A new partnership between Veolia and deepwater ocean infrastructure company SBM Offshore will bring together the pair’s water technologies and desalination expertise for the advancement of freshwater floating production units. The near-shore desalination units will produce up to 100,000 m³ of freshwater daily, serving mining as well as the petrochemical and municipal sectors of water-stressed regions. The freshwater floating production…
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Flanders, EKU Power Drives form partnership
Flanders Electric Motor Service and EKU Power Drives have entered an exclusive strategic partnership that will add EKU’s idle management solutions to the mining industry. The partnership will help to push both companies’ efforts toward decarbonization, Flanders officials said, and also reduce costs and boost operational efficiency. Specifically, they will meet the goal by offering idle management and electrification solutions…
Read MoreAllison Transmission gets Dana’s off-highway drive, motion systems arm
In a move that it said will boost its global footprint and give it operations in 29 countries, Allison Transmission Holdings said it has wrapped up its acquisition of the off-highway drive and motion systems business division in a US$2.7 billion deal. Allison’s takeover of the drivetrain and propulsion solutions provider, it said, will accelerate its growth and add breadth…
Read MoreRio Tinto, Glencore restart merger talks
Rio Tinto and Glencore are in preliminary talks about a possible merger, which would create the world’s largest mining company with a combined market value of over US$200 billion. This follows discussions in 2024 that were abandoned after a disagreement over valuations. The companies said they are currently discussing a potential combination of some or all of their businesses, including…
Read MoreCaterpillar unveils AI-powered future
Caterpillar Inc. unveiled a set of AI-powered and autonomous innovations that mark a major step forward for heavy industry, transforming machines into intelligent, connected systems that help customers build and power the world’s critical infrastructure. Caterpillar CEO Joe Creed took the CES keynote stage with Chief Digital Officer Ogi Redzic and Chief Technology Officer Jaime Mineart for a future-facing keynote…
Read MoreHillgrove kicks off underground development
Larvotto Resources said that its retained partner, PYBAR Mining Services, has kicked off underground development at the Hillgrove antimony-gold project in New South Wales. Following the execution of a binding underground development contract, the developer said PYBAR has mobilised equipment and personnel to the site and commenced works. The program forms part of an approximately 20-kilometer underground development scope planned…
Read MoreFortescue, TISCO moving on green ironmaking tech trial
Fortescue and Taiyuan Iron and Steel Group (TISCO), a subsidiary of China Baowu, have signed a technology development agreement to explore new low-carbon metallurgical processes to help the steel industry accelerate its decarbonisation. Under the agreement, the companies will collaborate on an industrial trial of hydrogen-based plasma-enhanced iron and steel metallurgy. This emerging technology has the potential to create a…
Read MoreVERIDAPT, FUELHUB announce international alliance
Australian and American companies VERIDAPT and FUELHUB have formed a new global alliance to deliver digitally advanced fuel management and reconciliation solutions to the North American mining sector, as well as for rail, agriculture, and commercial transportation.
Read MoreJiangxi Copper takes over SolGold in billion-dollar deal
Gold and copper miner SolGold has agreed to be acquired by its largest shareholder, Jiangxi Copper, in a deal that values the Ecuador-focused miner at 867 million pounds ($1.17 billion). This was Jiangxi’s third proposal to acquire SolGold.
Read MoreBEUMER marks 90-year anniversary
Family-owned BEUMER Group said it is celebrating its 90th anniversary, all while also reporting that 2024 was the most successful financial year in its history thanks to its innovations and partnerships. The company said its order intake for all of least year was 1.39 billion euros, which it attributed to a long-term independent strategy that it has scaled globally. “Rather…
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