Rio Tinto said it has approached Arcadium Lithium about a potential acquisition. The approach is non-binding. Reuters noted that the deal would strengthen Rio’s rise to become one of the largest producers of lithium behind Albemarle and SQM. The news agency exclusively reported that Arcadium could be valued at $4-$6 billion or higher. Arcadium has extensive lithium reserves across four…
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Diavik mine starts underground production
Rio Tinto’s Diavik diamond mine in Canada’s Northwest Territories has moved into commercial production at its A21 underground operation, which was developed beneath the previously mined A21 open pit. Full story.
Read MoreXylem launches Flygt Pareo to North America market at MINExpo
Mining and construction operators in North America can now reduce pump wear by up to 70% and halve maintenance costs with an intelligent monitoring and control solution, according to Xylem. Designed for dewatering in harsh environments, Xylem’s Flygt Pareo solution reduces equipment life cycle costs and improves the reliability and safety of pumping operations by making any traditional dewatering pump…
Read MoreBrookville promotes Kocher
Brookville Equipment has selected its part sales account manager Chelsea Kocher to be its new Senior Sales Manager – Mining. Her duties will include taking on a higher leadership role in the part sales division, as well as new equipment sales, the company said. “She will continue overseeing part sales, in addition to accepting her new nickname as the ‘Queen…
Read MoreMetso to boost customer support in Western Canada
Metso continues to strengthen its footprint and proximity to customers by investing in a new service center in Prince George, British Columbia – one of the emerging mining regions in Canada. Full story.
Read MoreRio2 receives key Fenix permits
Miner Rio2 said its Chilean subsidiary, Fenix Gold, has received the principal sectorial permits it requires to begin construction at its Fenix gold project in the Maricunga Gold Belt of the Atacama Region, Chile. “The team at both Rio2 and Fenix Gold have done a great job in obtaining these permits, which will allow the company to complete its debt…
Read MoreSouthern Cross Gold to secure land around Sunday Creek
Southern Cross Gold said it is acquiring multiple properties directly surrounding its Sunday Creek project, 60 kilometres north of Melbourne, Australia. The company is acquiring two residential holdings for A$1.9 million, and has also entered into a Share Swap Agreement to acquire all the shares in Sparr Nominees Pty. Sparr holds substantial agricultural properties near Sunday Creek and approximately $18.75…
Read MoreMetso wins Chinese pelletizing plant order
Metso has signed a contract with Beijing Shougang International Engineering Technology (BSIET) for the delivery of a traveling grate pelletizing plant for Ruifeng Iron and Steel Group in Tangshan, Hebei province, China. “We are delighted to support Ruifeng in achieving their decarbonization targets with our advanced technology. The increasing interest in our compact-sized pellet plants in China is very encouraging,”…
Read MoreCoeur Mining to acquire SilverCrest Metals
U.S.-based Coeur Mining has entered into a definitive agreement to acquire North American peer SilverCrest Metals, adding the Las Chispas underground mine in Sonora, Mexico, to its portfolio. Under the terms of the agreement, a wholly-owned subsidiary of Coeur will acquire all of the issued and outstanding shares of SilverCrest pursuant to a court-approved plan of arrangement. The transaction is…
Read MoreCaterpillar, Trimble extend long-standing joint venture
Caterpillar Inc. and Trimble announced the extension of their long-standing joint venture. The agreement includes expanded distribution of grade control solutions in the construction sector to accelerate innovation and customer adoption. Since 2002, the Caterpillar Trimble Control Technologies (CTCT) joint venture has led the industry in grade control solutions, delivering products that contribute to jobsite safety and productivity. The renewed agreement will…
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