Hexagon recently announced the acquisition of indurad, a global leader in radar and real-time location systems (RTLS) technologies, along with its autonomous haulage subsidiary, xtonomy. This strategic move, the financial details of which were not disclosed, is proof of Hexagon’s commitment to advancing mine productivity, safety, and autonomy through cutting-edge technology, it said. It also gives it the benefits of enhanced…
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Anglo American has agreed to sell its portfolio of steelmaking coal mines that it operates in Australia to Peabody Energy for a cash consideration of up to US$3.775 billion. The acquisition includes four metallurgical coal mines – Moranbah North, Grosvenor, Aquila, and Capcoal – located in the Bowen Basin. It is expected to transform Peabody’s metallurgical coal segment, increasing production…
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Piedmont Lithium and Sayona Mining have signed a definitive agreement to combine the two companies and create a leading North American lithium business. Sayona will be the ultimate parent entity. “This merger combines two complementary businesses and will create a larger and stronger company. MergeCo will be North America’s largest lithium producer and will have an attractive growth profile with…
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Photo: Resolute Mining Resolute Mining CEO Terry Holohan and two other colleagues are being held in Bamako, Mali, as the military-led government presses the Australian-based company to pay back taxes on its Syama gold mine, reported Business Insider Africa. The government insists that Resolute allegedly owes 100 billion CFA francs ($162 million) in taxes identified in a sector-wide audit, according…
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Chile’s state-run Codelco has signed an agreement with local units of Japan’s Toyota and Mitsui to explore mobilization options to reduce emissions at its operations, reported Reuters. The news agency said the world’s largest copper producer has been seeking to improve its productivity and reduce emissions amid increased customer demand. “The project contemplates the intention of sharing knowledge, conducting studies…
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Hitachi Construction Machinery subsidiary H-E Parts International reached an asset purchase agreement with Brake Supply on November 1 for its mining machinery component remanufacturing business. Through the acquisition, which is expected to be completed in early December, H-E Parts will utilize Brake Supply’s North American remanufacturing bases, parts warehouses, and human resources, thereby strengthening the structure of the remanufacturing business…
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ABB has signed an agreement to purchase Aurora Motors. This acquisition provides a well-regarded product portfolio, a long-standing customer base in 30 countries and an experienced customer-centered sales structure, as well as solid partnerships with strategic suppliers.
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BHP said that comments made by its chairman during its annual general meeting did not mean the company has ruled out a renewed offer for Anglo American, reported Reuters. Chairman Ken MacKenzie said that the company had “moved on” to focus on growth opportunities. However, company officials said that “these comments were not intended to be a statement to which…
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JCB has marked a major manufacturing milestone with the production of its one millionth engine. Production started in 2004 at JCB Power Systems in Foston, Derbyshire, England, and expanded to JCB India in 2010 with the opening of a dedicated plant in Ballabgarh, Delhi. From three engines a day 20 years ago, JCB now produces around 500 a day, becoming a…
Read MoreBKT introduced its sustainability report for the financial year 2023-24. “Promoting Sustainable Growth with Off-Highway Excellence” is the company’s third sustainability report and its second Business Responsibility & Sustainability Report (BRSR), a milestone that reflects BKT’s concrete and measurable commitment to a more sustainable future. The report, aligned with the international standards of the Global Reporting Initiative (GRI), has been…
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