Sandvik issues layoff under restructuring

Equipment maker Sandvik said it will be cutting 1,100 as part of a cost-saving restructuring effort. The company, which said it will also be consolidating production units and optimizing its organizational structure, said orders from majors were at a good level but it had seen a decrease in business from smaller operators as well as from the infrastructure market. The…

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Alliance’s Matrix Design Group, Infinitim power up motor pact

Air-core motor creator Infinitim and U.S. miner Alliance Resource Partners’ (ARLP) Matrix Design Group have inked a deal to jointly develop and distribute high-efficiency and reliable motor and advanced motor controllers specifically for mining. Under the agreement, Matrix will integrate Infinitum’s smaller, lighter motor technology into mining equipment of ARLP’s operating subsidiaries to provide performance validation in production environments for…

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Vernetzen completes Strata’s data solutions suite

Strata Worldwide has signed equity partnership and global distribution agreements with Australia-based industrial network and cybersecurity innovator Vernetzen. The partnership will expand Strata’s range of offerings that are specifically designed for underground mining and tunneling. “Vernetzen provides Strata and our customers a high-end network and Wi-Fi solution that is fit for purpose and designed specifically for our target underground markets,”…

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Paus, Elquip ink dealership pact

Underground mining supplier Paus has signed a memorandum of understanding (MOU) with Australian equipment maker Elquip that will benefit both mining and tunneling. Paus confirmed that, under the new agreement, the two will mutually evaluate and prepare a dealership for the Australian market. It will encompass specializes mobile equipment as well as service and parts. No timeline was provided for…

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Six included in second BHP Xplor cohort

BHP, after evaluating a pool of more than 500 applicants, has selected six companies for the second cohort of its Xplor accelerator program for critical resources exploration. Each company selected will receive a grant of up to US$500,000 and will gain access to a network of internal and external experts to fast-track growth as well as exploration concepts. The goal…

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Barrick extends partnership, strengthens ties with Sandvik

A long-term global fleet agreement between Barrick Gold and Sandvik Mining and Rock Solutions has been extended in a deal the pair say will improve safety, productivity and sustainability. The fleet alliance will be guided by operational and relationship KPIs, Sandvik noted, and includes Barrick’s rollout of Sandvik’s Remote Monitoring Service (RMS) to its entire global underground fleet of more…

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Perenti scores millions in Oz, Africa deal extensions

Contractor Perenti has secured extensions for a trio of contracts in Australia, Ghana and Burkina Faso worth a total of A$420 million. The contract extensions include a 12-month, $125 million contract extension to continue underground development and production works at the Gold Fields Agnew underground gold mine as well as a 12-month, $180 million contract extension at the AngloGold Ashanti’s…

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BHP, Anglo, others team up on cybersecurity mission

BHP, together with Anglo American, Antofagasta Minerals, Codelco and Collahuasi, have launched the Mining Security Corporation, to promote a culture of cybersecurity in mining operations. According to the group, cyberattacks will cost companies about US$10.5 billion by next year, and more than more than 4 billion cyberattacks took place in Chile during the first half of 2023, positioning it as…

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Barrick testing the waters for a First Quantum takeover

Barrick Gold CEO Mark Bristow has spoken with some of First Quantum Minerals’ major investors to gauge their support for a potential takeover as the gold giant seeks to become a major copper producer, reported Bloomberg. Canadian-based First Quantum has been left vulnerable after Panama ordered the closure of its new Cobre Panama mine last month, wiping out more than…

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