Rio Tinto and Glencore are in preliminary talks about a possible merger, which would create the world’s largest mining company with a combined market value of over US$200 billion. This follows discussions in 2024 that were abandoned after a disagreement over valuations. The companies said they are currently discussing a potential combination of some or all of their businesses, including…
Read MoreCaterpillar Inc. unveiled a set of AI-powered and autonomous innovations that mark a major step forward for heavy industry, transforming machines into intelligent, connected systems that help customers build and power the world’s critical infrastructure. Caterpillar CEO Joe Creed took the CES keynote stage with Chief Digital Officer Ogi Redzic and Chief Technology Officer Jaime Mineart for a future-facing keynote…
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Larvotto Resources said that its retained partner, PYBAR Mining Services, has kicked off underground development at the Hillgrove antimony-gold project in New South Wales. Following the execution of a binding underground development contract, the developer said PYBAR has mobilised equipment and personnel to the site and commenced works. The program forms part of an approximately 20-kilometer underground development scope planned…
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Fortescue and Taiyuan Iron and Steel Group (TISCO), a subsidiary of China Baowu, have signed a technology development agreement to explore new low-carbon metallurgical processes to help the steel industry accelerate its decarbonisation. Under the agreement, the companies will collaborate on an industrial trial of hydrogen-based plasma-enhanced iron and steel metallurgy. This emerging technology has the potential to create a…
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Australian and American companies VERIDAPT and FUELHUB have formed a new global alliance to deliver digitally advanced fuel management and reconciliation solutions to the North American mining sector, as well as for rail, agriculture, and commercial transportation.
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Gold and copper miner SolGold has agreed to be acquired by its largest shareholder, Jiangxi Copper, in a deal that values the Ecuador-focused miner at 867 million pounds ($1.17 billion). This was Jiangxi’s third proposal to acquire SolGold.
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Family-owned BEUMER Group said it is celebrating its 90th anniversary, all while also reporting that 2024 was the most successful financial year in its history thanks to its innovations and partnerships. The company said its order intake for all of least year was 1.39 billion euros, which it attributed to a long-term independent strategy that it has scaled globally. “Rather…
Read MoreThe shareholders of Anglo American and Teck have approved the proposed merger of equals to form Anglo Teck. The vote was held at a special meeting, and Anglo American CEO Duncan Wanblad said the plan received “strong support” from shareholders and stakeholders alike. “Today marks a major milestone towards forming Anglo Teck – a global critical minerals champion, headquartered in…
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IMDEX confirmed January 12 it will wholly acquire Advanced Logic Technology and its subsidiary, Mount Sopris Instruments. The milestone marks a significant extension of IMDEX’s global leadership in subsurface data, which will create the industry’s most advanced subsurface intelligence system. ALT, headquartered in Luxembourg, is the global leader in high-performance downhole rock property sensor systems and geoscience data processing software.…
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Israel-headquartered predictive maintenance firm Odysight.ai has confirmed it successfully wrapped up a proof of concept (POC) project in the global mine truck segment alongside a major international automotive OEM. Together with the undisclosed partner, Odysight.ai said its solution was installed on an 8×4 heavy-duty mine truck chassis, which was also fully integrated into the vehicle’s structural framework to enable continuous…
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