Metso has signed an agreement to acquire Jindex Pty Ltd, a privately owned Australian tech company specializing in valves and process flow control, for an undisclosed amount. “This acquisition is yet another important step in the development of Metso’s Pumps business line offering to bring us closer to being our customers’ lifecycle partner of choice. Flow and isolation control play…
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Rio Tinto said it shipped its four billionth tonne of iron ore from the Pilbara in Western Australia to China after half a century of working together. The shipment was loaded at Dampier Port on 19 July, bound for China Baowu Steel Group – the world’s top steel producer. “China’s strong demand for high-quality minerals such as iron ore has…
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Global miner Fortescue said initiatives are being implemented to simplify its structure, remove duplication and deliver cost efficiencies, including the layoff of 700 people across its global operations. “The company must continually evolve to ensure it remains lean, is best positioned to deliver on its strategy and generate the maximum value for shareholders,” Fortescue said. In addition to the layoffs,…
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The Mine Safety and Health Administration (MSHA) has released results of a Pattern of Violations screening that identifies chronic violators and mine operators that show a disregard for miners’ health and safety. The results follow the agency’s reviews which, for the first time, included more than one POV screening by MSHA in a calendar year. Full story.
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Discovering drone-powered solutions that give you better data. Sitting in the driver’s seat of the newest excavators. Seeing automation solutions that you didn’t know existed. That’s what you can be doing in just a few months at MINExpo INTERNATIONAL. Get a sneak peek at what’s in store now.
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Rex Minerals has entered into a scheme implementation deed (SID) with its major shareholder MACH Metals Australia, under which MACH will acquire all of the shares it does not already own for cash consideration of A$0.47 per share. The offer price, which implies a fully diluted equity value of A$393 million, follows a competitive global partnering process, which focused on…
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BHP has confirmed a settlement agreement with Vale regarding group action proceedings in the UK in respect of the Fundão Dam failure in Brazil. The miner said it and its UK arm were defendants to a group action claim in the English High Court, which was brought by over 600,000 claimants seeking damages in relation to the 2015 Fundão Dam…
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The U.S. Senate has unanimously approved S. 912, also known as the Mining Schools Act of 2023, in a move that will boost the nation’s mining schools’ ability to recruit and train the industry’s next generation of mining experts. Full story.
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Sleipner Finland has signed a representation agreement with Komatsu Poland for innovative transport solutions for moving mining and construction machinery in the Polish market and making them more efficient. Sleipner said its DB Series lowbed trailers and E Series dollies make operations in mines and quarries significantly more efficient compared to traditional transfer solutions, such as driving on tracks or…
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Liontown Resources said it has executed a full-form offtake agreement with Beijing Sinomine International Trade Co. (BSIT) for the supply of spodumene concentrate from its flagship Kathleen Valley lithium project in Western Australia. “Securing a near-term offtake with an established lithium refiner to sell initial volumes over the ramp-up period, de-risks sales during our ramp-up of the plant towards nameplate…
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