Saudi Arabia may create a new metals and mining stock exchange index as it looks to shift focus from oil toward the country’s untapped minerals, reported Reuters. Mining Minister Bandar bin Ibrahim al-Khorayef told the news agency that his team met with Australian counterparts to learn more about a mining index. Australia’s ASX 300 Metals & Mining sub-index (.AXMM) lists…
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Building on a foundation of nearly 6,000 trucks sold, the new Cat 793 offers up to 6% more payload than the 793F and boasts the highest payload in its size class, up to 244 tonnes (265 tons). The available high performance (HP) body design further reduces empty machine weight to increase payload capacity. Increased productivity combines with industry-leading powertrain efficiency…
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With the International Mining and Resources Conference (IMARC) wrapping up successfully for 2022, the group has announced where it is headed for next year’s event: the Sydney International Convention Center in New South Wales, Australia. Read full article.
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Nickel miner Horizonte Minerals has picked MIP Engenharia & Milplan Engenharia (MIP/Milpan) to serve as its electro-mechanical contractor for its wholly owned Araguaia project in Brazil. The company was selected following a competitive tender process, and no financial details were disclosed. “MIP/Milpan has a strong track record and importantly, prior rotary kiln-electric furnace (RKEF) experience from Vale’s Onça Puma mine,…
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Epiroc has confirmed that it will take over Australian company Remote Control Technologies (RCT) in a deal the OEM said will make it the world-leading automation solutions provider for surface and underground rock drilling and for underground loading and haulage. RCT offers automation and remote-control solutions applicable for single machines and entire mixed fleets regardless of type or manufacturer, and…
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The latest hydraulic excavator to join Liebherr Mining’s portfolio was unveiled at the bauma trade show in Germany. The second Generation 8 excavator launched within the portfolio, the R 9300, builds on Liebherr’s decades of excavator design expertise for the mining industry and is fitted with the most advanced Liebherr Mining technologies. It will replace the R 9250 in the…
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Fortescue has hit a new milestone at its Iron Bridge magnetite project in the Pilbara region of Western Australia, marking first ore feed into the processing plant. Read full article.
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Canadian miner Teck Resources has agreed to sell its 21.3% interest in the Fort Hills Energy LP and certain associated downstream assets to Suncor Energy for C$1 billion in cash. Read full article.
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Mining electrification has a new player – oil and gas company Shell – which has built an end-to-end mining electrification pilot with a consortium of several companies that will work together to fast-track off-road mining vehicle electrification. Shell announced October 12 its new nine-member consortium to create the pilot offering of electrification solutions for mining sites. Members also include Skeleton,…
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Rio Tinto and Wright Prospecting, both 50% interest holders, have agreed to modernise the joint venture covering the Rhodes Ridge project in the East Pilbara in Western Australia. Read full article.
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