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Freehill Mining to supply raw materials to Cementos Melón 13 February 2024
Chile: Freehill Mining has won a US$181,000 order to supply raw materials to Cementos Melón's Coquimbo cement plant. Despatches, from the Yerbas Buenas metals mine, will take place in mid-March to mid-May 2024. Freehill Mining said that its local subsidiary is already in talks with Cementos Melón over a possible longer-term supply contract. Freehill Mining says that it processes the materials at a plant at its Yerbas Buenas site.
Freehill Mining’s non-executive chair Ben Jarvis said “This purchase order with Melón marks the first step of a major scale-up of activities at Yerbas Buenas. For the past six months, our focus has been to establish confidence with our customers so they regard Freehill as a dependable supplier. Now that we have achieved this, we are ramping up supply and thus increasing revenue. Whilst the value of this purchase order is pleasing, we are confident that much larger orders will materialise very soon.” He added “We anticipate having our larger plant operational at Yerbas Buenas by the end of this month.”
Tamil Nadu Cements to expand Pudupalayam limestone mine 13 February 2024
India: Tamil Nadu Cements plans to expand its limestone mining operations at the Pudupalayam quarry in Tamil Nadu. The New Indian Express newspaper has reported that local residents have protested against the planned expansion. Some local landowners claim that Tamil Nadu Cements did not pay them for the 121 hectares of land it originally acquired in Pudupalayam.
Buzzi grows sales in 2023 12 February 2024
Italy: Buzzi recorded consolidated sales of Euro4.32bn in 2023, up by 8.1% from Euro4.32bn in 2022. This came in spite of a 7% year-on-year drop in the company’s cement sales volumes, to 26.3Mt. In its domestic market of Italy, Buzzi raised its sales by 13% to Euro818m. In the US, sales grew by 9.5% to Euro1.74bn, in Mexico by 33% to Euro1.03bn, in Germany by 9.2% to Euro872m, in the Czech Republic and Slovakia by 1.8% to Euro205m, in Poland by 11% to Euro157m and in Ukraine by 43% to Euro85.6m. On the other hand, Buzzi’s sales fell by 5.6% in Luxembourg and the Netherlands, to Euro214m, by 2% in Russia to Euro285m, and by 1.6% in Brazil to Euro394m.
The company said “The increasingly evident effects of monetary restriction, the worsening of consumer and business confidence, and the uncertainties dictated by the growing geopolitical tensions in Ukraine and the Middle East continue to weigh on the international economic framework. In fact, in the last part of 2023, global economic activity weakened further, with international trade contracting in the third quarter.”
GAS Arabian Services to supply gas equipment to Yamama Cement 12 February 2024
Saudi Arabia: GAS Arabian Services Company has won a contract for the procurement of metering skids, pressure reduction stations and gas pipelines for Yamama Cement, Mist News has reported. Yamama Cement is in the process of expanding its Northern Halal cement plant to 32,500t/day in capacity.
Siam Cement Group gains 3% stake in Avantium 12 February 2024
Netherlands: Siam Cement Group has acquired new shares in electrochemistry start-up Avantium through its affiliate Senfi Ventures. Reuters has reported that the Thailand-based group now holds a 3% stake in Avantium, through total investments of US$4.82m.
Avantium’s technologies include the Volta system, which produces commercial chemicals using captured CO2. Avantium previously tested the system at a Titan Cement Group cement plant in Greece.