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02.03.2020 (606 Clicks)

Epiroc announces Changes to Group Management

Epiroc, a leading productivity partner for the mining and infrastructure industries, appoints new members of Group Management and creates a more efficient working structure.

27.02.2020 (797 Clicks)

SMT exceeds FY 2019 Revenue and Earnings Forecasts

• Group revenue rises to over EUR 75 million
• Operating profit (EBIT) improves significantly to above EUR 6 million
• Contrary to expectations, strong Q4 business in China

SMT Scharf AG (WKN 575198, ISIN DE0005751986), one of the world’s leading providers of customised transport solutions and logistics systems for underground mining, has on the basis of preliminary figures exceeded both its FY 2019 forecast that was adjusted downwards during the course of the year as well as its original FY 2019 forecast.

27.02.2020 (780 Clicks)

Medusa Mine: Underground Rockfall Fatality

Medusa Mining Limited, through its Philippines operating company Philsaga Mining Corporation, is saddened to report of a fatal accident which occured at its Co-O mine on 26 February 2020.

27.02.2020 (750 Clicks)

Metso to supply Core Technology for the Pavlik Gold Ore Processing Plant in Russia

Pavlik Gold JSC has chosen Metso as the supplier for the key crushing and grinding equipment for its ore processing plant in Magadan, Russia. The Pavlik gold plant, which commenced its operations in 2015, currently produces approximately 7 tons of gold annually. With the new equipment, the plant expects to double its ore processing capacity and increase gold production.

26.02.2020 (649 Clicks)

WTC 2020 in Malaysia shifted from May to September 2020

• World Tunnel Congress 2020 will be held from 11 to 17 September 2020 in Kuala Lumpur instead of May 2020 due to the Corona Virus

Kuala Lumpur (MY)/Geneva (CH), 26 February 2020. Due to the spreading Corona Virus in Asia-Pacific and the last days also in Europe, the organisers decided to shift the date of the World Tunnel Congress 2020 and associated events from 15-21 May 2020 to a new date, which will be the 11 to 17 September 2020.

25.02.2020 (708 Clicks)

Komatsu approves Continental EM-Master for Dash 8 Wheel Loader Series

Komatsu Dash 8 Wheel Loaders Series produced in Germany and sold in Europe now available with Continental EM-Master tires

25.02.2020 (718 Clicks)

Solmax will be attending Geo-Congress 2020 in Minneapolis, MN

Solmax is looking forward to Geo-Congress 2020 - happening at the Hyatt Regency Hotel, in Minneapolis from February 25th - 28th.

25.02.2020 (721 Clicks)

Solmax's new Website - ready for 2020

Starting the new decade, geosynthetics leader Solmax is launching a refreshed 2020 website. The redesign adds efficiency and advanced functionality to the site to meet the information and specification needs of all Solmax customers, from engineers to installers and business development specialists.

20.02.2020 (685 Clicks)

Metso celebrates First Pour for new Vadodara Foundry in India

Metso announced in 2018 a greenfield foundry project in Vadodara, India, with a target to increase the casting wears capacity for the mining and aggregate industries. The First Pour event was celebrated in India today, and the foundry will start production for customer deliveries for local and global markets in February.

20.02.2020 (683 Clicks)

Orica announces Acquisition of leading Peruvian Explosives Manufacturer Exsa

Orica announced that it is to acquire Exsa, Peru’s leading manufacturer and distributor of industrial explosives.

The acquisition will establish Orica as the number one player in Latin America’s highest growth market and create a step-change in Orica’s manufacturing footprint, driving competitive advantage and an enhanced position in the Latin American market.

As part of the deal Orica will integrate into its global manufacturing footprint Exsa’s new, state of the art Initiating Systems (IS) manufacturing facility. By utilising latent capacity, Orica will be able to significantly increase production, transforming IS manufacturing capability with potential to serve demand right across the Americas.

The acquisition price of ~A$302 million on a debt free, cash free basis represents an expected acquisition multiple of 7.0x FY19 EBITDA post-synergies which are expected to be achieved by the third full year of ownership and 13.9x FY19 EBITDA pre-synergies.

The acquisition will be cash funded through a capital raising. This will also provide funds to give greater balance sheet flexibility to support investment in Orica’s core capital initiatives and growth engines.

Orica Managing Director and CEO Alberto Calderon said: “We are very pleased to announce the acquisition of Exsa, which will immediately establish Orica as the number one player in Peru, Latin America’s highest growth market, and transform Orica’s entire Initiating System footprint.

“Exsa’s world class Initiating Systems facility integrates the manufacture of almost every component of a detonator on site, providing meaningful and tangible synergies upon integration into the Orica network, with the ability to take advantage of significantly under-utilised manufacturing capabilities.

“The deal also increases our exposure to copper and gold, and presents significant cross selling opportunities for us to introduce Orica’s technology, products and services to Exsa’s broad customer base.

“The acquisition of Exsa perfectly complements our existing Latin American operations, where we already have a strong footprint.

“In addition to facilitating this acquisition, the capital raising will provide Orica with greater balance sheet flexibility to continue to invest in core capital initiatives and growth engines,” Mr Calderon said.

Source: Orica