Sotkamo Silver announces Extension of Agreement with ABB Oy

Sotkamo Silver is delighted to announce that the agreement with ABB Oy concerning sales of technology, has been extended until June 30th 2017. The agreement covers engineering, design, delivery and supply of electrification, automation and instrumentation. The estimated value of the deliveries are about 5 million euro. The value of the supply financing is dependent on the value of the delivery.


Sandvik Mining and Rock Technology showcases next Generation Mining Equipment and Services at Minexpo


Sandvik introduces innovative new products and services that help customers to improve safety and productivity even further, with emphasis on total cost of ownership, scalable automation packages, availability of service and parts and inherent product safety. At Minexpo International® 2016, Sandvik will showcase the latest in its portfolio of innovative equipment and services, ranging from a single drill bit to mine automation.


Innovation in Action in the Resources Sector for Brisbane Students

One of the biggest employers of apprentices in Queensland has opened the doors to its state-of-the-art learning centre to Year 10 students for the first time.

The Queensland Minerals and Energy Academy’s (QMEA) Toolkit 4 SchoolKids workshop, held at the Hastings Deering Learning Centre, enabled students to experience innovative technology in practice in the resources sector.


ABB fourth-quarter earnings adversely impacted by Power Systems division

  • Q4 operational EBITDA impacted by approximately $260 million in charges mainly for storm-related delays in offshore wind projects and some operational issues in Power Systems (PS) division
  • Q4 net income also impacted by additional restructuring-related charges in PS and some legacy Group non-operational charges
  • New leadership brings proven mix of systems and global market experience
  • All other divisions broadly in line with the company’s expectations
  • Q4 basic earnings per share (EPS) expected to be approximately $0.23
  • 2013 full-year free cash flow expected to be in line with 2012 despite negative cash flow from operations in PS

ABB said its fourth-quarter 2013 results were adversely impacted mainly by charges for storm-related project delays and some operational issues in the Power Systems (PS) division.


Hexagon Geosystems Signs Agreement to Acquire Devex

Hexagon Geosystems will strengthen its market position and technology in the mining industry by complementing its well established Leica Geosystems Mining business with the acquisition of Devex. Devex, based in Belo Horizonte, Brazil has a leading market position in the South American market, serving the mining industry with automation solutions for mining operators.


ABB: Board Changes

The Board of ABB has unanimously appointed Ulrich Spiesshofer, the head of its Discrete Automation and Motion (DM) division, as Chief Executive Officer.

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