RIO & BHP to Build Electric Smelting Furnace Plant to Lower Emissions
Rio Tinto RIO has joined forces with BHP Group BHP and BlueScope to develop Australia’s largest ironmaking electric smelting furnace (ESF) pilot plant in Western Australia. The BHP-RIO alliance will...
Fortescue Inks $2.8B Deal to Buy Zero Emission Machines From Liebherr
Fortescue Ltd FSUGY has strengthened its partnership with Liebherr, increasing the mining equipment to be supplied by the latter from 120 haul trucks to 475 zero-emission machines. This will create one...
VALE Moves Above 50-Day SMA on CEO Appointment: Time to Buy the Stock?
Vale S.A. VALE shares have gained 2% following the announcement on Aug. 26 that its current chief financial officer, Gustavo Pimenta, will take over the reins of the company as the next CEO. He will replace...