Iron

Nucor Enters Into Carbon Capture & Storage Agreement with ExxonMobil

Retrieved on: 
Thursday, June 1, 2023

CHARLOTTE, N.C., June 1, 2023 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that it has signed an agreement with ExxonMobil to capture, transport, and store carbon from the company's direct reduced iron (DRI) plant in Convent, Louisiana.  ExxonMobil will capture up to 800,000 metric tons per year of CO2 from the DRI plant and store the CO2 at an ExxonMobil-owned facility in Louisiana.

Key Points: 
  • CHARLOTTE, N.C., June 1, 2023 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that it has signed an agreement with ExxonMobil to capture, transport, and store carbon from the company's direct reduced iron (DRI) plant in Convent, Louisiana.
  • ExxonMobil will capture up to 800,000 metric tons per year of CO2 from the DRI plant and store the CO2 at an ExxonMobil-owned facility in Louisiana.
  • "This collaboration with Nucor is the latest example of how we're delivering on our mission to help accelerate the world's path to net zero," said Dan Ammann, president of ExxonMobil Low Carbon, ExxonMobil.
  • This carbon capture and storage agreement with ExxonMobil furthers Nucor's status as a sustainability leader and builds on the innovation that has enabled the company to produce steel and steel products with low embodied carbon.

Ponsse to become first forest machine manufacturer to use SSAB fossil-free steel

Retrieved on: 
Thursday, June 1, 2023

VIEREMÄ, Finland, June 1, 2023 /PRNewswire/ -- SSAB and Ponsse Plc, one of the world's largest manufacturers of cut-to-length forest machines, have joined forces in a partnership in which SSAB is to deliver fossil-free steel to Ponsse gradually beginning in 2026.

Key Points: 
  • VIEREMÄ, Finland, June 1, 2023 /PRNewswire/ -- SSAB and Ponsse Plc, one of the world's largest manufacturers of cut-to-length forest machines, have joined forces in a partnership in which SSAB is to deliver fossil-free steel to Ponsse gradually beginning in 2026.
  • This partnership will further solidify Ponsse's position as a provider of sustainable forest machines and bring SSAB closer to its goal of establishing a fossil-free value chain.
  • Joint efforts are needed to meet the challenging CO2 reduction targets in forest machines.
  • Both companies prioritize sustainable solutions and will strive to make a positive impact on forest machines using SSAB Fossil-free™ steel, fostering innovation while respecting nature," says Lotta Ruottinen, Sales Director at SSAB Europe.

Ponsse to become first forest machine manufacturer to use SSAB fossil-free steel

Retrieved on: 
Thursday, June 1, 2023

VIEREMÄ, Finland , June 1, 2023 /PRNewswire/ -- SSAB and Ponsse Plc, one of the world's largest manufacturers of cut-to-length forest machines, have joined forces in a partnership in which SSAB is to deliver fossil-free steel to Ponsse gradually beginning in 2026.

Key Points: 
  • VIEREMÄ, Finland , June 1, 2023 /PRNewswire/ -- SSAB and Ponsse Plc, one of the world's largest manufacturers of cut-to-length forest machines, have joined forces in a partnership in which SSAB is to deliver fossil-free steel to Ponsse gradually beginning in 2026.
  • This partnership will further solidify Ponsse's position as a provider of sustainable forest machines and bring SSAB closer to its goal of establishing a fossil-free value chain.
  • Joint efforts are needed to meet the challenging CO2 reduction targets in forest machines.
  • Both companies prioritize sustainable solutions and will strive to make a positive impact on forest machines using SSAB Fossil-free™ steel, fostering innovation while respecting nature," says Lotta Ruottinen, Sales Director at SSAB Europe.

First Phosphate Provides Full Corporate Update

Retrieved on: 
Tuesday, May 30, 2023

These are some of the highest phosphate grades ever found in the Saguenay-Lac-St-Jean Region of Quebec, Canada.

