UMMC to implement Zyfra fleet management system at its coal mines worldcoal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldcoal.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Abu Dhabi-backed Mubadala Investment Co. is buying into a Swiss online metals-trading platform set up by two former Glencore Plc traders. The United Arab Emirates wealth fund is the lead investor in a $33 million funding round, Zug, Switzerland-based Open Mineral AG said in a statement. The funds will be used to expand the company’s digital trading offering, which allows producers and traders to buy and sell metals and raw materials online. Boris Eykher, Open Mineral’s chief executive officer and co-founder, said the firm has 45% of all global metals buyers and sellers registered on its trading platform. Users include China’s Zijin Mining Group and Russia’s Ural Mining and Metallurgical Co., he said by email. The latest funding round attracted other new investors, including Statkraft and Lingfeng Capital. Open Mineral declined to disclose the size of individual investments. The trading platform’s other backers include Xploration Capital and Emerald Technology Ve
This week in photos: Crash out at Olympics, turtle rescue mission and train collision tass.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tass.com Daily Mail and Mail on Sunday newspapers.
KGHM does deal to sell mining machinery to Russian mining group
The contract signed by Zanam Vostok concerns the delivery of a total of 12 mining machines for the Russian company.
The company Zanam Vostok – a subsidiary of KGHM Zanam from the KGHM Polska Miedź capital group registered in the Russian Federation – submitted the best offer for the supply of specialized mining machinery for the Russian PAO Gaiski GOK (Ural Mining and Metallurgy Combine), the group said.
“An element of our strategy is the expansion into foreign markets by the companies of the KGHM capital group. Our mining machinery manufacturer KGHM Zanam fits perfectly into these assumptions. The company won a large contract in the German market and was now the best bidder in the Russian market. We will deliver Polish loaders and drilling rigs there, ”said the president of KGHM, Marcin Chludziński.
Shrinking surplus to galvanize H2 zinc prices - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.