May 17, 2020

Lower carbon emissions foot the bill as BHP Billiton and Peking University sign $7.3million deal

Carbon capure
use and storage
BHP Billiton
Dale Benton
2 min
Lower carbon emissions foot the bill as BHP Billiton and Peking University sign $7.3million deal
BHP Billiton has entered a partnership with Peking University to fully realise the potential of carbon capture, use and storage (CCUS) for steel product...

BHP Billiton has entered a partnership with Peking University to fully realise the potential of carbon capture, use and storage (CCUS) for steel production in China.

In a three-year partnership, BHP and Peking University will be investing US$7.3million to develop low carbon emission technology across multiple sectors, particularly the iron and steel industries.

BHP Billiton Chief Executive Officer, Andrew Mackenzie, said the program is part of the Company’s support for the development of low emissions technology across multiple sectors.

“The application of carbon capture, use and storage may prove to be important to reducing the volume of greenhouse gas emitted by the steel sector in China and elsewhere. However, investment in the technology is behind where it needs to be,” he said.

“As a major metallurgical coal and iron ore supplier, BHP Billiton has a role in working with our customers, industry and research institutions in China. The work to be undertaken through this agreement is a necessary first step to get the fundamentals right and accelerate CCUS development and deployment.”

President of Peking University, Professor Lin Jianhua, spoke highly of the partnership as PKU’s latest example in seeking solutions to challenges faced by the country and the world.

“We recognise the importance of international collaboration in addressing the global challenge of climate change. This new project will push forward the collaborative work on many fronts, help support China’s carbon reduction, as well as promote friendship and cooperation between China and Australia,” he said.

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Jun 29, 2021

Vale invests $150mn to extend life of Manitoba operations

battery metals
2 min
Vale’s $150mn investment in operations at Thompson, Manitoba will extend mine life by 10 years

Vale has announced a $150mn CAD investment to extend current mining activities in Thompson, Manitoba by 10 years while aggressive exploration drilling of known orebodies holds the promise of mining well past 2040.

Global energy transition is boosting the market for nickel

The Thompson Mine Expansion is a two-phase project. The announcement represents Phase 1 and includes critical infrastructure such as new ventilation raises and fans, increased backfill capacity and additional power distribution. The changes are forecast to improve current production by 30%.

“This is the largest single investment we have made in our Thompson operations in the past two decades,” said Mark Travers, Executive Vice-President for Base Metals with Vale. “It is significant news for our employees, for the Thompson community and for the Province of Manitoba.

“The global movement to electric vehicles, renewable energies and carbon reduction has shone a welcome spotlight on nickel – positioning the metal we mine as a key contributor to a greener future and boosting world demand. We are proud that Thompson can be part of that future and part of the low carbon solution.”

Vale continues drilling program at Manitoba

Coupled with today’s announcement, Vale is continuing an extensive drilling program to further define known orebodies and search for new mineralization.

“This $150mn investment is just one part of our ambitious Thompson turnaround story. It is an indicator of our confidence in a long future for the Thompson operations,” added Dino Otranto, Chief Operating Officer for Vale’s North Atlantic Base Metals operations.

“Active collaboration between our design team, technical services, USW Local 6166, and our entire Thompson workforce has delivered a safe, efficient and fit-for-purpose plan that will enable us to extract the Thompson nickel resources for many years to come.”

The Thompson orebody was first discovered in 1956 by Vale (then known as Inco) following the adoption of new exploration technology and the largest exploration program to-date in the company’s history.  Mining of the Thompson orebody began in 1961.

“We see the lighting of a path forward to a sustainable and prosperous future for Vale Base Metals in Manitoba,” said Gary Annett, General Manager of Vale’s Manitoba Operations.

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