Cleveland-Cliffs agrees to acquire STELCO - The Steel Company of Canada for US$2.8billion. As part of the deal, STELCO - The Steel Company of Canada shareholders will receive shares & cash worth $70 per share, representing an 87% premium on the final share price Friday. Cleveland-Cliffs is an Iron Ore Miner, is one of the United States largest automotive steel providers, the acquisition of STELCO - The Steel Company of Canada will further expand its customer base and will double its flat rolled steel production.
Xtrava Group
Staffing and Recruiting
Melbourne, Victoria 3,508 followers
Global STEM Leadership Talent Specialists
About us
Xtrava Group are a proven global leadership talent specialist, focusing on STEM sectors. Our core industries are Mining, Industrial Technology, Engineered Products, Construction Materials and Engineering. At Xtrava Group, we understand how important great leadership is to an organisation’s long-term development. Our experienced Partners have been trusted for over 30 years to identify and secure leadership talent, that deliver decision making value to organisations. Our track record spans 40+ countries, partnering with innovative start-ups to global tier-1 industry leaders.
- Website
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www.xtravagroup.com
External link for Xtrava Group
- Industry
- Staffing and Recruiting
- Company size
- 11-50 employees
- Headquarters
- Melbourne, Victoria
- Type
- Privately Held
- Specialties
- Mining Recruitment, Industrial Products, Engineered Products, OEMs, Mine Owners, Mining Technology, Industrial Technology, Machinery, Executive Search, Technical Recruitment, and Global Search & Selection
Locations
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Primary
333 Collins St
Level 14
Melbourne, Victoria 3000, AU
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Leeds, GB
Employees at Xtrava Group
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Tom Naylor
Hiring leadership and sales teams globally for mining OEMs and industrial technology businesses
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Marie Sopko MSc.(A), CPHR, CRSP, OHNC, BN Human Resources, Health and Safety Leader
Strategic Leadership ⧫ Human Resources Management ⧫ Health & Safety Management Systems ⧫ Policy & Program Development ⧫ Business Partnerships &…
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Carnedd Williams
Co-founder & Director at SCW Services | Strategic Partner in Health, Safety, Wellbeing, and HR Management | With you on your people journey
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Zach Rose
Talent Strategy, Airtree 🌳 | MBA 👨🎓 | Co-Founder, Penida Project 🏖️
Updates
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Rio Tinto has formally approved a US$6.2 billion investment in the Simandou iron ore project in Guinea, after receiving final approvals from the governments of Guinea and China. The total cost of the project is estimated to be $11.6 billion, with an eventual production of over 120 million tons of iron ore per annum, at a 65% ore grade. The total reserves of the deposit are estimated to be 2.5 billion tonnes. Rio Tinto owns 53% of the project, Minera Chinalco Perú S.A. and a collection of Singapore and Chinese companies own the remainder. The Guinea government owns a 15% stake in the mine and its infrastructure. Rio Tinto will spend US$2.7 billion on mine infrastructure, $1.9 billion on a port, and $1.6 billion on rail infrastructure. #mining #ironore #riotinto #simandou
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Xtrava Group #miningnews update, major headlines.... > Rio Tinto is reportedly weighing a bid for Teck Resources Limited after the Glencore acquisition of its coal assets, leaving behind a highly attractive base metals business estimated to be worth approx. $30billion. > Lundin Mining Corporation has apparently approached BHP regarding a joint bid for Filo Corp. who owns the Filo del Sol Copper Project next to Lundin Mining Corporation's Josemaria Resources Inc. Project on the Argentina/Chile border. > Anglo American has handed over the sales process for their coal assets, estimated to be worth $4-5billion to Morgan Stanley and Goldman Sachs.
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Minerals Council of Australia created 30 examples of everyday things made possible by the #mining industry, please find number 17 in that sequence... #printing
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BHP announced yesterday that it would be suspending its Australian nickel operations due to global oversupply, after the business unit incurred a $300 million annual loss. This decision impacts 3,000 jobs, although the miner advised they would look to redeploy affected workers to other areas of the business. BHP also stated they would continue to invest $300 million per year into its nickel operations in Western Australia, so the asset would be ready to commence once the commodity price becomes economical again. They will review the decision to suspend operations in 2027.
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Canada has introduced new rules limiting foreign takeovers of its mining companies, stating that it will only approve such takeovers of large domestic mining companies with significant critical minerals operations in the most exceptional circumstances. This move aims to protect the country's metals, which are fundamental to global electrification and energy transitions. However, this decision is likely to impact the share prices and valuations of Canadian-based mining companies, including Lundin Mining, Teck Resources, Cameco, Ivanhoe Mines, First Quantum, and Hudbay Minerals. This is announced shortly after the country approved Glencore's $7billion purchase of Teck Resources met coal business. #miningnews #canadianmining #miningindustry
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Minerals Council of Australia created 30 examples of everyday things made possible by the #mining industry, please find number 16 in that sequence... #batteries
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Xtrava Group is wishing all our American connections, partners and clients a Happy 4th!! Enjoy the celebrations 🎇🎆 #usa #independenceday
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Xtrava Group are retained on a Studies Manager position for a global leading engineering company, role is based from Sydney or Newcastle. Please contact a.wilkinson@xtravagroup.com for more details.
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Minerals Council of Australia created 30 examples of the different commodities required for various items and industries, please find number 15 in that sequence below for #currency
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