Ausenco sold to Eldridge, Brightstar, Claure Group

A trio of companies including Eldridge, Brightstar Capital Partners and the Claure Group have inked a definitive agreement to acquire a majority stake in Australian-headquartered engineering firm Ausenco from Resource Capital Fund and other investors. No financial terms have been disclosed. Ausenco said its co-founder Zimi Meka will remain CEO, board member and investor in Ausenco. Mike Burke, former chairman…

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Introducing CiteOps 25.0

As the mining industry embraces modernization and enhanced connectivity, Commit Works has redesigned its front-end application to align with evolving demands. The latest iteration of the CiteOps application offers lightweight, thin-client browser applications. By introducing on-demand, user-centric browser caching, the company said it has made significant strides in bolstering front-end application performance across all sites, especially for the larger and…

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Alderan to acquire seven Brazilian lithium projects

Alderan Resources announced the execution of a binding share sale agreement to acquire 100% of the issued capital in Parabolic Lithium, which has the right to acquire a 100% interest in seven lithium exploration projects in the mineral resource rich state of Minas Gerais, Brazil. The projects cover 472 square kilometers and consist of 24 granted exploration licenses in seven…

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NETL backs tech for nanomaterial from coal, waste

The National Energy Technology Laboratory (NETL) in the U.S. has confirmed it is supporting the advancement of a technology that can turn coal and coal wastes into nanomaterial that is 2,000 times stronger than steel. The development is from international research company Universal Matter, the research facilities of which are in Houston, Texas, and the backing has come from the…

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Volvo releases new fluid analysis program

Volvo Construction Equipment has unveiled its new fluid analysis program, a comprehensive process it said will result in improved uptime and total cost of operation (TCO). The new fluid analysis service expands on its existing oil analysis program and now encompasses lubricants, diesel fuels, diesel exhaust fluid (DEF) and coolants. Up to 75% of repair costs and downtime are related…

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