Kokkola

NW Natural and Hycamite to explore opportunities for emissions-free hydrogen production technology in Oregon

Retrieved on: 
Monday, October 2, 2023
Kokkola, Hydrogen, NW Natural, Carbon, Natural gas

PORTLAND, Ore., Oct. 2, 2023 /PRNewswire/ -- NW Natural, Oregon's largest gas utility, and Kokkola, Finland-based Hycamite TCD Technologies have signed a letter of intent to explore applications for Hycamite's novel methane pyrolysis technology to produce and distribute clean hydrogen.

Key Points: 
  • PORTLAND, Ore., Oct. 2, 2023 /PRNewswire/ -- NW Natural, Oregon's largest gas utility, and Kokkola, Finland-based Hycamite TCD Technologies have signed a letter of intent to explore applications for Hycamite's novel methane pyrolysis technology to produce and distribute clean hydrogen.
  • Within NW Natural's service territory, large natural gas customers could develop facilities that use Hycamite's novel methane-splitting technology to deliver low-carbon (turquoise) hydrogen to supplement or replace natural gas usage.
  • Hycamite would install, commission, operate and maintain the methane pyrolysis units while NW Natural would deliver the natural gas feedstock used to produce hydrogen.
  • "We look forward to working with NW Natural to develop opportunities with the utility and its largest natural gas customers."

Boliden's second quarter: Fire at Rönnskär and low grades in Mines

Retrieved on: 
Thursday, July 20, 2023
Workforce, Kokkola, Maintenance, Zinc, Metal, Aitik, Recycling, SEK, Nickel, Capital, Copper, Courage, Odda, Kevitsa mine, Coal

STOCKHOLM, July 20, 2023 /PRNewswire/ -- "It has been a challenging quarter with declining world market prices for metals as well as by-products, major planned maintenance shutdowns, low grades in Mines and, in addition, the fire at Rönnskär, which have together negatively impacted our earnings. However, our financial position remains strong and, with regard to Rönnskär and the Tara mine, which has been placed under care and maintenance, we have initiated measures to manage the situation in the best possible manner," says Mikael Staffas, President and CEO.

Key Points: 
  • Operating profit for Boliden Mines decreased to SEK 178 m (2,727), mainly due to lower metal prices and lower grades.
  • In the Boliden Area, milled volume was in line with the previous quarter and with last year.
  • Production of copper and zinc in concentrate was negatively impacted by low grades, while the production of precious metals in concentrate increased quarter-on-quarter.
  • However, significantly lower grades led to significantly lower production of copper and nickel in concentrate, both quarter-on-quarter and year-on-year.

Caverion acquires LukkoPro and broadens its offering in smart security services in Finland

Retrieved on: 
Wednesday, November 30, 2022
Corporation, Environment, Acquisition, Intelligence Division (Finland), EUR, Kokkola, Finland, Caverion

HELSINKI, Finland, Nov. 30, 2022 /PRNewswire/ -- Caverion acquires LukkoPro and broadens its offering in smart security services in Finland

Key Points: 
  • The acquisition is a bolt-on acquisition for Caverion in the area of smart security and safety services.
  • With this acquisition, Caverion strengthens its position especially in locking and access control services.
  • The automated EasyKey key management services, developed by LukkoPro, will expand Caverion's digital services offering.
  • I warmly welcome the personnel of LukkoPro to Caverion," says Ville Tamminen, Head of Caverion's Division Finland.

Revenues for the second quarter totaled SEK 21,568 m (17,891) and operating profit excluding revaluation of process inventory was SEK 4,532 m (2,616). Free cash flow totaled SEK 2,038 m (2,013).

Retrieved on: 
Thursday, July 21, 2022
Zinc, Kokkola, Group, Maintenance, EUR, Metal, CEO, USD, SEK, NASDAQ, Capital, Mining, Kevitsa mine, Iron ore, Boliden, Nordic

During the period, extensive maintenance was also carried out at the copper smelters," says Mikael Staffas, President and CEO.

Key Points: 
  • During the period, extensive maintenance was also carried out at the copper smelters," says Mikael Staffas, President and CEO.
  • The operating profit in Boliden Mines increased to SEK 2,727 m (2,192).
  • At the same time, costs increased due to a higher milled volume and strong cost-push inflation.
  • In Boliden Smelters, operating profit excluding revaluation of process inventory increased to SEK 1,404 m (789).

Boliden's first quarter: Strong cash flow

Retrieved on: 
Tuesday, April 27, 2021
Numismatics, Money, Articles, Odda, Ullensvang, Metal, Cash flow, Kokkola, Cash, Sustainability

Free cash flow totaled SEK 2,165 m (-845).\n"The focus on several metals critical for adapting to climate change and many larger production units means a general stability in terms of both market conditions and production factors.

Key Points: 
  • Free cash flow totaled SEK 2,165 m (-845).\n"The focus on several metals critical for adapting to climate change and many larger production units means a general stability in terms of both market conditions and production factors.
  • In this quarter, the strong development of the copper price in particular has contributed to a strong cash flow," says Mikael Staffas, President and CEO.\nThe operating profit in Business Area Mines increased to SEK 1,631 m (318), mainly due to higher metal prices and terms.
  • Aitik\'s milled volume decreased compared to the previous quarter as a result of the previously communicated production disturbances.
  • Production in Kokkola, Odda and Bergse was stable.\nBoliden is a metals company with a focus on sustainable development.

