Baowu

Agreements reached on trans-Guinean infrastructure in milestone for Simandou iron ore project

Retrieved on: 
Friday, August 11, 2023
Mining, Minerals, Natural Resources, Iron Ore Company of Canada, Rio Tinto (corporation), Convention, Baowu, Tinto, Republic, Iron, WCS, China Harbour Engineering Company, Rio Tinto, Rail transport, Simandou, Aluminum Corporation of China Limited

Rio Tinto and the Simfer1 joint venture (Simfer) reached an important milestone today by concluding key agreements with the Republic of Guinea and Winning Consortium Simandou2 (WCS) on the trans-Guinean infrastructure for the world class Simandou iron ore project.

Key Points: 
  • Rio Tinto and the Simfer1 joint venture (Simfer) reached an important milestone today by concluding key agreements with the Republic of Guinea and Winning Consortium Simandou2 (WCS) on the trans-Guinean infrastructure for the world class Simandou iron ore project.
  • Simandou, the world’s largest known undeveloped supply of high-grade, low-impurity iron ore, will strengthen Rio Tinto’s portfolio by complementing our existing Pilbara and Iron Ore Company of Canada products.”
    The infrastructure capacity and associated cost will be shared equally between Simfer, which is developing blocks 3 and 4 of the Simandou project, and WCS, which is developing blocks 1 and 2.
  • It is also subject to a number of conditions, including the Guinean State’s approval of the final feasibility study for the project.
  • Negotiations continue between the partners to finalise the investment agreements and related shareholders’ agreements which underpin the co-development.

Western Range spends A$1 billion with WA businesses

Retrieved on: 
Thursday, June 22, 2023
Mining, Minerals, Natural Resources, Heart, State, ROM, Native title in Australia, Paraburdoo, Western Australia, MACA, Baowu, Civmec, 2008 Western Australian gas crisis, CIMIC, ESG, Rio Tinto, Iron ore, Construction, Tourism, Western Range

Of this spend, A$618 million was spent with Pilbara-based businesses and a record A$504 million was spent with Indigenous businesses in Western Australia.

Key Points: 
  • Of this spend, A$618 million was spent with Pilbara-based businesses and a record A$504 million was spent with Indigenous businesses in Western Australia.
  • WA Premier Roger Cook said, “It was significant projects like the Western Range which reinforced Western Australia as an attractive and secure destination for business and investment.
  • It goes to the heart of my Government’s WA Jobs Plan, which is about WA jobs first and its projects like the Western Range that will provide a long pipeline of work for Western Australians into the future.”
    China Baowu said, “We are very pleased to see the Western Range project is progressing smoothly, with huge benefits brought to business and local communities in Western Australia.
  • “The spending of A$1 billion with Western Australian businesses at Western Range marks a considerable milestone for both the project and those local businesses we are partnering with.

Cleveland-Cliffs Applauds Preliminary Determination by the U.S. Department of Commerce in Tin Mill Products Trade Case

Retrieved on: 
Wednesday, June 21, 2023
Professional Services, Machine Tools, Metalworking & Metallurgy, Automotive Manufacturing, Manufacturing, Human Resources, Steel, Beijing Shougang Co., Ltd., United Steelworkers, USW, Cleveland-Cliffs, Baowu, Tin, NYSE, Commerce, Recycling, Coal

Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it applauds the preliminary determination reached by the U. S. Department of Commerce that producers of Tin Mill Products from China benefit from significant countervailable government subsidies.

Key Points: 
  • Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it applauds the preliminary determination reached by the U. S. Department of Commerce that producers of Tin Mill Products from China benefit from significant countervailable government subsidies.
  • The subsidy rate for Baoshan Iron and Steel is 542.55 percent and for Jingtang Iron and Steel is 89.02 percent.
  • In addition, Commerce announced that it was initiating an investigation of additional subsidies alleged by Cleveland-Cliffs and the United Steelworks (USW) as petitioners.
  • Importers of subject Tin Mill Products will be required to post cash deposits upon publication.

China Baowu and Rio Tinto extend climate partnership to decarbonise the steel value chain

Retrieved on: 
Monday, June 12, 2023
Natural Resources, Manufacturing, Mining, Minerals, Steel, Memorandum of understanding, Research, Baowu, Climate change, Iron, DRI, Direct reduced iron, Ecosystem, CO2, Rio Tinto, Iron ore, Renewable energy

China Baowu, the world’s biggest steelmaker, and Rio Tinto, the world’s largest iron ore producer, have signed a Memorandum of Understanding (MoU) to explore a range of industry leading new projects in China and Australia to help decarbonise the steel value chain.

