Press Releases
U.S. GoldMining Inc. is pleased to provide an update on the Whistler Gold-Copper Project (the "Project") in Alaska, U.S.A. The Company is currently preparing and mobilizing for the 2025 field season which will focus on developing new potential porphyry gold-copper drill targets within the Whistler Orbit and undertaking follow-up mapping and sampling at the Muddy Creek prospect. 2025 Planned Exploration Program Highlights: The 2025 exploration pro
Read more...22 July 2025
Steel Dynamics, Inc. today announced second quarter 2025 financial results. The company reported second quarter 2025 net sales of $4.6 billion and net income of $299 million, or $2.01 per diluted share. Comparatively, the company's sequential first quarter 2025 net income was $217 million, or $1.44 per diluted share and prior year second quarter net income was $428 million, or $2.72 per diluted share. "During the second quarter 2025, steel pricing stabilized at higher
Read more...Hydro has agreed to a settlement for the long-term power purchase agreement (PPA) with Cloud Snurran AB. In the settlement, Hydro is entitled to compensation of up to EUR 90 million for its voluntary termination of the PPA. Hydro Energi AS signed a long-term PPA with Cloud Snurran AB in 2018 for an annual baseload supply of 300 GWh in the period 2020-2030, and 550 GWh in the period 2031-2049. Cloud Snurran AB has experienced financial challenges for the last few years and has as a r
Read more...17 July 2025
The Board of Rio Tinto has appointed Simon Trott to succeed Jakob Stausholm as Chief Executive, with effect from 25 August 2025. Simon, currently Iron Ore Chief Executive, has a track record of exceptional delivery over 25 years in roles across a wide range of commodities and geographies, with a strong focus on values-based performance culture and strengthening partnerships with stakeholders. As Iron Ore Chief Executive, Simon has strengthened the business and improved ope
Read more...16 July 2025
Tata Steel UK has celebrated the start of a bold new chapter in its history, kicking off construction on its Electric Arc Furnace-based £1.25 billion investment programme. In a powerful symbol of transformation and commitment, Tata Steel UK hosted a high-profile groundbreaking ceremony to mark the start of a new era for the company. In a personal communication to the company’s workforce and contractor partners, Tata Steel UK’s CEO Rajesh Nair said:&
Read more...15 July 2025
Tata Steel UK today celebrates a historic milestone in its green transformation journey as Mr Natarajan Chandrasekaran, Chairman of Tata Steel and the Tata Group, joins government ministers at a groundbreaking event for the company’s state-of-the-art Electric Arc Furnace (EAF) facility in Port Talbot. Mr Chandrasekaran will be joined by Tata Steel CEO and Managing Director T. V. Narendran and Tata Steel UK CEO Rajesh Nair, where they will officially break the ground with spade
Read more...Emirates Global Aluminium’s Chairman Homaid Al Shimmari started-up the final reduction cell in the company’s next generation smelting technology pilot project in Al Taweelah. The pilot is a key step in readying EX smelting technology for large-scale industrialisation, making the project an important foundation of EGA’s future growth and the further strengthening of EGA’s position as the technology provider of choice in the global aluminium industry.
Read more...Emirates Global Aluminium, the largest ‘premium aluminium’ producer in the world, today announced the start of production at the expansion of the EGA Spectro Alloys aluminium recycling plant in Minnesota in the United States. The expansion adds 55 thousand tonnes of secondary billet production capacity in the first phase. The ramp-up to full production is expected to be complete in the first quarter of 2026. The expansion takes EGA Spectro Alloys’ total production
Read more...10 July 2025
The Partner Companies (TPC), a U.S.-based advanced manufacturing company, announced today the acquisition of Precision Eforming. The acquisition enhances TPC's capabilities in micro-component manufacturing, while expanding access to high-growth end markets including aerospace, medical, defense, electronics and energy. Currently based in Cortland, New York, Precision Eforming specializes in sieve and mesh products used across a variety of applications where precise control, repea
Read more...Preparations are well underway for the construction of a new steel processing line as part of Tata Steel’s £1.25 billion investment programme to decarbonise its UK operations, and reduce CO2 emissions from its Port Talbot site by 90%. While public attention often focuses on the construction of the new 3 Mtpa electric arc furnace (EAF), another critical part of the transformation is unfolding quietly—yet significantly—in the site’s southern end: the cons
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