Nouveau Monde Graphite Gearing Up for Construction of the Phase-2 Matawinie Mine-February 2024-www.financetom.com

Nouveau Monde Graphite Gearing Up for Construction of the Phase-2 Matawinie Mine

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Nouveau Monde Graphite Gearing Up for Construction of the Phase-2 Matawinie Mine

Sep 21, 2024 5:04 PM

07:49 AM EDT, 09/20/2024 (MT Newswires) -- Nouveau Monde Graphite ( NMG ) said Friday that it has attained "tangible milestones" in preparing for the construction of the Phase-2 Matawinie Mine.

The company has awarded the 120kV electrical substation to ABB contract to supply, construct and commission the 120kV substation for the Phase-2 Matawinie Mine. The site will be connected to the provincial hydropower network. Through its collaboration with Caterpillar, NMG will equip the Matawinie Mine with a zero-emission mining fleet and associated charging infrastructure, which would make it the world's first all-electric open-pit mine.

Detailed engineering is continuing to progress steadily with AtkinsRealis (ATRL.TO) and SRK, the company said.

Previous page： China EV makers brace for tariffs as Beijing, EU engage in talks Next page： Exclusive-India asks utilities to order $33 billion in equipment this year to boost coal power output, sources say

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

China EV makers brace for tariffs as Beijing, EU engage in talks

Jul 3, 2024

By Nicoco Chan and Sarah Wu SHANGHAI/BEIJING, July 3 (Reuters) - With the clock ticking for the European Commission to impose provisional tariffs on electric vehicles made in China, automakers are bracing for billions of dollars in new costs that analysts expect will slow their European expansion. The bloc is set to confirm on Thursday extra duties of up to...

Exclusive-India asks utilities to order $33 billion in equipment this year to boost coal power output, sources say

Jul 3, 2024

NEW DELHI (Reuters) - India has asked power companies to order equipment worth $33 billion this year to fast track capacity additions of coal-fired power in the years ahead, as the South Asian nation struggles to meet booming electricity demand, two government officials said. The unprecedented move by the government, which would result in record tendering in a year for...

Market Chatter: CVR Energy Submits Bid in Citgo Petroleum Share Auction

Jul 3, 2024

05:04 AM EDT, 07/03/2024 (MT Newswires) -- CVR Energy ( CVI ) is looking to acquire shares in the parent of Citgo Petroleum and has submitted a binding offer in an ongoing auction, Reuters reported Tuesday, citing three unnamed sources familiar with the matter. According to the report, a US court is auctioning the shares to pay certain creditors that...

National Amusements Reportedly Agrees to Preliminary $1.75 Billion Deal to Sell Paramount Interest to Skydance Media

Jul 3, 2024

05:05 AM EDT, 07/03/2024 (MT Newswires) -- National Amusements reached a preliminary deal to sell its controlling interest in Paramount Global ( PARAA ) to Skydance Media, media outlets reported, citing unnamed sources familiar with the matter. Under the proposed terms of the agreement, Skydance Media will pay $1.75 billion for National Amusements, which owns 77% of Paramount's voting shares,...