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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Field trials are the next step for a teaming between Caterpillar and Rajant after the latter’s wireless system, Rajant Kinetic Mesh BreadCrumbs LX5 CA radios, was validated with Caterpillar’s MineStar Command for hauling systems. Rajant said that, as the leading provider of Kinetic Mesh networking systems, it aims to use its fully autonomous nodes to achieve high performance even under…
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U.S.-based Newmont said its shareholders overwhelmingly voted in favor of the proposed acquisition of Australian rival Newcrest Mining. The deal will create a world-class portfolio of gold and copper assets.
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Bosch Rexroth announced Erwin Wieckowski, P.Eng. as the new president and CEO of Bosch Rexroth North and Central America based in Charlotte, N.C., effective Oct. 1. The role has been performed on an interim basis by Reinhard Schaefer in addition to his role as a member of the divisional board of management with responsibility for manufacturing. Schaefer will remain in…
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Czech-based investment group Sev.en Global Investments said it will acquire a 51% stake in Coronado Global Resources from the Energy & Minerals Group as it continues to expand its portfolio, reported Reuters.
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Epiroc has signed a memorandum of understanding (MoU) with Newcrest on a collaboration that aims to take a holistic approach toward the entire mining process at several of the miner’s operations by utilizing Epiroc’s automation, digitalization and electrification solutions.
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