Komatsu puts 700th AHS into operation in Chile

Komatsu has now surpassed 700 commercial deployments of its FrontRunner autonomous haulage system (AHS) as of February. The achievement was met last month and includes over 100 units of the 980E-AT, one of the world’s largest ultra-class dump trucks capable of carrying 400 tons. The 700th AHS truck was deployed at Glencore’s Lomas Bayas copper mine in Chile, which first…

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Glencore-led group nabs Teck coal unit

A consortium led by Glencore has agreed to acquire Teck Resources’ steelmaking coal unit for $9 billion, marking one of the largest deals in the mining sector, according to Reuters. Glencore will own 77% of the business in a $6.9 billion cash deal, while 20% will go to Japan’s Nippon Steel Corp., which already holds a 2.5% stake. South Korea’s…

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Wabtec unveils Generation 3 CAS

Wabtec Digital Mine has launched its latest Generation 3 Collision Avoidance System (CAS) to enhance safety and productivity, as well as provide a new level of performance with a rules and intelligence capability. The Generation 3 CAS incorporates a brand new, cleaner, simpler user interface with context-based voice alerts that have been built using the latest human factor design. It…

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Teck rejects unsolicited Glencore bid

Canadian miner Teck Resources has rejected an unsolicited $22.5 billion offer from Glencore, citing reluctance to expose its shareholders a large thermal coal business, an unwanted oil trading business and significant jurisdictional risk, reported Reuters. Glencore’s proposal was to merge with Teck and to simultaneously demerge their combined metals and coal businesses to create MetalsCo and CoalCo. The remaining company…

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Peru copper mine hit by vandals

A Glencore copper operation in Peru has been targeted by vandals amid a rash of protests in the southern Andes, according to reports. Reuters said on 12 January that political protestors attacked the Antapaccay copper mine that day, citing a statement from a top mining official. The country is currently in the throes of its worst civil unrest in several…

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Glencore to pay US$180 million to DRC for past corruption

Glencore has reached an agreement with the Democratic Republic of Congo covering all present and future claims arising from alleged acts of corruption by the miner in the DRC between 2007 and 2018. Under the agreement, Glencore International AG, on behalf of its Congolese-associated companies, will pay the DRC US$180 million and will continue to implement the Ethics and Compliance…

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Glencore gains larger stake in MARA project

Glencore will soon own 43.75% of the MARA project in the Catamarca province of Argentina after entering an agreement to acquire Newmont’s 18.75% shareholding. Under the terms of the deal, Glencore will pay Newmont $124.9 million upon closing and a $30 million deferred payment upon commercial production subject to an annual interest charge of 6%. Total deferred consideration is capped…

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