Japan kicked off a month-long mission to test mining of rare-earth-rich mud from the deep seabed near Minamitori Island, about 1,900 kilometres southeast of Tokyo. The government-backed project is the country’s first endeavour to domestically source rare earths and comes as China begins restricting rare-earth exports to Japan more broadly. The test vessel Chikyu departed on January 12 from the…
Read MoreFlanders Electric Motor Service and EKU Power Drives have entered an exclusive strategic partnership that will add EKU’s idle management solutions to the mining industry. The partnership will help to push both companies’ efforts toward decarbonization, Flanders officials said, and also reduce costs and boost operational efficiency. Specifically, they will meet the goal by offering idle management and electrification solutions…
Read MoreIn a move that it said will boost its global footprint and give it operations in 29 countries, Allison Transmission Holdings said it has wrapped up its acquisition of the off-highway drive and motion systems business division in a US$2.7 billion deal. Allison’s takeover of the drivetrain and propulsion solutions provider, it said, will accelerate its growth and add breadth…
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Civmec secured a series of new contracts and extensions with a combined value exceeding A$400 million, which are expected to be delivered across the second half of fiscal year 2026 and FY27, building upon an uplift in recent activity. Amongst the newly awarded contracts is a civils package with BHP for the Port Debottlenecking Project 2 (PDP2) at Nelson Point,…
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Rio Tinto and Glencore are in preliminary talks about a possible merger, which would create the world’s largest mining company with a combined market value of over US$200 billion. This follows discussions in 2024 that were abandoned after a disagreement over valuations. The companies said they are currently discussing a potential combination of some or all of their businesses, including…
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Material handling supplier BEUMER Group has opened a new state-of-the-art manufacturing facility in Taicang, China, marking a major expansion of the company’s presence in the country. A grand opening ceremony was held on December 10, a date which coincided with BEUMER China’s 20th anniversary and the BEUMER Group’s 90th anniversary globally. The company said the high-tech plant, which sits on…
Read MoreCaterpillar Inc. unveiled a set of AI-powered and autonomous innovations that mark a major step forward for heavy industry, transforming machines into intelligent, connected systems that help customers build and power the world’s critical infrastructure. Caterpillar CEO Joe Creed took the CES keynote stage with Chief Digital Officer Ogi Redzic and Chief Technology Officer Jaime Mineart for a future-facing keynote…
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Larvotto Resources said that its retained partner, PYBAR Mining Services, has kicked off underground development at the Hillgrove antimony-gold project in New South Wales. Following the execution of a binding underground development contract, the developer said PYBAR has mobilised equipment and personnel to the site and commenced works. The program forms part of an approximately 20-kilometer underground development scope planned…
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Fortescue and Taiyuan Iron and Steel Group (TISCO), a subsidiary of China Baowu, have signed a technology development agreement to explore new low-carbon metallurgical processes to help the steel industry accelerate its decarbonisation. Under the agreement, the companies will collaborate on an industrial trial of hydrogen-based plasma-enhanced iron and steel metallurgy. This emerging technology has the potential to create a…
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Queclink Wireless Solutions, a global provider of IoT devices and hardware, has launched its first satellite-enabled vehicle tracker for applications that demand the highest levels of connectivity in remote and isolated locations.
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