tiprankstipranks
The Fly

Nouveau Monde awards 120kV electrical substation contract to ABB

Nouveau Monde awards 120kV electrical substation contract to ABB

Nouveau Monde (NMG) has attained tangible milestones in preparing for the construction of the Phase-2 Matawinie Mine through key procurement activities, detailed engineering, construction planning and community investment. Among these is the awarding of the 120kV electrical substation to ABB (ABBNY) as part of the construction preparation and strategy to secure long-lead items for the establishment of an all-electric 103,000-tpa graphite mining and concentrator complex at Matawinie, 120 kilometers north of Montreal, Canada. NMG has awarded ABB the 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, enabling the access to clean energy to support mining activities and concentrator production of carbon-neutral graphite concentrate destined to the lithium-ion battery market. Through its collaboration with Caterpillar Inc., NMG is set to 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.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Questions or Comments about the article? Write to editor@tipranks.com