Key Points: 
  • These are some of the highest phosphate grades ever found in the Saguenay-Lac-St-Jean Region of Quebec, Canada.
  • Commence a prospection and geological reconnaissance program on our bluesky properties at Alex, Brochet, Larouche and Perron where strong phosphate indications have been found.
  • Other sedimentary phosphate mines in North America have depleting phosphate stock and can convert only a much lower percentage of their phosphate rock into PPA at economical scale.
  • They should have a mine footprint of 8-10 times less than that of a traditional sedimentary rock phosphate mine.

Iron Bow Technologies Recognized on CRN’s 2023 Solution Provider 500 List

Retrieved on: 
Tuesday, May 30, 2023

Iron Bow Technologies , the leading technology solutions provider to government, commercial, and healthcare markets, today announced that CRN ®, a brand of The Channel Company , has recognized Iron Bow on the 2023 Solution Provider 500 list.

Key Points: 
  • Iron Bow Technologies , the leading technology solutions provider to government, commercial, and healthcare markets, today announced that CRN ®, a brand of The Channel Company , has recognized Iron Bow on the 2023 Solution Provider 500 list.
  • CRN’s annual Solution Provider (SP) 500 ranks North America’s largest solution providers by revenue and serves as the gold standard for recognizing some of the channel’s most successful companies.
  • This is the 12th consecutive year that Iron Bow has been ranked in the top 50 of CRN’s SP 500 list.
  • We’re honored to be recognized by CRN for our commitment to delivering the highest standard of service and expertise alongside our incredible partners.”
    “It’s a distinct honor to recognize CRN’s 2023 Solution Provider 500.

Global Top 7 Armored Vehicles Manufacturers Annual Strategy Dossier 2023: Key Strategies, Plans, SWOT, Trends & Growth Avenues and Market Outlook - ResearchAndMarkets.com

Retrieved on: 
Monday, May 29, 2023

The "Global Top 7 Armored Vehicles Manufacturers - Annual Strategy Dossier - 2023 - Key Strategies, Plans, SWOT, Trends & Growth Avenues and Market Outlook - GDLS & GDELS, BAE Systems, Oshkosh Defense, Rheinmetall, KNDS, Iveco Defense, Hanwha Defense" company profile has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Top 7 Armored Vehicles Manufacturers - Annual Strategy Dossier - 2023 - Key Strategies, Plans, SWOT, Trends & Growth Avenues and Market Outlook - GDLS & GDELS, BAE Systems, Oshkosh Defense, Rheinmetall, KNDS, Iveco Defense, Hanwha Defense" company profile has been added to ResearchAndMarkets.com's offering.
  • The report analyzes & provides comprehensive insights into the Global Top 7 Armored Vehicle OEMs with focus on a blend of quantitative & qualitative analysis.
  • The focus has been on the modernization & replacement of legacy, Cold war-era systems with latest, next-gen systems incorporating cutting-edge technologies & capabilities providing effective capabilities overmatch against Russian systems & armor.
  • The Cold-war era British Challenger 2 MBTs are already headed for another series of capabilities upgrade, in addition, to procurement of Boxer wheeled & Ajax tracked armored vehicles as part of fleet recapitalization plans of the British Army.

Picture this: green hydrogen plants next to green steelworks to boost efficiency and kickstart both industries

Retrieved on: 
Saturday, May 27, 2023

Just last week, United States President Joe Biden and Australian Prime Minister Anthony Albanese unveiled a climate pact to boost cooperation.

Key Points: 
  • Just last week, United States President Joe Biden and Australian Prime Minister Anthony Albanese unveiled a climate pact to boost cooperation.
  • If we locate green hydrogen plants near green steel facilities, we can shift the highly polluting steel industry away from fossil fuels.
  • This green hydrogen would be piped a short distance to a green steel plant, which uses hydrogen and electricity to produce iron from the ore, and then an electric arc furnace to smelt steel.

Why is Australia so well placed?

