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12.07.2019

BHP set to be the next leading miner to exit from coal

Mining major BHP is reportedly planning to exit from coal with the divestment of its thermal coal business, which includes assets in Australia and Colombia. As the first step of this move, the company left the World Coal Association (WCA) last year. BHP cited differences on climate change as the primary reason for ending its membership in the WCA group. The company has two thermal coal units, NSW Energy Coal in Australia and Cerrejón in Colombia.

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27.06.2019

Alcoa Corporation and Ma’aden amend joint venture

Alcoa Corporation announced that it has amended its joint venture with the Saudi Arabian Mining Company (Ma’aden) in which Alcoa holds a minority, 25.1 % stake. The joint venture was created in 2009 as a fully integrated aluminum complex in the Kingdom of Saudi Arabia, comprised of three entities: the Ma’aden Bauxite and Alumina Company (MBAC; the bauxite mine and alumina refinery), the Ma’aden Aluminium Company (MAC; the aluminum smelter and cast house), and the Ma’aden Rolling Company (MRC; the can and auto sheet mill). As a result of the amended joint venture agreements, signed June 26, 2019, and expected to close by month end:

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