Key Points: 
  • China Baowu, the world’s biggest steelmaker, and Rio Tinto, the world’s largest iron ore producer, have signed a Memorandum of Understanding (MoU) to explore a range of industry leading new projects in China and Australia to help decarbonise the steel value chain.
  • The MoU, signed in Shanghai by Rio Tinto Chief Commercial Officer Alf Barrios, and China Baowu Vice President Hou Angui, follows the recently announced $2 billion Western Range Joint Venture in the Pilbara region of Western Australia, involving Rio Tinto and Baowu.
  • These innovative projects are an outcome of the long-standing collaboration between Rio Tinto and China Baowu spanning 50 years.
  • Rio Tinto’s Chief Commercial Officer Alf Barrios said, “Rio Tinto and China Baowu are united in a commitment to accelerating the delivery of low-carbon solutions for the entire steel value chain.

DEEP Robotics Debuts New Lite3 quadrupedal robots at ICRA 2023 in London

Retrieved on: 
Wednesday, May 31, 2023
University College London, X20, University, DEEP, Electrical engineering technology, Perception, ICRA, Electronics, Intelligence, Takenaka Corporation, IEEE, Motion, Baowu, International Conference on Robotics and Automation, Robotics, Algorithm, Mining, Weather, AI, Environment, Conference, Electricity, Mobile phone, Automation

LONDON, May 31, 2023 /PRNewswire/ -- DEEP Robotics Co., a global pioneer in the development and industrial application of quadrupedal robots, today debuted its latest intelligent robot dog, the Lite3, at the 2023 International Conference on Robotics and Automation (ICRA 2023) in London.

Key Points: 
  • LONDON, May 31, 2023 /PRNewswire/ -- DEEP Robotics Co., a global pioneer in the development and industrial application of quadrupedal robots, today debuted its latest intelligent robot dog, the Lite3, at the 2023 International Conference on Robotics and Automation (ICRA 2023) in London.
  • Alongside the Lite3, DEEP Robotics also showcased its four-legged, or quadrupedal, X20 robot.
  • The Lite3 and X20 represent the latest developments in DEEP Robotics' technology for advanced mobility and modular functions.
  • Meanwhile, the X20 quadrupedal robot, the latest edition in the DEEP Robotics Jueying series, is also featured at ICRA 2023.

DEEP Robotics Debuts New Lite3 quadrupedal robots at ICRA 2023 in London

Retrieved on: 
Wednesday, May 31, 2023
University College London, X20, University, DEEP, Electrical engineering technology, Perception, ICRA, Electronics, Intelligence, Takenaka Corporation, IEEE, Motion, Baowu, International Conference on Robotics and Automation, Robotics, Algorithm, Mining, Weather, AI, Environment, Conference, Electricity, Mobile phone, Automation

LONDON, May 31, 2023 /PRNewswire/ -- DEEP Robotics Co., a global pioneer in the development and industrial application of quadrupedal robots, today debuted its latest intelligent robot dog, the Lite3, at the 2023 International Conference on Robotics and Automation (ICRA 2023) in London.

Key Points: 
  • LONDON, May 31, 2023 /PRNewswire/ -- DEEP Robotics Co., a global pioneer in the development and industrial application of quadrupedal robots, today debuted its latest intelligent robot dog, the Lite3, at the 2023 International Conference on Robotics and Automation (ICRA 2023) in London.
  • Alongside the Lite3, DEEP Robotics also showcased its four-legged, or quadrupedal, X20 robot.
  • The Lite3 and X20 represent the latest developments in DEEP Robotics' technology for advanced mobility and modular functions.
  • Meanwhile, the X20 quadrupedal robot, the latest edition in the DEEP Robotics Jueying series, is also featured at ICRA 2023.

DEEP Robotics makes breakthrough in autonomous search using quadrupedal robots

Retrieved on: 
Wednesday, March 29, 2023
University College London, X20, Communication, Human, University, Engineering, Electronics, Movement, Cyberspace, Lidar, Takenaka Corporation, Baowu, Earthquake, Robotics, Dog, Mining, UP Diliman Electrical and Electronics Engineering Institute, Environment, Algorithm engineering, Electricity, Automation, Machine shop, Surveying, Lenovo

The robots, developed by DEEP Robotics, look remarkably similar to dogs, which are often trained and used for inspection and search purposes.

Key Points: 
  • The robots, developed by DEEP Robotics, look remarkably similar to dogs, which are often trained and used for inspection and search purposes.
  • That's where these robots can provide valuable assistance," said Wei Tang, Head of Algorithm Engineering at DEEP Robotics.
  • The robots can then complete the cluster search of a large range of unknown areas with autonomous navigation and routing.
  • The breakthrough trial was made possible by DEEP Robotics' advanced algorithm for autonomous coordinated multi-robot exploration.

