Global technology provider ABB and Swedish mining and minerals group LKAB have signed a memorandum of understanding (MoU) to form a strategic technology partnership to accelerate automation, electrification and digitalization in mining. The partnership will focus on some of the biggest shifts in the mining industry’s journey to the all-electric, automated and digitalized mine, enhancing safety, sustainability and productivity. ABB…
Read MoreMining technology experts Weir marked the 60th anniversary of the WARMAN AH horizontal slurry pump. Since its debut in 1965, the pump has “set the global standard for operational performance, equipment reliability and innovation in slurry handling,” according to the company. Trusted across mine sites worldwide, the WARMAN AH horizontal slurry pump has powered critical operations for six decades and remains a…
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Subsurface intelligence group Ideon Technologies has formed a partnership with Rio Tinto to solve what the pair calls mining’s hardest problem: geological uncertainty.
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USA Rare Earth has entered into a definitive agreement to acquire UK-based LCM (Less Common Metals), a rare earth metal and alloy producer, for $100 million in cash and 6.74 million shares of USAR common stock. The acquisition represents a significant acceleration of USAR’s mine-to-magnet strategy, establishing an end-to-end rare earth supply chain. “The acquisition of LCM is a bold…
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Weir, a mining technology company, has entered into a strategic collaboration agreement with Viking Analytics, a Swedish-based company specializing in AI-powered vibration analysis and condition monitoring for smarter predictive maintenance.
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Rio Tinto has launched its final Beyond Rare Tender, the third in its annual Art Series, featuring 52 lots of rare diamonds. The final collection pays homage to the life of the Argyle diamond mine in Australia, which ceased operations in 2020, and the Diavik diamond mine in Canada that will cease production next year. The collection, weighing 45.44 carats,…
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Global miner Newmont has completed the sale of its common shares of Orla Mining, for aggregate gross proceeds of US$439 million (C$605 million). “Today’s announcement demonstrates Newmont’s ongoing commitment to streamlining our equity portfolio and unlocks significant cash to support Newmont’s capital allocation priorities,” said Tom Palmer, Newmont chief executive officer. “We value the strong relationship we’ve had with Orla…
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Komatsu announced a strategic technology collaboration with Applied Intuition, a Silicon Valley-based company at the forefront of vehicle intelligence. This collaboration aims to provide cutting-edge technologies and real-time adaptability to Komatsu’s next-generation mining equipment, helping customers boost productivity, reduce downtime and operate with greater precision and efficiency. With Applied Intuition’s proven capabilities across vehicle operating systems, autonomy stacks and tooling,…
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As a leading force in the development of sustainable transportation solutions, Volvo Group this year is celebrating 80 years of remanufacturing components for its on-road, off-road and marine applications. The remanufacturing program, which launched in 1945 in Köping, Sweden, is supported in North America today by operations in Middletown, Pa., and Charlotte, N.C. “Remanufacturing is a cornerstone of the Volvo…
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Anglo American and Teck Resources have reached an agreement to combine the two companies in a merger of equals, forming the Anglo Teck group. Headquartered in Vancouver, Canada, Anglo Teck will be a global critical minerals champion and top-five global copper producer. Bringing together the strengths of both companies, Anglo Teck will leverage proven capabilities in technical and operational excellence,…
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