Officials from plant asset supplier Polydeck have confirmed that it remains fully operational from its headquarters in Spartanburg, S.C., despite the impacts of the recent Hurricane Helene that struck America’s east coast. In a letter to its stakeholders and customers, the company said the storm have a heavy impact on the region’s transportation networks, supply chains, and many of its…
Read MoreThe Commerce and Trade Minister of India, Piyush Goyal, and U.S. Commerce Secretary Gina Raimondo signed their names to an agreement last week promising to cooperate on strengthening supply chains in the two countries for lithium, cobalt and other critical minerals. The Commerce Department said in a statement October 3 that the now-inked memorandum of understanding aims to build resilience…
Read MoreRio Tinto said it has approached Arcadium Lithium about a potential acquisition. The approach is non-binding. Reuters noted that the deal would strengthen Rio’s rise to become one of the largest producers of lithium behind Albemarle and SQM. The news agency exclusively reported that Arcadium could be valued at $4-$6 billion or higher. Arcadium has extensive lithium reserves across four…
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U.S.-based Coeur Mining has entered into a definitive agreement to acquire North American peer SilverCrest Metals, adding the Las Chispas underground mine in Sonora, Mexico, to its portfolio. Under the terms of the agreement, a wholly-owned subsidiary of Coeur will acquire all of the issued and outstanding shares of SilverCrest pursuant to a court-approved plan of arrangement. The transaction is…
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Caterpillar Inc. and Trimble announced the extension of their long-standing joint venture. The agreement includes expanded distribution of grade control solutions in the construction sector to accelerate innovation and customer adoption. Since 2002, the Caterpillar Trimble Control Technologies (CTCT) joint venture has led the industry in grade control solutions, delivering products that contribute to jobsite safety and productivity. The renewed agreement will…
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To expand its artificial intelligence (AI) capabilities and help customers optimize their mining operations, Komatsu announced its intent to acquire Octodots Analytics, a Chile-based digital solutions provider. The announcement comes as the company debuts its new Modular ecosystem, a bold vision for the future of mine site optimization and data sharing, at MINExpo 2024 in Las Vegas. Building upon Komatsu’s industry-leading DISPATCH…
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Martin Engineering is marking 80 years of product innovation, engineering expertise and global growth. During a month of celebrations in September 2024, the firm invited customers, local communities and employees’ families to its flagship Center for Innovation in Neponset, Ill., and see for themselves the extent of Martin’s investment in engineering research and technological advancement over eight decades. Martin Engineering…
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Becker Mining Systems and vision AI technology trailblazer alwaysAI have partnered to transform the mining industry’s value chain, significantly enhancing productivity, safety and operational efficiency.
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Century-plus-year-old Kohler Energy has officially rebranded under a new corporate name, Rehlko. Under the rebranding, announced September 17, Rehlko will continue operating as an independent enterprise. The company became a stand-alone entity in May 2024 when Platinum Equity completed a transaction with Kohler Company to establish then-Kohler Energy as a standalone business. Platinum Equity is the majority owner of Rehlko…
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Integrated Power Services (IPS), which specializes in the servicing, engineering and remanufacturing of electrical, mechanical, and power management assets, has finalized the acquisition of ABB’s Industrial Services business for an undisclosed amount, effective August 31. The business includes a U.S. and Canadian service shop network with locations in Tucson, Ariz.; Evansville, Ind.; Charlotte, N.C.; Edmonton, Alberta, Canada; and Burlington, Ontario,…
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