The Future Minerals Forum (FMF) sees 25 Memoranda of Understanding, Joint Ventures and agreements exchanged on its Opening Day

Retrieved on: 
Thursday, January 12, 2023
Custodian of the Two Holy Mosques, Shell corporation, Investment, King Saud University, Steel, Ministry of Industry and Mineral Resources (Saudi Arabia), Saline Water Conversion Corporation, Excel Engineering College, Federation, Royal Commission for Jubail and Yanbu, Damar, Memorandum, Resource management, Rehabilitation, Ministry, Metso Outotec, Minister for Energy and Emissions Reduction, Barrick Gold, Eurasian Resources Group, Ministry of Energy (Saudi Arabia), Government, FMF, King Fahd University of Petroleum and Minerals, Baowu, JV, Science, Royal commission, Mining, Uranium, Mineral, Kingdom

The signing ceremony was attended by the Minister of Energy, His Royal Highness Prince Abdulaziz bin Salman; the Minister of Investment, His Excellency Engineer Khaled Al-Falih; the Minister of Industry and Mineral Resources; His Excellency Bandar Al-Khorayef, and the Deputy Minister of Industry and Mineral Resources for Mining Affairs, His Excellency Engineer Khaled Al-Mudaifer.

Key Points: 
  • The signing ceremony was attended by the Minister of Energy, His Royal Highness Prince Abdulaziz bin Salman; the Minister of Investment, His Excellency Engineer Khaled Al-Falih; the Minister of Industry and Mineral Resources; His Excellency Bandar Al-Khorayef, and the Deputy Minister of Industry and Mineral Resources for Mining Affairs, His Excellency Engineer Khaled Al-Mudaifer.
  • These agreements and Memoranda of Understanding covered mineral exploration, technology and communications, the application of sustainability standards, localization and rehabilitation, and industrialization in the minerals sector.
  • The signing ceremony also witnessed the handing over of the two exploration licenses for the Khnaiguiyahand Umm Ad Damar sites to the companies that won their licenses.
  • FMF continues to concentrate on how to bridge the gap between demand and supply.

The Future Minerals Forum (FMF) sees 25 Memoranda of Understanding, Joint Ventures and agreements exchanged on its Opening Day

Retrieved on: 
Thursday, January 12, 2023
Custodian of the Two Holy Mosques, Shell corporation, Investment, King Saud University, Steel, Ministry of Industry and Mineral Resources (Saudi Arabia), Saline Water Conversion Corporation, Excel Engineering College, Federation, Royal Commission for Jubail and Yanbu, Damar, Memorandum, Resource management, Rehabilitation, Ministry, Metso Outotec, Minister for Energy and Emissions Reduction, Barrick Gold, Eurasian Resources Group, Ministry of Energy (Saudi Arabia), Government, FMF, King Fahd University of Petroleum and Minerals, Baowu, JV, Multimedia, Science, Royal commission, Mining, Uranium, Mineral, Kingdom

These agreements and Memoranda of Understanding covered mineral exploration, technology and communications, the application of sustainability standards, localization and rehabilitation, and industrialization in the minerals sector.

Key Points: 
  • These agreements and Memoranda of Understanding covered mineral exploration, technology and communications, the application of sustainability standards, localization and rehabilitation, and industrialization in the minerals sector.
  • The signing ceremony also witnessed the handing over of the two exploration licenses for the Khnaiguiyahand Umm Ad Damar sites to the companies that won their licenses.
  • FMF continues to concentrate on how to bridge the gap between demand and supply.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/the-future-minerals-forum-fmf-s...

Rio Tinto and Baowu agree to form joint venture to develop Western Range

Retrieved on: 
Wednesday, September 14, 2022
Mining, Minerals, Natural Resources, People, S&P/ASX 200, Transaction, Culture, Achievement, Rio Tinto, Western Australian Government Railways, Resource management, Native title in Australia, Research, Iron, ASX, Time, Rio Tinto (corporation), Aluminium, Trust, Sale, Hamersley Range, History, Competent person, Competence, Joint venture, Carbon, Minerals Resource Rent Tax, Tinto, Partnership, Baowu, Method, Â, Australasian Institute of Mining and Metallurgy, Fe, International joint venture, Ownership, Resource, UK, Social, Metallurgy, Iron ore, Mineral, Inawongga, Mining, Eastern Range, Western Range, Aluminum Corporation of China Limited

Rio Tinto (54 per cent) and China Baowu Steel Group Co. Ltd (Baowu) (46 per cent) have agreed to enter into a joint venture with respect to the Western Range iron ore project in the Pilbara, Western Australia, investing $2 billion ($1.3 billion Rio Tinto share1) to develop the mine.

Key Points: 
  • Rio Tinto (54 per cent) and China Baowu Steel Group Co. Ltd (Baowu) (46 per cent) have agreed to enter into a joint venture with respect to the Western Range iron ore project in the Pilbara, Western Australia, investing $2 billion ($1.3 billion Rio Tinto share1) to develop the mine.
  • Rio Tinto and Baowus partnership in the Pilbara dates back to the 2002 Bao-HI Joint Venture to develop the Eastern Range deposits in the Hamersley Ranges (Eastern Range) and Western Range, subject to a production cap of 200 million tonnes.
  • Rio Tinto Iron Ore Chief Executive Simon Trott said This is a very significant milestone for both Rio Tinto and Baowu, our largest customer globally.
  • Baowu Resources Chairman Shi Bing said "The signing of the joint venture agreement for the Western Range Project is a significant event in the history of cooperation between Baowu and Rio Tinto.