Venture until expenditures equal Newmont’s previous investment in the
Anza project (approximately $2.9 million). Thereafter the parties will continue funding on a 50-50 basis. Newmont is the world’s leading
gold company and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of assets, prospects and talent is
anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont is the only gold producer
listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is
an industry leader in value creation, supported by robust safety standards, superior execution and technical expertise.
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Norilsk Nickel (Russia) And The Siberian Branch Of The Russian Academy Of
Sciences Signed An Agreement On A Comprehensive Study Of The Arctic
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49
Norilsk Nickel And the Siberian Branch of the Russian Academy of Sciences agreed to jointly implement a long-term program to eliminate the
consequences of the oil spill in Norilsk, as well as to develop rules for industrial production in the Russian Arctic, taking into account the principles of
sustainable development. The agreement was signed in Novosibirsk by the Vice President for Federal and Regional Programs of Norilsk Nickel Andrei
Grachev and Chairman of the Siberian Branch of the Russian Academy of Sciences Valentin Parmon in the presence of the Plenipotentiary
Representative of the President of the Russian Federation Sergei Menyailo. Such a large program of cooperation with the Academy is the first example
in the Russian mining and metallurgical business and a serious challenge for scientists who will have to assess the anthropogenic and technogenic
pressures on the Arctic.Nornickel is a responsible and open-minded producer of non-ferrous and precious metals with key production sites in the Arctic
Circle, which is interested in continuous monitoring of the Russian Arctic zone. It is important for the company to find out with the help of scientists
what the consequences of climate change in the High North may be and what threat is posed by the melting of permafrost.Scientists from 14 institutes
of the Siberian Branch of the Russian Academy of Sciences completed the field stage of the Great Norilsk Expedition in early September and began
laboratory research and data analysis. During the field work, several thousand samples of water and soil, samples of living organisms and plants were
collected, instrumental measurements were carried out.
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POSCO (South Korea) Join Hands with ExxonMobil to Target LNG Market
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50
POSCO is to enhance its technical partnership with global company ExxonMobil to expand the use of High manganese steel which
POSCO has succeeded in mass-producing for the first time in the world. High manganese steel: An innovative steel material with
large amounts of manganese (Mn, 10% to 27%) added to improve performance, such as high strength, low-temperature toughness,
wear resistance, and non-magnetic properties. On October 7 (local time), an agreement ceremony was held between POSCO’s
Technical Research Laboratories in Pohang, ExxonMobil’s Research & Engineering (RE) in New Jersey, and Upstream Research Co.
(URC) in Texas. The agreement aims to develop High manganese steel and accelerate the application of the material in the market.
Due to the aftermath of the COVID-19 pandemic, the event was conducted via online without direct contact.Both companies agreed
on applying cryogenic high manganese steel to storage tanks for ExxonMobil’s global LNG projects to be conducted in the future.
High manganese steel was approved to be used as materials for onshore LNG storage tanks by the Ministry of Trade, Industry, and
Energy (MOTIE) last year. The material was first applied to Tank #5 of Gwangyang LNG Terminal and received verification for its
performance and safety.
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Rio Tinto (UK) and AB InBev partner to deliver more sustainable beer can
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Rio Tinto and Anheuser-Busch InBev (AB InBev), the world’s largest brewer, have formed a global partnership to deliver a new standard of
sustainable aluminium cans. In a first for the canned beverage industry, the two companies have signed an MOU committing to work with
supply chain partners to bring AB InBev products to market in cans made from low-carbon aluminium that meets industry-leading
sustainability standards. Initially focused in North America, the partnership will see AB InBev use Rio Tinto’s low-carbon aluminium made
with renewable hydropower along with recycled content to produce a more sustainable beer can. This will offer a potential reduction in carbon
emissions of more than 30 percent per can compared to similar cans produced using traditional manufacturing techniques in North America.
The partnership will also leverage outcomes from the development of ELYSIS, a disruptive zero carbon aluminium smelting technology. The
first 1 million cans produced through the partnership will be piloted in the United States on Michelob ULTRA, the fastest growing beer brand
in the country. Currently, around 70 percent of the aluminium used in AB InBev cans produced in North America is recycled content. By
pairing this recycled content with low-carbon aluminium, the brewer will take a key step towards reducing the carbon emissions in its
packaging supply chain, which is the largest contributor of emissions by sector in the company's value chain.
