After more than 38 years, the World Coal Association (WCA) will cease use of its moniker, rebranding itself as FutureCoal – The Global Alliance for Sustainable Coal. The unveiling of the new name and logo was held in Delhi by group chief executive Michelle Manook, who said the new era is in response to a call from coal and coal…
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Volvo Construction Equipment, CRH partner for decarbonization
With an ambition to explore decarbonization opportunities across transport, operations and materials, a Memorandum of Understanding (MoU) was signed by Volvo Group and CRH on Nov.13. As part of this strategic agreement, Volvo CE will take on responsibility for next generation technology deployment, the scaling up of cutting edge technology and operational efficiency for the off-road segment in a bid…
Read MoreGlencore-led group nabs Teck coal unit
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…
Read MoreSandvik to utilize SSAB fossil-free steel
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…
Read MoreNewmont completes Newcrest takeover
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 MoreFleet Space releases new ExoSphere product features
Australian 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…
Read MorePhotonAssay to be deployed at Barrick operations
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.
Read MoreSandvik acquires esco
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…
Read MoreRMI, The Copper Mark release updated criteria for responsible production
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 MoreUnplanned downtime costs $103k, $125k per hour: ABB
A 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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