State-owned Saudi Arabian Mining Co. (Ma’aden) has agreed to form a joint venture with the kingdom’s sovereign wealth fund to invest in mining assets globally, reported Reuters. Ma’aden will own 51% in the venture while the Public Investment Fund will own 49%, the company said in a regulatory filing. The miner said the new venture’s strategy “will initially be to…
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Sandvik will be providing a New Gold operation in British Columbia with a US$13.1 million (SEK135 million) order that is, in part, for new battery-electric mining equipment. Full story.
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Merida, Yucatan, Mexico, is now home to an ABB facility, as the company has opened a Technology and Engineering Center (MXTEC) there to increase North American project delivery capacity and boost its competitiveness. Full story.
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PHOTO: WAE Technologies Fortescue’s decarbonisation journey has taken a major step forward with the delivery of a WAE Technologies battery, ready to be installed in a prototype zero-emission battery electric mining haul truck that the miner is developing with Liebherr. Full story.
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Another decarbonization step is being taken, this time by Rio Tinto at its United States operations: the operator is planning to swap out its conventional diesel fuel for renewable fuel across its haul truck fleet. Full story.
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Normet is already having a busy 2023, acquiring Finland boom system manufacturer Rambooms and hydraulic attachments supplier Marakon and also grabbing up a minority holding in startup Lekatech. Full story.
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Arizona Sonoran Copper Company has announced its 2023 work plan for the Cactus Property, inclusive of the Cactus and Parks/Salyer projects near Casa Grande, Ariz. Full Story.
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With a focus on high efficiency and power density as well as low maintenance, ABB has unveiled its Baldor-Reliance HydroCool XT motor for the toughest industry environments. The motor, according to the company, offers customers an ideal combination of flexible design, low maintenance and reliable performance, and the product line represents a new generation of water-cooled motors developed in response…
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Civmec has secured a major contract worth more than A$330 million for the Rio Tinto Western Range iron ore project in the Pilbara region of Western Australia. Read more.
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Engineering group Fluor has been selected by Eldorado Gold subsidiary Hellas Single Gold Member for an engineering, procurement and construction management (EPCM) contract at the Skouries gold-copper operation in the Halkidiki Peninsula, Greece. Fluor’s scope of work includes infrastructure, non-process facilities, process area and tailings filtration. The contract, booked in the firm’s fourth quarter, is worth US$845 million. Fluor’s Vancouver…
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