Jennmar and KPS Capital Partners have entered into a definitive agreement for the latter to provide a majority equity investment in Jennmar. FalconPoint Partners and Jennmar’s CEO Tony Calandra will each retain a significant minority ownership position in the company. “This transaction is a significant milestone for Jennmar and a reflection of the dedication of our employees, the trust our…
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MineHub Technologies has entered into a memorandum of understanding with Spider Labs GmbH (Minespider), a Berlin-based pioneer in traceability software. Together, they will partner on opportunities to drive digitization within physical commodities markets. Initially, collaboration will include cross-selling of products and possible platform integration. By working together strategically, Minespider and MineHub can harness the strength of their combined network of…
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After first announcing its plans last December, global equipment producer Sandvik has broken ground on its new mechanical cutting and parts and services facility in Saskatoon, Saskatchewan, Canada. The campus, for which the Swedish-based OEM earmarked $51 million in 2025, will be 51,000 quare feet and bring manufacturing work previously performed in Europe over to the SK site. Sandvik president…
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Rokbak has partnered with Trevotech to deliver robust articulated haulers in Angola, backed, it said, by strong local sales and aftermarket support.
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Sandvik has signed an agreement to acquire South African-headquartered simulator and training company ThoroughTec Simulation in a deal with undisclosed terms.
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BHP recently shared that artificial intelligence is increasingly influencing its operations, as the global miner seeks practical ways to enhance safety, reliability and performance while addressing the growing demand for critical minerals. From supporting teams to identifying new mineral deposits to running large processing plants and transport networks, AI is moving beyond experimentation and becoming part of day-to-day operations across…
Read MoreEclipse Mining Technologies unveiled a company name change on February 10 to reflect its broader industry reach, and will now be known as Eclipse Data Innovations. As the developer of SourceOne EKPS, it also announced a significant new release of SourceOne designed to accelerate the safe, practical adoption of AI across large-scale industries. “The name change reflects the company’s growing…
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Rio Tinto has walked away from merger talks with Glencore, as the two miners couldn’t strike a deal that delivered sufficient value to shareholders, reported Reuters.
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Canadian miner Eldorado Gold confirmed on February 2 that it has reached an agreement to acquire Foran Mining, in a deal that the two said will create strong copper growth in the near-term as well as significant cash flow generation, long‑life assets, and a diversified portfolio.
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ABB has launched its Automation Extended initiative, an automation ecosystem to help mines modernize without disruption and adopt new technologies at their own pace. The modern, open and modular automation ecosystem enables advanced analytics, AI and IoT integration, the company said, that allows changes without operational risk, and it builds on ABB’s long-standing leadership with the world’s largest DCS installed…
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