Terex announced the launch of MAGNA, a new brand to address the demands of large-scale operations in the quarrying, mining, construction and recycling industries. With decades of experience and a reputation for excellence across its Powerscreen, Finlay and EvoQuip brands, Terex has been at the forefront of providing innovative, high-quality equipment solutions. Under the strapline ‘Made for More’, MAGNA will…
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The Metals Company (TMC) has successfully produced the world’s first cobalt sulfate derived exclusively from seafloor polymetallic nodules. The cobalt sulfate was generated during bench-scale testing of TMC’s hydrometallurgical flowsheet design with SGS Canada at the latter’s Metallurgical Centre of Excellence testing facility in Lakefield, Ontario. “This achievement further demonstrates the potential for seafloor polymetallic nodules as a valuable resource,”…
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K.A. Group’s K-Tec has entered into a deal with SSAB that will make it the first original equipment manufacturer of heavy-duty earthmoving equipment using the latter’s fossil-free steel. Canadian-based K-Tec, which produces scrapers, said the move will advance its efforts toward eliminating carbon emissions. “As a fossil-free partner to SSAB, K-Tec will have access to pilot deliveries of SSAB Fossil-free…
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Precision Pulley & Idler (PPI) has agreed to acquire Continental Global Material Handling, a portfolio company of Stellex Capital Management. United States-based Continental has been “a leader in bulk material handling for decades,” PPI said.
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Utah is the most attractive jurisdiction in the world for mining investment followed by Nevada and Saskatchewan, according to Fraser Institute’s 2023 annual mining survey. The ranking is based on the jurisdictions’ overall investment, mining policy, and geological attractiveness.
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TerraSource Global, a provider of comprehensive solutions for natural resource recycling, material handling, product classification and liquid/solid separation under its brands Gundlach Crushers, Jeffrey Rader, Pennsylvania Crusher and Elgin Separation Solutions; and a subsidiary of Right Lane Industries – announced the acquisition of Peninsula Iron Works (PIW) as of May 31. PIW is a premier refurbisher, rebuilder and parts manufacturer…
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U.S.-based JENNMAR has acquired a majority stake in Australian Steel and Wire, a takeover its officials said will grow its wire mesh expertise and expand its offerings in North America, Europe and the Asia-Pacific region. JENNMAR, a portfolio company of FalconPoint Partners, will integrate ASW into its JENNMAR Australia group of companies. Terms of the transaction were not disclosed. ASW’s…
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Epiroc has agreed to acquire Canadian-based Yieldpoint, which provides advanced ground support solutions that strengthen safety for mining and civil engineering applications, for an undisclosed amount. “Proper ground support is crucial to safe mining and infrastructure operations. Yieldpoint’s smart and robust monitoring solutions complement our ground support offering well, and expand our portfolio of digital solutions,” said Helena Hedblom, Epiroc…
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Anglo American has rejected a third unsolicited takeover proposal from rival miner BHP but has agreed to extend the PUSU deadline to May 29. The latest bid included the same highly complex structure as the previously rejected proposals, which involved an all-share offer with a requirement for Anglo American to complete two separate demergers of its entire shareholdings in Anglo…
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Anglo American has laid out plans to refocus on copper and iron ore while spinning out or selling its less profitable coal, nickel, diamond and platinum businesses, reported Reuters. The announcement comes after the miner rejected a second takeover bid from rival BHP.
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