U.S. coal traders have exported the highest volume of thermal coal in six years over the first 11 months of 2024, reported Reuters. Exports of coal used in power generation reached 32.6 million short tons during the January-November period. This is the highest volume for that period since 2018, and will have generated roughly $4 billion in revenues for the…
Read MoreJennmar has confirmed it has acquired a line of mine sealant products from the pyro-chem division of Wright-Mix Material Solutions (Wright-Mix). Jennchem, a Jennmar subsidiary, will add Pyro-Chem’s Pro Seal LX, Pro Seal TNT, Pyro-Chem TC, and Sealit Spray Mine Sealant to its product portfolio. The acquisition enables additional growth and customer service capabilities for Jennchem through expanding manufacturing capabilities…
Read MoreVale and BYD have signed a letter of intent to explore the electrification of Vale’s light vehicle fleet. The study will evaluate the necessary infrastructure for recharging vehicles in Vale’s areas and test electric models like the BYD Dolphin and Shark pickup in operational areas. The initiative aims to reduce the use of fossil fuel-powered cars and contribute to the…
Read MoreWomen in Mining UK’s biennial list and publication of WIM100 “100 Global Inspirational Women in Mining” has been released for 2024. The 100 winners were selected from 570 individual nominations, and were the culmination of six months of evaluations and shortlisting. They are from 41 different countries in 2024, up from 40 in 2022 and 32 in 2020. When the…
Read MoreSandvik has completed its previously announced acquisition of Universal Field Robots (UFR). The newly added company, an Australia-based provider of autonomous interoperable solutions for the surface mining and underground mining markets, will be reported in Digital Mining Technologies, a division within the Sandvik Mining and Rock Solutions business area. UFR has approximately 40 employees and is headquartered in Brisbane. The…
Read MoreThe Chinese Commerce Ministry announced a ban on exports of gallium, germanium, antimony and other key high-tech materials to the United States, effective immediately, in response to recent chip sanctions, reported The Associated Press. In its latest move, the U.S. Commerce Department added 140 companies to a so-called “entity list” subject to strict export controls on computer chip-making equipment, software…
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Motion Industries Inc. has signed a definitive purchase agreement to acquire the operating assets of U.S.-based International Conveyor and Rubber (ICR). The transaction is expected to close at the end of December 2024, subject to customary closing conditions. ICR services commercial and industrial customers in the eastern United States. Headquartered in Blairsville, Pa., the company has seven locations, offering sales,…
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Hexagon recently announced the acquisition of indurad, a global leader in radar and real-time location systems (RTLS) technologies, along with its autonomous haulage subsidiary, xtonomy. This strategic move, the financial details of which were not disclosed, is proof of Hexagon’s commitment to advancing mine productivity, safety, and autonomy through cutting-edge technology, it said. It also gives it the benefits of enhanced…
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Anglo American has agreed to sell its portfolio of steelmaking coal mines that it operates in Australia to Peabody Energy for a cash consideration of up to US$3.775 billion. The acquisition includes four metallurgical coal mines – Moranbah North, Grosvenor, Aquila, and Capcoal – located in the Bowen Basin. It is expected to transform Peabody’s metallurgical coal segment, increasing production…
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Piedmont Lithium and Sayona Mining have signed a definitive agreement to combine the two companies and create a leading North American lithium business. Sayona will be the ultimate parent entity. “This merger combines two complementary businesses and will create a larger and stronger company. MergeCo will be North America’s largest lithium producer and will have an attractive growth profile with…
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