Brownfield expansion overtakes greenfield development

Metso Life Cycle Services model for minerals processing Metso is introducing a groundbreaking Life Cycle Services (LCS) framework to reflect the shift toward outcome-based partnerships and performance-driven business models, while addressing customers’ different levels of support requirements.    Metso has offered LCS for more than 15 years and the new LCS model includes solutions for parts, equipment and process island scopes as well as three partnership levels focusing on stability, optimisation or growth.  Metso integrated service solutions senior vice president Miika Tirkkonen says customers aim to improve efficiency and profitability, although their needs vary greatly.   “Metso is...

MinRes completes sale of Yilgarn Mineral Resources (ASX: MIR) announced yesterday that it has completed the sale of its Yilgarn Hub iron ore assets, located in WA, to Yilgarn Iron Investments (YII). Under the sale terms, YII has acquired all tenements and other land interest across the hub, associated approvals and licenses, entitlements and fixed assets including Koolyanobbing, Windarling, Carina and Parker Range. YII has also assumed all current environmental, closure and rehabilitation liabilities across the Yilgarn Hub. Following a feasibility study on...

BHP pays $110m to settle Samarco class action BHP (ASX: BHP) has reached an agreement to settle the Australian Samarco shareholder class action filed to the Federal Court in 2018. The class action was launched on behalf of shareholders who acquired BHP shares prior to the 2015 Fundão tailings dam collapse. The dam collapse at the Samarco iron ore project in Brazil killed 19 people and lead to more than $30b worth of damages. The communities of Bento Rodrigues, Paracatu de Baixo and Gesteira were flooded when mine waste from the dam entered the Doce River. Other communities and...