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Tag: divestment

Caterpillar to divest longwall business

February 25, 2022March 8, 2022 Miners News

OEM Caterpillar has confirmed to North American Mining and Miners News that it has made a preliminary deal to exit longwall mining and divest its longwall equipment arm to Hauhinco.

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Feature, Global NewsCaterpillar, divestment, Hauhinco, longwall

Vale selling Moz mine, rail corridor to Vulcan Minerals

December 22, 2021December 22, 2021 Miners News

Brazilian-based miner Vale has confirmed in a regulatory securities filing notice that it is selling its Moatize coal operation and Nacala logistic corridor in Mozambique to Jindal Group subsidiary Vulcan Minerals in a $270 million deal.

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Africa, Featurecoal, divestment, Mozambique, Vale, Vulcan Minerals

BHP closes door on QLD met coal, sells to Stanmore

November 9, 2021November 9, 2021 Miners News

BHP announced 8 November it has inked a deal to divest its 80% holding in BHP Mitsui Coal (BMC), effectively exiting the metallurgical coal scene in Queensland, Australia.

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QueenslandBHP, BHP Mitsui Coal, coal, divestment, Stanmore Resources

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