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Category: Global News

Integrated Power Services to acquire assets of ABB Industrial Services Business

Miners News

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

Miners News

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

Miners News

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

Miners News

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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Blastcrete rolls out new distribution partnership

Miners News

Alabama-based shotcrete, gunite and concrete pump maker Blastcrete Equipment has created a distribution and service partnership with Italian concrete equipment manufacturer Mecbo Srl, creating Mecbo America. Mecbo America, a division of Blastcrete, will provide customers in North, Central and South America access to its products, enhance the Blastcrete offering with new models designed around Mecbo pump technology and ensure a…

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Multotec makes global mark with SACEEC Exporter of the Year award

Miners News

Multotec recently announced it has won the South African Capital Equipment Export Council’s (SACEEC) Exporter of the Year Award in the category for companies with a turnover of R2-R5 billion (US$105-262 million) per year. Processing MD Bheka Majola said the award is not only an indication of the company’s growth over the years, but also the culmination of a 15-year…

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ABB, EcoHoist collaborate on underground hoisting

Miners News

ABB and EcoHoist have executed a memorandum of understanding to collaborate on the development of a vertical material transport solution for underground mines.  The partnership will see experts from both companies contributing to solutions for the future of underground ore haulage systems and provides opportunities for further commercial arrangements. It aims to expedite EcoHoist’s delivery of a subscale demonstration of…

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Electra Battery, Eurasian Resources ink supply agreement

Miners News

Starting in 2026, Luxembourg-based Eurasian Resources Group will deliver 3,000 tonnes annually of IRA-compliant cobalt from its Metalkol operation in the Democratic Republic of Congo to Electra Battery Materials’ refinery north of Toronto, Canada.  The three-year supply agreement, effective April 1, supports Canadian efforts to onshore the battery supply chain and reduce reliance on foreign refiners. “Partnering with a recognized…

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ISA resumes deep-sea mining discussion

Miners News

The U.N. International Seabed Authority’s council commenced the first part of its 29th session on 18 March, setting the stage for two weeks of discussions aimed at progressing draft deep-sea mining regulations. In his welcoming address, ISA Secretary-General Michael W. Lodge expressed his gratitude and optimism for the proceedings. “It is heartening to see many delegations present and poised to…

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FLSmidth acquires Farnell-Thompson

Miners News

FLSmidth has acquired 100% of the shares in the Canadian mill engineering, supply and services provider Farnell-Thompson Applied Technologies. The company said 4 March that the newly added company’s offerings will be integrated into FLSmidth’s core mining business. The acquisition is effective immediately. “The company already has a long-standing business relationship with FLSmidth,” the global supplier said. “The majority of…

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