Metso has agreed to acquire the screening business, operations and key assets of Selm (Beijing) Technology Co., Ltd. for an undisclosed amount. The deal strengthens the OEM’s services to better support mining and aggregates customers in China. “The acquisition is a significant step in advancing our regional strategy in screening of being closer to our customers, fostering a market-focused approach,”…
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Japan Gold has entered into an investment agreement with Osisko Gold to sell a 1.5% net smelter return royalty on certain properties and assets in Japan for US$5 million cash. Osisko will also have the option to purchase an additional 0.5% net smelter return royalty for $3 million after the deal’s first anniversary. “The transaction allows us to accelerate our…
Read MoreMining contractor PT Pamapersada Nusantara (PAMA) has become the first open-pit coal mine in the region to implement automation at its Kalimantan coal mine site in Indonesia, selecting RCT as its partner for the project. RCT said its automation technology was implemented on the site’s dozer fleet, consisting of a Komatsu D155 and a Komatsu D375. These dozers have been…
Read MorePapua New Guinea Mining Minister Wake Goi stressed this week that the government’s support is solid for mining companies that align with its long-term sustainability development goals. He told regional newspaper the Post-Courier that he is happy to see positive examples for the resource sector alongside “responsible investors” like K92 Mining and wants to foster such partnership. “We encourage other…
Read MoreRishi Raj Singh is now Head of OEM Asia Pacific, while Aniruddha Pandit becomes Head of OEM Africa and Middle East. Both appointments are aimed at consolidating existing relationships with major manufacturers, plus at opening new business opportunities in new markets by leveraging a strategic and ambitious plan. The focus will lie on building long-term relationships with major commercial players,…
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Canadian-headquartered Silvercorp Metals has confirmed the completion of its tailings storage facility No. 3 and its new 1,500-tonne-per-day flotation production line at the Ying complex in the Henan Province, China. The project, it said, wrapped in early December 2024 on time and under budget. Both facilities are now fully operating as designed following a one-month commissioning period. The addition of…
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Australia’s Fortescue has signed a memorandum of understanding with Baowu Resources, a wholly-owned subsidiary of China Baowu Steel Group, to address challenges in decarbonising the global steel industry, reported Reuters. “We are committed to building a green iron supply chain,” said Fortescue COO Shelley Robertson. “The partnership with China Baowu will help further accelerate the development of green iron technology…
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Australian contractor Macmahon has been selected by PT Masmindo Dwi Area, a subsidiary of PT Indika Energy, for mining services at the Awak Mas gold project in South Sulawesi, Indonesia. The scope of service includes open-cut mining activities and mine site development. The seven-year contract, with an option to extend for a further five years, is expected to commence in…
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India’s Council of Scientific & Industrial Research – Central Institute of Mining and Fuel Research (CSIR-CIMFR) has successfully conducted the country’s first trial blast for the dozer push mining method. This innovative approach aims to enhance safety and operational efficiency in mining processes by utilising unmanned, automated machinery. The trial was conducted at the PEKB (Parsa East and Kanta Basan)…
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The Jhanjra Area of Eastern Coalfields has achieved a significant milestone with the launch of a Gainwell standard height continuous miner (SHCM-3) – the first CM manufactured under the ‘Make in India’ program – at the Jhanjra colliery. A ribbon-cutting ceremony was attended last month by Eastern Coalfields executives, members of the JCC and representatives from INMOSSA. Additionally, the dignitaries…
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