Codelco signs letter of intent to collaborate with ABB on decarbonization
Chilean state-run miner Codelco has signed a letter of intent with Swedish-Swiss technology company ABB to explore a collaboration focused on decarbonizing and automating its operations, the copper giant said in a statement Friday.The strategic collaboration between both companies would be a long-term one, Codelco said, with the aim of identifying the miner’s innovation needs to pursue its commitments to sustainable development.(By Daina Solomon and Aida Pelaez-Fernandez; Editing by Gabriel Araujo)
Rusal plans to double Boguchansky smelter capacity by 2030
Russian aluminum producer Rusal plans to double the capacity of its Boguchansky aluminum smelter in Siberia to 600,000 metric tons by 2030, the local government in the Krasnoyarsk region, where the plant is located, said on Friday.Rusal, the world’s largest aluminum producer outside China, launched the first production line at Boguchansky in 2019. The plant is jointly owned with the state-controlled power generating company Rushydro.
Vale’s new boss pledges to grow copper output after falling behind rivals
Brazilian miner Vale aims to boost its copper production, the company’s new CEO said on Wednesday, conceding it has lost ground to its competitors in output of the key industrial metal.Vale is a top global iron ore producer, while also operating base metal projects including copper and nickel.“We have fallen behind on copper,” CEO Gustavo Pimenta said in his first public remarks since starting his new role on Tuesday. He was previously the miner’s chief financial officer.