Metso has agreed to acquire the screening business, operations and key assets of Selm (Beijing) Technology Co., Ltd. for an undisclosed amount. The deal strengthens the OEM’s services to better support mining and aggregates customers in China. “The acquisition is a significant step in advancing our regional strategy in screening of being closer to our customers, fostering a market-focused approach,”…
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Japan Gold has entered into an investment agreement with Osisko Gold to sell a 1.5% net smelter return royalty on certain properties and assets in Japan for US$5 million cash. Osisko will also have the option to purchase an additional 0.5% net smelter return royalty for $3 million after the deal’s first anniversary. “The transaction allows us to accelerate our…
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French miner Eramet is reportedly exploring new mining areas in the South Sulawesi and Papua regions of Indonesia, according to a recent Reuters story. The news agency said the Minister of Investment and Downstreaming of Indonesia Rosan Roeslani posted on Instagram that he met with Eramet Group CEO Christel Bories. “Eramet outlined its investment plans, including exploration of new areas…
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Orica has achieved another milestone in its decarbonisation journey, eliminating one million tonnes of carbon dioxide equivalent (CO2-e) from its Kooragang Island facility in New South Wales. The reduction is the result of Australia’s first deployment of tertiary abatement technology on three nitric acid plants. To facilitate the project, the NSW Government’s Net Zero Industry and Innovation Program co-invested $13.06…
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BHP has awarded an engineering, procurement and construction management (EPCM) contract to a joint venture between Fluor Australia Pty Ltd and Hatch Pty Ltd, to support the proposed expansion of its copper smelter and refinery facilities in South Australia. The contract will be executed in stages as BHP progresses toward a final investment decision on the smelter and refinery expansion…
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Fortescue plans to purchase Australian peer Red Hawk Mining in an off-market takeover bid to gain access to an undeveloped iron ore mine near its major Solomon project in Western Australia, reported Bloomberg. An offer price of as much as A$1.20 cash per share implies an equity value of A$254 million ($160 million) for Red Hawk. “Red Hawk is the…
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Bowen Rail Company has appointed THEE Group as the new track and civil maintenance contractor for the billion-dollar Carmichael Rail Network project in central Queensland. Bowen Rail Company general manager Brendan Lane said THEE Group was chosen following a months-long selection process. The scope of work to be delivered is so fundamental to the safety and performance of the railway…
Read MoreMining contractor PT Pamapersada Nusantara (PAMA) has become the first open-pit coal mine in the region to implement automation at its Kalimantan coal mine site in Indonesia, selecting RCT as its partner for the project. RCT said its automation technology was implemented on the site’s dozer fleet, consisting of a Komatsu D155 and a Komatsu D375. These dozers have been…
Read MorePapua New Guinea Mining Minister Wake Goi stressed this week that the government’s support is solid for mining companies that align with its long-term sustainability development goals. He told regional newspaper the Post-Courier that he is happy to see positive examples for the resource sector alongside “responsible investors” like K92 Mining and wants to foster such partnership. “We encourage other…
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Fair Work Commission hearings as part of a case against BHP have begun in Brisbane, reported ABC News. The news organization said the case will test the Australian government’s Same Job, Same Pay laws. The Mining and Energy Union is accusing the miner of underpaying labour hire workers at its Peak Downs, Saraji and Goonyella Riverside mines. MEU seeks to…
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