    • Under our red dirt lies an estimated 56 billion tonnes of iron ore, as of 2021.
    • We also profit from the current emissions-heavy way of making steel, by exporting $72 billion worth of metallurgical coal.
    • Clean steelmaking will bring major change to our iron ore exports if other countries take it up.
    • Australia has vast reserves of magnetite ore, which previously hasn’t been in as much demand.

Where should we co-locate these plants?

    • That makes them the logical first choice to co-locate solar, wind and hydrogen with iron and steelmaking.
    • Steel will become even more important given it’s so vital to manufacturing solar and wind.
    • First, it avoids the problem of transporting hydrogen, which, especially in liquid form, can be expensive and energy-intensive to transport.
    • Policies to boost renewable energy and develop the hydrogen economy will create a more conducive environment for green steel production.
    • He is affiliated with the Monash Energy Institute and the Monash Hydrogen Energy Research Node at Monash University.

Navios Maritime Holdings Inc. Reports Financial Results for the First Quarter Ended March 31, 2023

Retrieved on: 
Wednesday, May 24, 2023

Net Income attributable to Navios Holdings’ common stockholders from continuing operations was $14.5 million for the three month period ended March 31, 2023, as compared to a $15.4 million net loss for the same period in 2022.

Key Points: 
  • Net Income attributable to Navios Holdings’ common stockholders from continuing operations was $14.5 million for the three month period ended March 31, 2023, as compared to a $15.4 million net loss for the same period in 2022.
  • Net Income attributable to Navios Holdings’ common stockholders from discontinued operations was $10.4 million for the three month period ended March 31, 2022.
  • EBITDA of Navios Holdings from discontinued operations was $40.5 million for the three month period ended March 31, 2022.
  • As previously announced, Navios Holdings will host a conference call today, May 24, 2023, at 8:30 am ET, at which time Navios Holdings’ senior management will provide highlights and commentary on earnings results for the first quarter ended March 31, 2023.

Juggernaut Mobilizes for Drilling on Midas, Empire and Bingo Properties in Golden Triangle, B.C.

Retrieved on: 
Tuesday, May 23, 2023

The 2023 field program on the 100% controlled Bingo property consists of up to ~1800 m of drilling from 4 drill pads within the Bingo Main zone.

Key Points: 
  • The 2023 field program on the 100% controlled Bingo property consists of up to ~1800 m of drilling from 4 drill pads within the Bingo Main zone.
  • Drilling on the Bingo Main Zone is anticipated to start in August 2023.
  • Bingo contains the same world-class geological units as Goliath Resource's Surebet discovery, including Hazelton Volcanics and related sediments and intrusives.
  • Dan Stuart, President and CEO of Juggernaut Exploration states “We are excited to begin maiden drilling on new targets on all three of our 100% controlled properties, namely Midas, Empire and Bingo.

Cleveland-Cliffs Gains Minnesota Executive Council Approval of Iron Ore Mineral Leases at Nashwauk

Retrieved on: 
Thursday, May 25, 2023

Cleveland-Cliffs Inc. (NYSE: CLF) issued a statement today regarding the Minnesota Executive Council’s approval of state mineral leases for more than 2,600 acres of iron ore at the Nashwauk mine site in Itasca County, Minnesota.

Key Points: 
  • Cleveland-Cliffs Inc. (NYSE: CLF) issued a statement today regarding the Minnesota Executive Council’s approval of state mineral leases for more than 2,600 acres of iron ore at the Nashwauk mine site in Itasca County, Minnesota.
  • Today’s approval is a final action and Cleveland-Cliffs has now assumed these leases.
  • Cleveland-Cliffs’ Chairman, President and Chief Executive Officer, Lourenco Goncalves, stated, “Today’s approval of these leases by the Minnesota Executive Council resolves years of uncertainty regarding Hibbing Taconite’s mine life.
  • Cleveland-Cliffs will immediately begin the work necessary to develop this quality ore body as an extension of Hibbing Taconite.