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01.04.2020 (692 Clicks)

Endomines AB raises EUR 3.4 million Loan Facility

Endomines AB has placed EUR 3.4m loan with warrants to primarily Finnish institutional investors, including the Chairman of the Board of Endomines and the company’s CEO.

A loan facility amounting to EUR 3.4m have been placed with Finnish institutional investors. Among the investors are the Chairman of the Board and the CEO. The proceeds from the Loan will mainly be used for working capital need for the company and financing general corporate purposes of the Endomines group.

01.04.2020 (614 Clicks)

SSAB: Actions taken due to the Covid-19 Situation

SSAB implements several short-term actions across the business to mitigate the effects of Covid-19 and the total annualized savings are estimated to exceed SEK 1 billion.

SSAB's annual general meeting (AGM) was held today, April 1, 2020, in Stockholm. The AGM resolved that no dividend will be paid for the financial year 2019.

During the first three months of the year the business has largely proceeded according to expectations. SSAB´s focus during the first quarter has been to reduce risks of spreading the Covid-19 virus, including measures to protect the health and safety of our personnel and at the same time sustaining operations.

01.04.2020 (743 Clicks)

Innovation Platform Nexplore forms Research Cooperation with TU Darmstadt

Cooperation aimed at using Artificial Intelligence in construction

31.03.2020 (659 Clicks)

Industry comes together to form Green Hydrogen Consortium

Hatch, Anglo American, BHP, and Fortescue have formed a Green Hydrogen Consortium to look at ways of using green hydrogen to accelerate decarbonization within their operations globally.

31.03.2020 (673 Clicks)

Costain announces new Managing Director of its Transportation Division

Sue Kershaw has joined Costain as managing director of its transportation division where she will be responsible for the highways, rail and aviation sectors. Sue will join the Group’s Executive Board and report to Alex Vaughan, chief executive officer.

31.03.2020 (602 Clicks)

Sandvik receives tubular Orders for the Energy Industry

Sandvik Materials Technology has received large orders for advanced tubes for the energy segment. The orders were booked in the first quarter 2020 at a combined value of about 630 million SEK, with deliveries scheduled as from the second half of 2020.

30.03.2020 (714 Clicks)

SMT Scharf AG significantly increases Revenues and Earnings in 2019 thanks to strong Business in China

• Consolidated revenue of EUR 75.4 million well above previous year
• Operating profit (EBIT) grows significantly to EUR 6.8 million
• Strong business in China delivers strong revenue and earnings surge in Q4/2019
• Progress of business in China in 2020 still dependent on China III approval

30.03.2020 (676 Clicks)

Genoa’s new Bridge: Work pursues its Course on site strictest Measures adopted for Workers’ Safety

Work at the construction site of Genoa’s new bridge is pursuing its course following the completion of the piers and the installation of 750 m of the deck with the hoisting of the latest section over the railway. It is being done while rigorously respecting the strictest safety measures for workers and applying the most rigid regulations to protect the health of all direct and indirect employees.

28.03.2020 (549 Clicks)

Vale announced temporary Aid Package for Suppliers

Vale announced it will anticipate payments to small and medium-sized businesses; approximately R$ 160 million will be injected into the economy in the coming days

27.03.2020 (1504 Clicks)

IDS GeoRadar, Worldsensing launch unique Mining Monitoring Package

Industry-first comprehensive monitoring solution covering surface, sub-surface and geospatial monitoring

Two of the leading players in monitoring technology, Worldsensing and IDS GeoRadar, a Hexagon company, have cooperated to launch the most comprehensive mine safety monitoring system.
 
The integrated system will be the first in the world to offer surface, sub-surface and geospatial monitoring in a single package, greatly simplifying contracting and deployment. It will exploit the capabilities of Worldsensing’s Loadsensing IoT-based wireless monitoring system to reduce the cost and delay associated with traditional wired or manually read sensor networks.

The joint solution will simplify data management using HxGN GeoMonitoring Hub integrated visualisation and analysis platform, delivered through IDS GeoRadar. Mining companies, thanks to the integration of Worldsensing and IDS GeoRadar technologies, will have for the first time a single interface to a monitoring system, which now includes a wide range of wirelessly connected geotechnical and environmental sensors in addition to radar, total stations, GNSS and satellite InSAR.

“As leaders in the IoT remote monitoring space, Worldsensing invests in making Loadsensing technology compatible not only with various sensors but also with third-party software, such as HxGN GeoMonitoring Hub by IDS GeoRadar,” said Bernat Trias, Worldsensing’s director of products.

Alberto Bicci, IDS GeoRadar president, commented: “IDS GeoRadar is committed to helping customers put their data to work and we are delighted to present this software knowing that it will positively influence the mining world for years to come."

About Loadsensing by Worldsensing

Loadsensing is the leading wireless monitoring system by IoT pioneer Worldsensing. The system allows mining operators to connect and wirelessly monitor tailings dams and excavations in over 80 mines across 20 countries. Worldsensing collaborates with a variety of technology partners in the monitoring and mining industry to offer a global solution for safety monitoring and risk management in mines.

Source: IDS GeoRadar