Tag: Investment

Metso has completed the expansion of its service centre in Antofagasta, Chile, adding an additional 1,200 m² of operational capacity, totalling 4,800 m² of technical workspace. Strategically located in the La Negra industrial district, at the heart of northern Chile’s mining area, the service centre has tripled its technical-commercial agreements in recent years, becoming a key strategic partner for major mining companies in the country. Following the expansion, the centre can now repair and refurbish large-scale equipment including HRC™ and high pressure grinding roll units, Vertimill® grinding technology, and mills for mining customers. It also supports beneficiation and dewatering technologies, such as filter plate pack service offerings. In addition, the centre provides service capabilities for mining crushers, grinding mills, screens, and car dumpers.

Aurubis says that it is in discussions with the US government about possible financial support for the construction of a new copper smelter. Reuters reports comments from Aurubis CEO Toralf Haag during LME Week that there had been a positive response from the Trump administration. The US is currently only able to supply about half of its refined copper demand of 1.7 million t/a from domestic production, and the gap may widen as demand increases.

Anglo American and Teck Resources jointly announced a merger agreement on 9th September.

Paradeep Phosphates Ltd (PPL) has announced a $400 million capacity expansion program, following its October 13th merger with Mangalore Chemicals & Fertilizers Limited (MCFL). This company says that the move aims to strengthen PPL's market position and enhance its production capabilities. The investment will involve increasing granulation capacity by 1.0 million t/a at the Paradeep site, as well as an additional 250,000 t/a of phosphoric acid and 750,000 t/a of sulphuric acid capacity at the company’s new Mangalore site. The expansion is expected to be completed within three years, according to PPL, and is expected to ensure 100% backward integration for fertilizer production, reduce import dependency, and enhance operational capabilities and profitability. low-contaminant phosphate concentrate that allows for easy conversion into purified phosphoric acid. The company has spent over C$100 million advancing the project and has received funding and investment from the Quebec Government.

In this CRU Insight, Alexander Chreky reports on China’s potash industry – and reviews the country's international potash investments.

Already a large urea supplier to the region, Indonesia has plans for several new plants to monetise its natural gas resources.

Blue ammonia – ammonia produced from fossil hydrogen with carbon capture and storage (CCS) – offers a cheaper alternative than green ammonia for low carbon supply in the short term, and is more suited to retrofits.

Saudi Aramco has signed an $11 billion lease and leaseback deal involving its Jafurah gas processing facilities with a consortium of international investors, led by funds managed by Global Infrastructure Partners (GIP), a part of BlackRock.

Egypt’s Mineral Resources and Mining Industries Authority (MRMIA) has signed a memorandum of understanding with China’s Asia-Potash International Investment (Guangzhou) Co., Ltd. The MoU is designed to strengthen joint cooperation in exploring and assessing phosphate ore reserves. The objective is to maximise the added value of this crucial resource.

ATOME says that the European Investment Bank (EIB), the lending arm of the European Union, has approved financing in-principle of up to $135 million for the company’s flagship Villeta Project. EIB is one of ATOME’s senior debt providers for Villeta and the announcement follows the Green Climate Fund approval earlier this month. Details of the financing will be finalised in early course, following closing of the debt package with the consortium of leading international development finance institutions. Based on the progress with financing, ATOME is projecting a final investment decision by the end of September 2025.