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Tata Steel (India) and Council of Scientific & Industrial Research (CSIR) sign MoU
to collaborate in the area of Carbon Capture, Utilisation & Storage (CCUS)
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52
Considering the importance of Carbon Capture, Utilisation & Storage (CCUS) in India’s fight against Climate Change and Global Warming, meeting the growing energy
demands and building a strong ecosystem to meet commitments under Paris Agreement, Tata Steel Limited and the Council of Scientific & Industrial Research (CSIR) have
joined hands to work in the field of CCUS. As part of this strategic MoU signed between Tata Steel Limited and the Council of Scientific & Industrial Research (CSIR), the
teams from Tata Steel and CSIR will work towards accelerating development and deployment of CCUS technologies in the steel industry. These technologies would expedite
transition to a decarbonised economy in other carbon intensive sectors like Power, Cement, and Fertilizer etc. This collaboration would entail work across key areas of CO2
capture, utilization and storage and would be co-led by Dr. Rakesh Kumar, Director NEERI (National Environmental Engineering Research Institute) as the CSIR nodal and
Dr. Debashish Bhattacharjee, VP, Technology & New Materials Business, Tata Steel. In addition, several other CSIR laboratories would also participate given their diverse
competencies in this area. CSIR has, in parallel, initiated steps to set up a National facility on CCUS at NEERI, Nagpur. Tata Steel has intended to be a founder partner in setting
up of this facility. The facility, expected to work on the lines of “Centre of Excellence” (CoE), will offer a common collaborative platform to interested organisations and
stakeholders to participate, invest and contribute towards research, technology development, deployment, policy advocacy, training, and capacity building in the field of CCUS
through a partnership model.Over the past few years, Tata Steel has invested in multiple initiatives in harnessing clean and renewable energy and adopting waste heat recovery
technology. The Company has already established a pilot project in Carbon Capture and Use (CCU) at Jamshedpur works and at the Ferro-Chrome plant, and assessing
renewable energy potential across all locations in India. Tata Steel has recently joined ResponsibleSteelTM, the industry’s first global multi-stakeholder standard and
certification initiative, to further its sustainability goals.
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Tata Steel (India) and Council of Scientific & Industrial Research (CSIR) sign MoU
to collaborate in the area of Carbon Capture, Utilisation & Storage (CCUS)
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52
Considering the importance of Carbon Capture, Utilisation & Storage (CCUS) in India’s fight against Climate Change and Global Warming, meeting the growing energy
demands and building a strong ecosystem to meet commitments under Paris Agreement, Tata Steel Limited and the Council of Scientific & Industrial Research (CSIR) have
joined hands to work in the field of CCUS. As part of this strategic MoU signed between Tata Steel Limited and the Council of Scientific & Industrial Research (CSIR), the
teams from Tata Steel and CSIR will work towards accelerating development and deployment of CCUS technologies in the steel industry. These technologies would expedite
transition to a decarbonised economy in other carbon intensive sectors like Power, Cement, and Fertilizer etc. This collaboration would entail work across key areas of CO2
capture, utilization and storage and would be co-led by Dr. Rakesh Kumar, Director NEERI (National Environmental Engineering Research Institute) as the CSIR nodal and
Dr. Debashish Bhattacharjee, VP, Technology & New Materials Business, Tata Steel. In addition, several other CSIR laboratories would also participate given their diverse
competencies in this area. CSIR has, in parallel, initiated steps to set up a National facility on CCUS at NEERI, Nagpur. Tata Steel has intended to be a founder partner in setting
up of this facility. The facility, expected to work on the lines of “Centre of Excellence” (CoE), will offer a common collaborative platform to interested organisations and
stakeholders to participate, invest and contribute towards research, technology development, deployment, policy advocacy, training, and capacity building in the field of CCUS
through a partnership model.Over the past few years, Tata Steel has invested in multiple initiatives in harnessing clean and renewable energy and adopting waste heat recovery
technology. The Company has already established a pilot project in Carbon Capture and Use (CCU) at Jamshedpur works and at the Ferro-Chrome plant, and assessing
renewable energy potential across all locations in India. Tata Steel has recently joined ResponsibleSteelTM, the industry’s first global multi-stakeholder standard and
certification initiative, to further its sustainability goals.
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Environment & Social Updates
October Industry