Rio Tinto and partner China Baowu Steel Group have marked the milestone of 200 million tonnes of iron ore shipped by the pair’s Bao-HI Ranges joint venture.
Command Alkon and Thoma Bravo, a private equity firm focused on the software and technology-enabled services sectors, announced a definitive agreement for the acquisition of Command Alkon by Thoma Bravo from its current owner, Quilvest Capital Partners. The transaction is subject to customary closing conditions and regulatory approvals. Terms of the transaction were not disclosed.
The boards of directors of Metso Corp. and Outotec Oyj completed the combination of Metso’s Minerals business and Outotec through a partial demerger of Metso in accordance with the demerger plan and combination agreement signed on July 4, 2019.
A new World Bank Group reports that the production of minerals, such as graphite, lithium and cobalt, could increase by nearly 500 per cent by 2050, to meet the growing demand for clean energy technologies. It estimates that more than 3 billion tons of minerals and metals will be needed to deploy wind, solar and geothermal power, as well as energy storage, required for achieving a below 2°C future.