Noveon Magnetics to supply ABB with rare earth magnets

ABB has entered into a long-term supply agreement with Noveon Magnetics, an operational U.S. manufacturer of sintered rare earth magnets. The multi-million-dollar deal will support ABB’s North American manufacturing operations. Under the agreement, Noveon will supply ABB with high-performance NdFeB magnets for use in industrial motor applications. Monthly deliveries will begin this month and scale up to supply all magnet…

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Liebherr-Australia, Glencore enter ‘new era of partnership’

Liebherr-Australia and Glencore have finalised a significant 17-machine delivery plan across six major mining operations in Queensland and New South Wales, with deliveries scheduled through to the end of 2026.  “We are excited to announce this new era of partnership with Glencore. Securing multi-year supply agreements of this scale is a proud moment for Liebherr-Australia,” said Brian Boitano, executive general…

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Peabody walks away from planned Anglo American deal

American coal producer Peabody has terminated purchase agreements with Anglo American for its Australian coal assets due to a material adverse change (MAC). The decision comes nearly five months after an ignition event occurred at Anglo’s Moranbah North mine.  Moranbah North was one of the four metallurgical coal mines included in the nearly $3.8 billion deal. The exact cause of…

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New Age Exploration completes maiden RC drilling at Lammerlaw

New Age Exploration announced that its maiden reverse circulation (RC) drilling program at the Lammerlaw gold project in New Zealand has intersected shear zone-hosted gold mineralisation analogous to the Macraes deposit.  The Australian-based exploration and development company commenced its maiden Phase 1 drilling in April and completed the program in May with five holes drilled for 458 metres.  “This is…

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