Anglo American rebuffs latest BHP bid

Anglo American has rejected a raised buyout proposal of £34 billion ($42.67 billion) from rival miner BHP as it “continues to significantly undervalue” the company, reported Reuters. This follows an initial rebuffed all-share bid of £31.1 billion ($39 billion). “The latest proposal from BHP again fails to recognise the value inherent in Anglo American,” said Stuart Chambers, Anglo American chairman.…

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Metso to restructure Minerals equipment division

Metso said it plans to implement structural adjustments in certain parts of its Minerals equipment business to strengthen competitiveness and improve efficiency. The restructuring will lead to the loss of 240 positions globally. “The planned measures will address the changes in the market environment that are driven by, for example, an increasing emphasis on strategic minerals that support the energy…

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Schedule released for ICGCM 2024

The Society for Mining, Metallurgy and Exploration (SME) has released its schedule for the upcoming International Conference on Ground Control in Mining, set for July 20-22 in Pittsburgh, Pa. The Hilton Garden Inn-Southpointe in Canonsburg will once again serve as host to the event, now in its 43rd year. “We’ve developed a conference schedule that is designed to keep [everyone]…

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G7 needs to adopt balanced coal approach: FutureCoal

The following is a statement from FutureCoal, formerly known as World Coal Association, and has been edited only for style and clarity. Following the announcement to “phase out existing unabated coal” by 2035 at the G7 Ministers’ Meeting on Climate, Energy, and Environment, FutureCoal insists that world leaders must embrace a balanced, pragmatic, and responsible approach to energy policy. Chief…

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Vale, Caterpillar collaborate on battery electric trucks, ethanol studies

Vale and Caterpillar have signed an agreement to test large battery electric trucks and energy transfer systems, as well as conduct studies on ethanol-powered trucks – initiatives aimed at the decarbonization of Vale’s mine operations.  The studies, which will be conducted at Vale’s mines in Brazil, will help the miner achieve its goals to reduce scope 1 and 2 (direct…

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BinMaster suspends production after tornado

Nebraska-headquartered supplier BinMaster has confirmed that its production and shipping are temporarily suspended after a tornado that crossed parts of the state damaged its campus. All employees are safe after the April 26 event, the company confirmed. It is now examining contingency plans to implement that will offer full service to its customers. While the company did not indicate when…

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Integrated Power Services to acquire assets of ABB Industrial Services Business

IPS, which specializes in the servicing, engineering and remanufacturing of electrical, mechanical, and power management assets, has agreed to acquire assets of ABB’s Industrial Services business.   The business includes a U.S. and Canadian service shop network with locations in Tucson, Ariz.; Evansville, Ind.; Charlotte, N.C.; Edmonton, Alberta, Canada; and Burlington, Ontario, Canada, employing 114 talented employees. The transaction is expected…

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Anglo American rejects BHP takeover bid

Anglo American has rejected BHP’s £31.1 billion ($39 billion) takeover offer, reported Reuters, for significantly undervaluing its rival. The mining giant has until May 22 to make a binding bid. “The BHP proposal is opportunistic and fails to value Anglo American’s prospects,” Anglo Chairman Stuart Chambers said in a statement, adding that it diluted the value upside for Anglo’s shareholders…

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ABB, Boliden, Epiroc make first underground B-E truck trolley system

ABB is collaborating with equipment maker Epiroc and miner Boliden for a milestone project it says will help advance the mine of the future: the first fully battery-electric truck trolley system. This is a leap ahead for mining electrification, the group said, contributing to significant reductions in carbon emissions and boosts for worker health and safety. The underground hauling fleet…

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McEwen Mining acquires remaining Timberline stock

Canadian miner McEwen Mining has entered into a definitive agreement and plan of merger to acquire all outstanding shares of Nevada-based Timberline Resources that it doesn’t already own.  McEwen currently owns 6.25 million Timberline shares, or around 3.3% of the company, along with 6.25 million warrants. Excluding McEwen’s existing ownership, the miner expects to issue approximately 1.84 million shares on…

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