Consequence of Industrial Action in Finland

Retrieved on: 
Monday, December 9, 2019
Physical sciences, Chemistry, Natural sciences, Chemical elements, Dietary minerals, Zinc, Kokkola, Nickel, Boliden AB

BOLIDEN, Sweden, Dec. 9, 2019 /PRNewswire/ -- The Finnish Industrial Union has launched industrial actions at national level that affects Boliden's copper and nickel smelter in Harjavalta, the zinc smelter in Kokkola and the nickel and cpper mine in Kevitsa.

Key Points: 
  • BOLIDEN, Sweden, Dec. 9, 2019 /PRNewswire/ -- The Finnish Industrial Union has launched industrial actions at national level that affects Boliden's copper and nickel smelter in Harjavalta, the zinc smelter in Kokkola and the nickel and cpper mine in Kevitsa.
  • According to the notice, the actions will continue until December 12.
  • In parallel, industrial actions are also underway at national level among electricians that affects the zinc smelter in Kokkola.
  • The industrial actions are expected to have a negative impact on operating profit amounting of approximately 10 MEUR in the event that they are carried out in its entirety.

Freeport-McMoRan Inc. Completes Sale of Portion of Cobalt Business to Umicore

Retrieved on: 
Monday, December 2, 2019
Natural Resources, Other Natural Resources, Mining, Minerals, Chemistry, Physical sciences, Natural sciences, Western New Guinea, Freeport-McMoRan, FCX, Cobalt, Umicore, Kokkola, Lithium-ion battery

Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has completed the previously announced sale of its cobalt refinery in Kokkola, Finland and related cobalt cathode precursor business to Umicore for total cash consideration of approximately $200 million, including approximately $50 million of working capital.

Key Points: 
  • Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has completed the previously announced sale of its cobalt refinery in Kokkola, Finland and related cobalt cathode precursor business to Umicore for total cash consideration of approximately $200 million, including approximately $50 million of working capital.
  • Under the terms of the agreement, FCX separated its cobalt business and Umicore acquired the refinery and cathode precursor business, which represents approximately 60 percent of the refinerys historical revenues.
  • FCX and its partners will retain Freeport Cobalts remaining cobalt business with operations in Kokkola, Finland and sales offices in the U.S., Europe and Asia.
  • The retained cobalt business is a leading global producer of cobalt fine powders, chemicals, catalyst, ceramics and pigments.

Freeport-McMoRan Announces Agreement to Sell Portion of Cobalt Business

Retrieved on: 
Thursday, May 23, 2019
Natural Resources, Mining, Minerals, Chemistry, Physical sciences, Chemical elements, Western New Guinea, Freeport-McMoRan, FCX, Cobalt, Kokkola, Umicore

Freeport-McMoRan Inc. (NYSE: FCX) announced today an agreement to sell its cobalt refinery in Kokkola, Finland and related cobalt cathode precursor business to Umicore for total consideration of approximately $150 million, plus working capital at the time of close.

Key Points: 
  • Freeport-McMoRan Inc. (NYSE: FCX) announced today an agreement to sell its cobalt refinery in Kokkola, Finland and related cobalt cathode precursor business to Umicore for total consideration of approximately $150 million, plus working capital at the time of close.
  • Under the terms of the agreement, FCX will separate its cobalt business prior to completing the transaction.
  • FCX and its partners will retain Freeport Cobalts remaining cobalt business with operations in Kokkola, Finland and with sales offices in the U.S., Europe and Asia.
  • The retained cobalt business is a leading global producer of cobalt fine powders, chemicals, catalyst, ceramics and pigments.

Boliden Signs Long-term Wind Power Agreement

Retrieved on: 
Wednesday, May 22, 2019
Boliden, Kokkola, Wind power, Boliden AB

BOLIDEN, Sweden, May 22, 2019 /PRNewswire/ --Boliden has signed a long-term electricity supply agreement with a wind power developer.

Key Points: 
  • BOLIDEN, Sweden, May 22, 2019 /PRNewswire/ --Boliden has signed a long-term electricity supply agreement with a wind power developer.
  • "The agreement means that we get an increased long-term perspective in our energy supply.
  • The long term agreement involves annual electricity deliveries, corresponding to 240 GWh in Sweden and 175 GWh in Finland.
  • Production will take place in wind farms in close proximity to the mining operations in the Boliden area and the smelting operations in Kokkola.

Antti Petter Kontiainen Appointed as General Manager for Boliden Kokkola

Retrieved on: 
Wednesday, November 28, 2018
Grand Duchy of Finland, Kokkola, Boliden, Nordic countries, Geography of Europe, Northern Europe, Europe, Boliden AB

BOLIDEN, Sweden, Nov. 28, 2018 /PRNewswire/ -- Antti Petter Kontiainen has been appointed as General Manager for Boliden Kokkola.

Key Points: 
  • BOLIDEN, Sweden, Nov. 28, 2018 /PRNewswire/ -- Antti Petter Kontiainen has been appointed as General Manager for Boliden Kokkola.
  • He replaces Jarmo Herronen who will take up a new position within Boliden.
  • Antti has a solid experience of working in various roles in the manufacturing industry and export business in the Nordic countries and North America.
  • Boliden has a total of approximately 5,700 employees and a turnover of SEK 50 billion.