A consortium led by Glencore has agreed to acquire Teck Resources’ steelmaking coal unit for $9 billion, marking one of the largest deals in the mining sector, according to Reuters. Glencore will own 77% of the business in a $6.9 billion cash deal, while 20% will go to Japan’s Nippon Steel Corp., which already holds a 2.5% stake. South Korea’s…
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Sandvik Mining and Rock Solutions has signed a letter of intent to secure fossil-free steel from SSAB for use in in the production of its loaders and trucks. SSAB said it aims to deliver fossil-free steel to the market on a commercial scale in 2026, and the agreement ensures Sandvik secures its required volumes within SSAB’s production capacity. As a…
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Newmont has completed the acquisition of Newcrest Mining to create the world’s leading gold company with robust copper production. The transaction strengthens Newmont’s position as a mining leader through the combination of high-quality operations, projects and reserves concentrated in low-risk jurisdictions, including 10 Tier 1 operations to support decades of safe, profitable and responsible gold and copper production. “Today marks…
Read MoreAustralian space company Fleet Space Technologies has unveiled three new innovative features to its mineral exploration technology ExoSphere by Fleet – which is said are each purpose-built to enhance the agility and accuracy of data-driven exploration efforts worldwide. For all in-progress or future surveys, the company said, its exploration customers will be able to download several new data intelligence assets…
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Assay services provider MSALABS has forged a partnership with Barrick Gold and Chrysos to deliver the latter’s PhotonAssay technology to Barrick mine sites across four continents. The partnership will commence with the deployment of three PhotonAssay units to the Nevada Gold Mines complex in the United States.
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Sandvik has signed an agreement to acquire German-based gear manufacturing software developer esco in a deal with undisclosed terms. The supplier is known for its creation of power skiving software; its solutions support design, production and quality inspection for gear manufacturing. The company will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions. “Power skiving is…
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The Responsible Minerals Initiative (RMI) and The Copper Mark have launched version 3.0 of the RMI’s Risk Readiness Assessment (RRA) and the RMI’s and Copper Mark’s joint Criteria Guide. The RRA is a set of mineral-agnostic criteria for responsible production, sourcing, processing and recycling of minerals and metals. Version 3.0 consists of 33 criteria covering environmental, social, and governance (ESG)…
Read MoreA new survey from ABB has revealed the close tie between uptime and reliability, confirming its findings that unplanned downtime can cost some industrial sites $103,000 per hour in the U.S. and $125,000 globally. According to the new “Value of Reliability” survey, 69% of industrial businesses experience unplanned outages at least once a month, a number found both in the…
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Underground mining services company Barminco has enlisted RCT to carry out what is believed to be the world’s first agnostic remote installation on Caterpillar’s Hybrid underground loader. Barminco will be using the Cat R2900XE loader, which has a diesel engine and electric driveline, at the IGO-owned Spotted Quoll underground nickel mine in Western Australia. “Technology and innovation are two of…
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Advanced battery material group X-BATT has partnered with CONSOL Energy subsidiary CONSOL Innovations to push the development of its coal-based anode technology that the two claim will revolutionize battery technology using coal. The work will be performed by C-BATT Innovations LLC, a newly formed joint venture between the companies. The goal is advance work on domestic battery materials derived from…
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