Glencore

Rio Tinto exited coal mining in Australia by selling its remaining assets in Queensland for $3.95 billion, including the Hail Creek mine and Valeria project to Glencore for $1.7 billion, and its 80% stake in Kestrel mine to a consortium for $2.25 billion.

Cementation Canada won the design and construction contract for a new internal shaft for Glencore's Onaping Depth nickel project at the Craig mine in Ontario. The contract includes a 7.2-metre production shaft, hoist rooms and underground headframe. The new mine is scheduled to reach commercial production in 2025.

Cementation Canada Inc. was awarded the design and construction of a new internal underground shaft for the Onaping Depth Project at Glencore's Craig Mine in Sudbury, Ontario. The contract value was not disclosed, but Glencore has allocated $700 million for the project.

Glencore has awarded Pybar Mining Services a two-year contract for underground decline and level development at the Black Rock Cave copper project at Mount Isa Mines in Queensland, Australia. Pybar will employ 43 personnel on site at peak production.

Sandvik has signed a contract worth approximately $85.5 million to supply stainless steel tubes for 155 miles of umbilicals used in oil and gas installations. Deliveries will take place from the end of 2017 through the first half of 2018.

Engineering contractor Chute Technology announced the successful rehabilitation and recommissioning of Glencore's Integra Coal mine in Hunter Valley, completed in 9 weeks.

Glencore will pay US$1.139 billion to acquire a 49% interest in the Hunter Valley Operations coal mine from Yancoal and Mitsubishi Development, forming a joint venture.

ABB won an order worth over $30 million from SNEL to upgrade the Inga-Kolwezi HVDC power link in the Democratic Republic of the Congo, boosting capacity from 520 MW to 1000 MW.

Bulga Open Cut, a Glencore asset, commissioned a Liebherr R 9100 mining excavator, the third Liebherr excavator delivered in 12 months, at its Hunter Valley site in Australia.