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03.04.2019 (2912 Clicks)

Epiroc completes Acquisition of South African Underground Rock Reinforcement Products Manufacturer New Concept Mining

Epiroc, a leading productivity partner for the mining and infrastructure industries, has completed the acquisition of New Concept Mining, a South African manufacturer of rock reinforcement products for underground mining.

03.04.2019 (2642 Clicks)

Keliber applies for an environmental Permit for the Rapasaari Lithium Mine in Finland

Keliber has submitted an environmental permit application for the Rapasaari lithium mine to the Regional State Administrative Agency for Western and Inland Finland.

03.04.2019 (2831 Clicks)

Vattenfall and Boliden to work together for a fossil-free Future

Vattenfall AB and Boliden AB have signed a partnership agreement relating to technical development in the field of the electrification of mines and smelters, the circular economy and a fossil-free future. The agreement, which covers a four-year period, also includes battery solutions with a view to supporting the electricity grid and optimising electricity consumption.

02.04.2019 (2853 Clicks)

Sika starts Mortar Production in Senegal

Sika is expanding production capacity in Senegal, West Africa, by opening a mortar production facility at its existing factory in Dakar. The plant will initially manufacture tile adhesives, grouts, concrete repair and waterproofing mortars and at a later stage cementitious flooring solutions.

01.04.2019 (3002 Clicks)

Resources Sector Outlook is good News for Queensland

Strong projections for key Queensland resource commodities was good news for the State’s economy, jobs, exports and royalty revenue, Queensland Resources Council Chief Executive Ian Macfarlane said.

01.04.2019 (3118 Clicks)

Chile's innovative Floating PV Project on AngloAmerican's Tailings Pond

Chile has its first floating solar farm installed and on a brand-new type of site: a tailings pond, owned by the mining giant AngloAmerican.

01.04.2019 (4130 Clicks)

Changes in the Management of Komatsu Germany GmbH

On the 1st April 2019 Mr Ralf Petzold, current member of the management of Komatsu Germany GmbH, will take on the overall management of all three business areas, namely the Mining, Construction and Industries Divisions, as Chairman of the Board.

29.03.2019 (3080 Clicks)

Normet nominated Interim CEO

Normet’s board of directors has nominated Aaro Cantell as the interim CEO starting April 1st, 2019.

29.03.2019 (3514 Clicks)

SMT Scharf AG reports double-digit Revenue and Earnings Growth

SMT Scharf AG, one of the world’s leading suppliers of customised transport solutions and logistics systems for underground mining, achieved significant revenue and earnings growth in the 2018 fiscal year, according to final figures. SMT Scharf reported marked consolidated revenue growth of 35.9% to EUR 70.8 million in the year under review (2017: EUR 52.1 million). At the same time, the company achieved an operating result (EBIT) of EUR 5.3 million (2017: EUR 4.5 million), which corresponds to an increase of 16.5%. SMT Scharf improved its consolidated net profit for the year by EUR 0.6 million year-on-year to EUR 4.6 million (2017: EUR 4.0 million).

The CEO of SMT Scharf AG, Hans Joachim Theiss, is satisfied with business trends in 2018: “We have significantly lifted both revenue and earnings, and in some cases exceeded our original expectations at the start of the year. This shows we are consistently implementing our strategic measures and are in a position to leverage the opportunities the market is currently offering us to a disproportionate extent. With our acquisition of RDH Mining Equipment, we have further enhanced our market position and expanded our portfolio to include rubber-tired diesel and electric vehicles for non-coal and salt mining as well as tunnel construction sites.”

SMT Scharf also confirmed the strong revenue growth trend in the fourth quarter 2018. Consolidated revenue reached EUR 23.7 million in this period. Consequently, consolidated revenue was thereby up by 40.2% year-on-year (Q4 / 2017: EUR 16.9 million), making a significant contribution to the clearly positive revenue growth in the full 2018 year. In line with this, total operating revenue rose to EUR 71.0 million (2017: EUR 53.1 million). Given increasing investments by mine operators, business with new systems proved to be extremely dynamic. In view of the good position within the sector business cycle and SMT Scharf’s strategic market expansion, the revenue share for new equipment exceeded the 50% level at 50.3% (2017: 43.6%). The company also reported growth in its spare parts and service business, where it achieved a 49.7% revenue share (2017: 56.4%). The predominant proportion of consolidated revenue, 78.7%, or EUR 55.7 million, continues to be attributable to the Coal segment (2017: 83.6% or EUR 43.6 million). Sales in the Non-Coal segment also rose by 21.0% to EUR 14.9 million (2017: 16.2% or EUR 8.4 million).

In addition, the proportion of SMT Scharf’s revenues generated abroad rose to 98% in the 2018 fiscal year (2017: 95%). China became the most important market, with demand in the mining and energy sectors picking up noticeably. In the Chinese market, SMT Scharf significantly boosted its revenue to EUR 28.3 million, compared with EUR 14.1 million in the previous year. Russia (CIS) remains an important target market with a 22.0% revenue share, or EUR 15.6 million (2017: 32.6% or EUR 17.0 million). The residual revenue in Germany continued to decline as planned to EUR 1.5 million or 2.1% (2017: EUR 2.5 million or 4.8%).

The cost of materials ratio (in relation to total operating revenue) was up year-on-year to 58.6% (2017: 57.5%), reflecting the higher order volume from suppliers in the reporting period. The personnel expense ratio (in relation to total operating revenue) of 21.4% is below the previous year’s figure (2017: 23.9%) despite the higher number of employees compared with the previous fiscal year. Overall, the SMT Scharf Group generated a significantly improved operating profit (EBIT) of EUR 5.3 million in the year under review (2017: EUR 4.5 million). Accordingly, the EBIT margin (in relation to total operating revenue) stood at 7.5% (2017: 8.6%). This relative decline is due to promising investments in market shares, new markets and product areas, with SMT Scharf thereby laying the foundation for further revenue and earnings growth in the future. Correspondingly, earnings per share amounted to EUR 1.01 (2017: EUR 0.94).

In the year under review, the SMT Scharf Group’s new order intake amounted to EUR 75.3 million (EUR 51.5 million in 2017), while the order book position stood at EUR 19.7 million as of December 31, 2018 (December 31, 2017: EUR 15.2 million). “Mining companies will continue to invest in new plant, equipment and technology in line with higher commodity prices. However, many markets are characterised by intense competition. Overall, we believe SMT Scharf is well positioned to benefit from the sector’s robust cyclical phase in key mining markets worldwide. We aim to continue our growth strategy consistently in 2019. In this respect, M&A activities remain an attractive strategic option for us to expand our product portfolio,” commented Theiss.

With a look to the 2019 fiscal year, the Managing Board of SMT Scharf AG anticipates consolidated revenue in a range between EUR 72 million and EUR 75 million and EBIT in a range between EUR 5.5 million and EUR 6.0 million.

Source: SMT Scharf AG

                     

27.03.2019 (2719 Clicks)

Experienced Conveyor Components Salesman joins Superior in Northeast U.S.

Superior Industries Inc., a U.S. based manufacturer and global supplier of bulk material processing and handling systems, says industry veteran Cary Octavio is its new territory sales manager for conveyor components in the Northeast United States. Octavio comes to Superior after almost 30-years of sales and service in bulk material handling markets.