Subsurface intelligence group Ideon Technologies has formed a partnership with Rio Tinto to solve what the pair calls mining’s hardest problem: geological uncertainty. The issue, the companies said, can make it difficult to identify, develop, and recover critical minerals as quickly and efficiently as the world needs them, and the uncertainty impedes growth, slows investment, drives costs, and delays time…
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USA Rare Earth secures link in supply chain with LCM deal
USA Rare Earth has entered into a definitive agreement to acquire UK-based LCM (Less Common Metals), a rare earth metal and alloy producer, for $100 million in cash and 6.74 million shares of USAR common stock. The acquisition represents a significant acceleration of USAR’s mine-to-magnet strategy, establishing an end-to-end rare earth supply chain. “The acquisition of LCM is a bold…
Read MoreWeir partners with Viking Analytics to enhance digital offerings
Weir, a mining technology company, has entered into a strategic collaboration agreement with Viking Analytics, a Swedish-based company specializing in AI-powered vibration analysis and condition monitoring for smarter predictive maintenance.
Read MoreRio Tinto unveils final Beyond Rare diamond tender
Rio Tinto has launched its final Beyond Rare Tender, the third in its annual Art Series, featuring 52 lots of rare diamonds. The final collection pays homage to the life of the Argyle diamond mine in Australia, which ceased operations in 2020, and the Diavik diamond mine in Canada that will cease production next year. The collection, weighing 45.44 carats,…
Read MoreNewmont completes sale of Orla Mining stake
Global miner Newmont has completed the sale of its common shares of Orla Mining, for aggregate gross proceeds of US$439 million (C$605 million). “Today’s announcement demonstrates Newmont’s ongoing commitment to streamlining our equity portfolio and unlocks significant cash to support Newmont’s capital allocation priorities,” said Tom Palmer, Newmont chief executive officer. “We value the strong relationship we’ve had with Orla…
Read MoreKomatsu, Applied Intuition announce innovation collaboration
Komatsu announced a strategic technology collaboration with Applied Intuition, a Silicon Valley-based company at the forefront of vehicle intelligence. This collaboration aims to provide cutting-edge technologies and real-time adaptability to Komatsu’s next-generation mining equipment, helping customers boost productivity, reduce downtime and operate with greater precision and efficiency. With Applied Intuition’s proven capabilities across vehicle operating systems, autonomy stacks and tooling,…
Read MoreVolvo Group marks 80 years of remanufacturing excellence
As a leading force in the development of sustainable transportation solutions, Volvo Group this year is celebrating 80 years of remanufacturing components for its on-road, off-road and marine applications. The remanufacturing program, which launched in 1945 in Köping, Sweden, is supported in North America today by operations in Middletown, Pa., and Charlotte, N.C. “Remanufacturing is a cornerstone of the Volvo…
Read MoreAnglo American, Teck to form mining powerhouse
Anglo American and Teck Resources have reached an agreement to combine the two companies in a merger of equals, forming the Anglo Teck group. Headquartered in Vancouver, Canada, Anglo Teck will be a global critical minerals champion and top-five global copper producer. Bringing together the strengths of both companies, Anglo Teck will leverage proven capabilities in technical and operational excellence,…
Read MoreREMA TIP TOP acquires key assets of Almex Group
REMA TIP TOP has acquired significant assets and operations of the Canadian company Almex Group. With the acquisition, the company has expanded its portfolio in the area of conveyor belt vulcanizing systems and “strengthened its position as the world’s leading provider of integrated conveying solutions,” the company stated. As one of the worldwide leading manufacturers of vulcanizing presses, Almex complements…
Read MoreU.S. invests in Aclara Resources’ Brazilian project
Aclara Resources announced that the U.S. International Development Finance Corporation (DFC) has committed up to US$5,000,000 in project development funding for its Carina heavy rare earths project in Goiás, Brazil. The strategic investment provided under DFC’s Project Development Program will primarily fund a feasibility study for the Carina project. The feasibility study, which is expected to be completed by the…
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