Precision Pulley & Idler (PPI) has agreed to acquire Continental Global Material Handling, a portfolio company of Stellex Capital Management. United States-based Continental has been “a leader in bulk material handling for decades,” PPI said.
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North America home to top mining jurisdictions: Fraser Institute
Utah is the most attractive jurisdiction in the world for mining investment followed by Nevada and Saskatchewan, according to Fraser Institute’s 2023 annual mining survey. The ranking is based on the jurisdictions’ overall investment, mining policy, and geological attractiveness.
Read MoreTerraSource Global announces acquisition of Peninsula Iron Works
TerraSource Global, a provider of comprehensive solutions for natural resource recycling, material handling, product classification and liquid/solid separation under its brands Gundlach Crushers, Jeffrey Rader, Pennsylvania Crusher and Elgin Separation Solutions; and a subsidiary of Right Lane Industries – announced the acquisition of Peninsula Iron Works (PIW) as of May 31. PIW is a premier refurbisher, rebuilder and parts manufacturer…
Read MoreJENNMAR picks up majority stake in ASW
U.S.-based JENNMAR has acquired a majority stake in Australian Steel and Wire, a takeover its officials said will grow its wire mesh expertise and expand its offerings in North America, Europe and the Asia-Pacific region. JENNMAR, a portfolio company of FalconPoint Partners, will integrate ASW into its JENNMAR Australia group of companies. Terms of the transaction were not disclosed. ASW’s…
Read MoreEpiroc buys Canadian ground support company
Epiroc has agreed to acquire Canadian-based Yieldpoint, which provides advanced ground support solutions that strengthen safety for mining and civil engineering applications, for an undisclosed amount. “Proper ground support is crucial to safe mining and infrastructure operations. Yieldpoint’s smart and robust monitoring solutions complement our ground support offering well, and expand our portfolio of digital solutions,” said Helena Hedblom, Epiroc…
Read MoreThird time is not the charm: Anglo rejects latest BHP offer
Anglo American has rejected a third unsolicited takeover proposal from rival miner BHP but has agreed to extend the PUSU deadline to May 29. The latest bid included the same highly complex structure as the previously rejected proposals, which involved an all-share offer with a requirement for Anglo American to complete two separate demergers of its entire shareholdings in Anglo…
Read MoreAnglo American to simplify portfolio
Anglo American has laid out plans to refocus on copper and iron ore while spinning out or selling its less profitable coal, nickel, diamond and platinum businesses, reported Reuters. The announcement comes after the miner rejected a second takeover bid from rival BHP.
Read MoreEnviroGold applies for patent in NVRO Clean Leach process
EnviroGold Global has filed a new Australian provisional patent application (AU2024901328) for an improved method of extraction of metals from refractory ores. This application builds on the previously filed application (PCT AU2023/051121) for an improved process for recovery of refractory ores, completing the intellectual property protection for EnviroGold’s NVRO Clean Leach Process. “This patent application follows an extended pilot study…
Read MoreAnglo American rebuffs latest BHP bid
Anglo American has rejected a raised buyout proposal of £34 billion ($42.67 billion) from rival miner BHP as it “continues to significantly undervalue” the company, reported Reuters. This follows an initial rebuffed all-share bid of £31.1 billion ($39 billion). “The latest proposal from BHP again fails to recognise the value inherent in Anglo American,” said Stuart Chambers, Anglo American chairman.…
Read MoreMetso to restructure Minerals equipment division
Metso said it plans to implement structural adjustments in certain parts of its Minerals equipment business to strengthen competitiveness and improve efficiency. The restructuring will lead to the loss of 240 positions globally. “The planned measures will address the changes in the market environment that are driven by, for example, an increasing emphasis on strategic minerals that support the energy…
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