Page 111 of 863      News per page:1020

02.03.2020 (583 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 (772 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.

SMT Scharf grew its consolidated revenue to more than EUR 75 million in 2019 compared to EUR 70.8 million in the previous year. The reason for this is that the dynamic revenue trend in China has weakened much less than expected due to ongoing market distortions caused by the new regulation for engines (China III). As a consequence, the company successfully processed further orders from China in the fourth quarter of 2019. Moreover, SMT Scharf significantly increased its operating result (EBIT) to more than EUR 6 million (2018: EUR 5.3 million). SMT Scharf had most recently forecast consolidated revenue of EUR 65 million to EUR 67 million (originally EUR 72 million to EUR 75 million) for FY 2019, with EBIT in a range between EUR 4.5 million and EUR 5.0 million (originally EUR 5.5 million to EUR 6.0 million).

Hans Joachim Theiss, CEO of SMT Scharf AG, comments on the business situation in China: “Due to the new so-called China III regulation, mining companies in China are faced with the challenge of replacing their machines due to the new approval regulations, in order to avoid possible fines. These new approval regulations will be mandatory for mining companies from 2021. In order to make full use of their capacities, some companies have decided to use transport solutions with China II approval for the time being. This played into our hands in the final quarter – and gave our sales revenue and profitability a strong boost, which was unexpected in these circumstances.”

SMT Scharf believes that the ongoing approval issues in China will continue to affect its business during the first half of the year. The company sees the spread of coronavirus as a further possible influence in this context, which could not only lead to a further slowdown in business in China and but also exert an overall impact on SMT Scharf’s business activities. Given its full order books, SMT Scharf is meanwhile focusing on leveraging attractive growth opportunities in China. Positive effects on business are not expected until the second half of 2020 at the earliest, when delivery of the newly approved China III machines can likely commence.

The complete report for the 2019 financial year will be published on March 27, 2020, when it will be available for download on the company’s website www.smtscharf.com in the “Investor Relations” area.

Source: SMT

                     

27.02.2020 (753 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 (677 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 (633 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 (682 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 (690 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 (694 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 (660 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 (660 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.