Indonesia’s mining minister said Vale will sell a 14% stake in Vale Indonesia to bring the holding by foreign investors below the maximum limit, reported Reuters. The news agency said share divestment is a condition Indonesia requires to extend the operation permit for the nickel miner. The government requires oversea firms to divest 51% of their stake to local buyers…
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Immersive Technologies recently celebrated the official grand opening of its new production campus in Perth, Australia, which will be its global base for manufacturing, hardware engineering and logistics. The location also serves as the central distribution center for parts fulfilment for the company’s 14 regional support offices who service 350-plus global mining customers in 50 countries. “This investment delivers a…
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Thiess has secured a lease for a new facility at Kabil Integrated Industrial Estate on Batam Island, Indonesia, allowing the global mining services provider to expand its truck and component rebuilding capabilities on a large scale. The company said it has an extensive fleet of mining haulage trucks in Indonesia and Australia, including more than 650 that will reach the…
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Australian Minister for Resources the Hon. Madeleine King spoke at the recent IMARC event in Sydney, spotlighting that she feels Australia can lead the world as it transitions to a clean energy future by producing the critical minerals required, whilst not sacrificing its existing competitive advantage as a traditional mining powerhouse. Addressing the 10th International Mining and Resources Conference, Minister…
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Metso has received orders for three Outotec Anode Casting Shops from undisclosed major copper producers in Japan and China. The total value of the orders is EUR 13 million. In each of the projects, Metso’s scope of delivery includes anode casting shops with engineering and state-of-the-art technology. One of the orders has been booked in the Minerals segment’s 2023 fourth…
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Photo: B2Gold Technology group Wärtsilä has signed a five-year renewal of its operation and maintenance agreement with B2Gold subsidiary Philippine Gold Processing & Refining for the Masbate gold mine power plant. Wärtsilä has operated and maintained the plant, which is the sole source of electricity for the remote mine, since 2009. “The plant’s availability, efficiency and reliability are critical to…
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Photo: Monadelphous Engineering company Monadelphous has secured new construction and maintenance contracts and contract extensions with several miners and an energy company totalling A$170 million. Lynas Rare Earths awarded Monadelphous a construction contract for stage 1 of its Mt Weld expansion project near Laverton in the Goldfields region of Western Australia. The scope of the contract includes structural, mechanical and…
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