The United States and Ukraine have reached a deal to create a reconstruction and investment fund that will give the U.S. access to Ukraine’s reserves of critical minerals and natural resources.
Read MoreUkraine-U.S. ink minerals deal
Category: Global News
TerraSource Holdings sold to Astec Industries
Right Lane Industries, a privately-held industrial-holding company focused on “corporate carve-outs and other complex transactions,” said that it has signed an agreement to sell TerraSource Holdings LLC to Astec Industries for a purchase price of $245 million. Right Lane acquired a 51% interest in TerraSource from Hillenbrand Inc. in October 2021, and worked to enhance the scale, profitability and competitiveness…
Read MoreABD Solutions, Mining3 partner to expand autonomy collab
Mining3 has extended its partnership with autonomous vehicle solutions firm ABD Solutions, in what both companies are calling a “significant step” for mining’s path to automation and efficiency. ABD Solutions, which provides end-to-end retrofit technologies that enable the automation of conventional vehicle and equipment fleets, said the pairing will be powered by Mining3’s extensive global mining network. That route, it…
Read MoreWeir completes acquisition of Micromine
Weir has completed the acquisition of Mining Software Holdings, or Micromine, effective April 30. The transaction was first announced on February 28. The business will be led by Kristen Walsh, previously Regional Managing Director of Minerals APAC, who is appointed Division President, Digital Solutions and joins the Group Executive reporting to Jon Stanton. Andrew Birch, the current CEO of Micromine,…
Read MoreMacmahon secures Deflector, Genesis deals
Contract engineer Macmahon Holdings has been awarded a handful of new contracts in Australia, including an underground mining services contract at the Deflector underground gold copper mine in the southern Murchison region of WA. The scope for Macmahon includes all underground and mine development and production services and all other associated works. The contract will commence on 1 May for…
Read MoreWeir joins International Copper Association
The International Copper Association (ICA) has welcomed its newest member, The Weir Group. The global supplier said the new strategic partnership reinforces ICA’s commitment to connecting the entire copper value chain; for the company, it will help it continue to accelerate its path of innovation to smart, efficient and sustainable mining. It also noted that, by joining the ICA, Weir…
Read MoreNewmont completes non-core divestiture program
Global miner Newmont has finalized the previously disclosed sales of its Akyem operation in Ghana and its Porcupine operation in Canada, marking the completion of the miner’s divestiture program announced last February. “Today, I am pleased to announce the successful completion of our non-core asset divestiture program with the sale of Akyem and Porcupine, generating total after-tax cash proceeds of…
Read MoreCaterpillar celebrates first 100 years with commitment to future workforce
Caterpillar has announced an investment to support a key source of its success and longevity for the next 100 years: people. As part of the celebration, the company pledged $100 million over the next five years to help equip the workforce of the future with the skills needed, leveraging technology to meet global market demands as the world undergoes a…
Read MoreUnited Coal ships coking coal to Ukraine
United Coal Company, which operates in the Appalachian region of the United States, has sent its first 80,000-ton shipment of coking coal to Ukraine steel producer Metinvest. The shipment aims to support sustainable steelmaking following the suspension of operations at Pokrovske Coal due to the ongoing Russia-Ukraine war. Pokrovske Coal was Ukraine’s only producer of coking coal. It supplied a…
Read MorePeabody Energy keeps options open on Anglo deal
Photo: Anglo American American coal producer Peabody Energy is reviewing all options related to its acquisition of Anglo American’s coal assets in Australia following an ignition event at one of the mines included in the deal. “The company remains in conversation with Anglo American to better understand the impacts of the event,” said Peabody in a statement. “Peabody is preserving…
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