Global mining technology provider Weir has entered into a binding agreement to acquire U.S.-based Townley Engineering and Manufacturing Co. and Townley Foundry & Machine Co. for US$150 million. The deal will strengthen Weir’s market channels and manufacturing footprint in North America, including in the phosphate market. Townley, a provider of mining wear and abrasion solutions, has a foundry and urethane…
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Glencore-owned Elk Valley Resources, which operates four steelmaking coal mines in British Columbia, said it is cutting 140 jobs due to “challenging market conditions,” reported CBC News. Full story.
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Robert (Bob) Bunting, chairman of Bunting Magnetics and a key figure in the company’s growth into a global supplier and manufacturer of magnetic solutions, died June 17, surrounded by family. He was 76. His father, Walter Bunting, founded the company in 1959. Bob led the company for nearly three decades, overseeing its expansion into international markets and the diversification of…
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Epiroc, a productivity and sustainability partner for the mining and construction industries, has launched a circular solutions portfolio within its Parts & Services divisions. With over 4,000 service technicians and more than 75 workshops worldwide, Epiroc is uniquely positioned to support customers globally with circular solutions. Epiroc consolidates decades of expertise working with maintenance, service and repair to increase the…
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Rio Tinto has agreed to pay $138.75 million to settle a lawsuit that accused the miner of defrauding investors by concealing problems with its underground expansion of the Oyu Tolgoi copper-gold mine in Mongolia, reported Reuters. The lawsuit sought damages on behalf of shareholders of Turquoise Hill Resources between July 2018 and July 2019, when it was majority-owned by Rio…
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Metso is expanding its rubber and Poly-Met wear parts production capability in Australia. The OEM said it is installing a mega-class press at its Canning Vale production facility in Western Australia, which is specifically designed to produce large Megaliner mill liners. “Our customers have already responded very positively to the advantages of local support with our Karratha service center, which…
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Canadian-based IAMGOLD said the processing plant at the Côté Gold mine in northeastern Ontario has operated at nameplate capacity of 36,000 tonnes per day on average over 30 consecutive days. Full story.
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Teck Resources has received an Environmental Assessment Certificate for the proposed Highland Valley Copper Mine Life Extension project from the British Columbia government. The project would extend the life of the copper-molybdenum mine to the mid-2040s. Full story.
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Lynas Rare Earths has confirmed first production of terbium oxide (Tb) at its advanced materials plant near Kuantan, Malaysia. This is the second separated heavy rare earths oxide to be produced at Lynas Malaysia this year. “Together with dysprosium oxide (Dy), which was first produced on our new heavy rare earths production line in May, Lynas can now supply customers…
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Eriez has appointed Mary Ann De Lunas as country manager for its Magnetics division in the Philippines, underscoring the company’s commitment to expanding its footprint and enhancing customer support across the Asia-Pacific (APAC) region. Full story.
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