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12.01.2022 (320 Clicks)

Anglo American completes Sale of Shareholding in Cerrejón Mine

Anglo American plc announces the completion of the sale of its 33.3% shareholding in the Cerrejón joint venture to Glencore plc for a total cash consideration of approximately US$294 million, based on an effective economic date of 31 December 2020.

12.01.2022 (338 Clicks)

JLT Mobile Computers completes Acquisition of French Sales Partner ID Work that becomes JLT France

As part of JLT’s growth strategy to strengthen its sales channel, the acquisition reinforces the company’s French presence and commitment to one of its largest and most important European markets.

12.01.2022 (413 Clicks)

Future Minerals Forum: Ministerial Participants emphasize Need for Collaboration with Mining Industry Stakeholders

The Kingdom of Saudi Arabia, under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, convened the inaugural Future Minerals Forum (FMF), in Riyadh from January 11 to 13, 2022 to advance dialogue on future minerals, investment in mining, and collaboration across the region from Africa to Central Asia.

12.01.2022 (356 Clicks)

Nordic Iron Ore appoints interim CEO

Nordic Iron Ore's CEO Lennart Eliasson retired at the turn of the year. Lennart Eliasson will continue as interim CEO on a consulting basis.

11.01.2022 (545 Clicks)

German Entrepreneur and Founder of H. Paus Maschinenfabrik GmbH, Hermann Paus passed away on 27.12.2021

On Dec. 27, 2021, Hermann Paus, entrepreneur and founder of H. Paus Maschinenfabrik GmbH, passed away. He would have turned 90 on January 28.

Hermann Paus was a trained agricultural machinery engineer, but then founded his company in 1968 together with his wife Agnes to manufacture construction machinery. The product range expanded rapidly: he started with dump trucks, and soon articulated wheel loaders were also manufactured, as well as swivel and telescopic swing loaders later on. From 1974, the portfolio was widened to include underground mining vehicles and, from 1976, inclined elevators.

With his characteristic foresight, Hermann Paus was always opening up new markets and opportunities. The world was his home, foreign cultures were part of his life, he won many friends through his always open, empathetic and obliging manner. Despite numerous setbacks, especially in the early years, he never lost heart and always found answers to new challenges, often envisioning new products and innovations. With his confidence-creating personality, he was always able to inspire people to follow new mechanical engineering paths - that was his lifeblood.

For his services to the Russian mining industry, he was awarded the 'Miner's Honor 2nd Level' medal by the Ministry of Mining of the Russian Federation in 2001. In 2002, for his 70th birthday, he was appointed an honorary member of the faculty of the Belarus Mining Academy in Minsk.

In February 2017, he was inducted into the 'International Mining Hall of Fame' in Denver/USA.

Hermann Paus was involved in numerous associations and honorary posts within his industries but also in local politics. For example, he was for many years a member of the municipal council of his home town of Emsbüren and chairman of the local sports club SV Concordia. For his services in such honorary positions, he was awarded the Federal Cross of Merit on Ribbon. In 2011, the Emsland Business Association honored him for his life's achievements.

Throughout his life, people, and in particular his employees, were close to his heart, and he was always a role model for them, especially when it came to taking responsibility: 'My name is on the product, so I stand by it' was one of his mottos. An attitude that lives on in the motto of 'his' company: 'PAUS- the people who care...'.

With him, we lose an entrepreneurial personality of special distinction.

Source: Paus

                     

11.01.2022 (306 Clicks)

Sika postes Record Sales for 2021 – Growth of 17.1%

• Sales increase of 17.1% in local currencies – 2021 sales at CHF 9.24 billion (+17.3% in CHF)
• Additional growth platforms created through seven acquisitions: Kreps (Russia), DriTac (USA), BR Massa (Brazil), Hamatite (Japan), American Hydrotech (USA), Bexel (Mexico), and Landun (China)
• Signing of MBCC Group takeover agreement – closing planned for second half of 2022
• Expansion of production sites in Stockholm (Sweden) and Doha (Qatar), commissioning of new production sites in Jiaxing City (China) and Pune (India), establishment of a new national subsidiary in Ghana
• Over-proportional increase in EBIT and EBIT margin of 15% anticipated for 2021
• Confirmation of 2023 strategic targets for sustainable, profitable growth

11.01.2022 (319 Clicks)

Hurricanes, cold Waves, Tornadoes: Weather Disasters in USA dominate natural Disaster Losses in 2021

• In 2021, natural disasters caused overall losses of US$ 280bn, of which roughly US$ 120bn were insured
• Alongside 2005 and 2011, the year 2021 proved to be the second-costliest ever for the insurance sector (record year 2017: US$ 146bn, inflation-adjusted) – overall losses from natural disasters were the fourth-highest to date (record year 2011: US$ 355bn)
• Hurricane Ida was the year’s costliest natural disaster, with overall losses of US$ 65bn (insured losses of US$ 36bn)
• In Europe, flash floods after extreme rainfall caused losses of US$ 54bn (€46bn) – the costliest natural disaster on record in Germany
• Many of the weather catastrophes fit in with the expected consequences of climate change, making greater loss preparedness and climate protection a matter of urgency

10.01.2022 (318 Clicks)

Hexagon strengthens its Life-of-mine Solutions Portfolio with the Acquisition of Minnovare

Hexagon AB, a global leader in digital reality solutions, combining sensor, software and autonomous technologies, acquired Minnovare, a leading provider of drilling technology that improves the speed, cost and accuracy of underground drilling.

07.01.2022 (315 Clicks)

Robbins XRE TBM crosses the finish Line at Chile’s Los Condores HEPP

A Robbins 4.6 m (15.1 ft) diameter Crossover machine holed through in the Andes Mountains of Chile in the last quarter of 2021. The XRE TBM bored a 3.3 km (2.1 mi) long tunnel for Chile’s Los Condores Hydroelectric Power Project (HEPP) and project owner Enel.

07.01.2022 (327 Clicks)

„Mechanical and plant engineering industry urgently seeks skilled workers“

Commenting on the current situation on the labour market, VDMA Executive Director Thilo Brodtmann explains: 'Despite the still tense Corona situation, demand for labour in the mechanical and plant engineering industry remains high.