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GeoResources - Mining, Tunnelling, Geotechnics, Energy - News, Events and Journal

07.04.2020 (668 Clicks)

New Research shows Mining Industry Response to Brumadinho still weak

New research by the Responsible Mining Foundation (RMF) reveals that more than one year after the Brumadinho tailings disaster in Brazil that killed 270 people, the mining industry is still dragging its heels on the step-change measures required to prevent such catastrophic tailings failures in the future.

 

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06.04.2020 (970 Clicks)

GHH develops new MX-42 for Underground Hard Mining - First in his Class

Best of its kind: GHH developed the new MK-42 dump truck with this claim in mind. In fact, in some areas it is the first in its class.

The German manufacturer of heavy machinery for civil engineering, tunnelling and mining is considered a rock in the industry. Its roots go back to 1758.

The company separated from a former industrial conglomerate, which included giants such as MAN, Roland and MTU. It became part of the Schmidt Kranz Group, which also hosts companies such as MineMaster and Hazemag. Today, GHH is nothing less than a full-range supplier in the world of rock logistics: For almost everything that drives on wheels.

In other words, plenty of good DNA to build outstanding dump trucks. The new MK-42 is now proving its worth: up to 45,000 kg payload, 19-24 m3 dump volume, maximum drive power, great turning radius, large dumping angle and excellent ergonomics and safety.

 

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04.04.2020 (828 Clicks)

First Batch of rapid Test Kits for new Coronaviruses arrives in Brazil

Shipment of 500 thousand units has arrived today at the airport of Guarulhos

 

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04.04.2020 (805 Clicks)

ISO Certification of Normet India

Normet India has taken a step ahead to grow and sustain its business in this competitive market. With the growing business and expansion, there was a definite need to develop a system which can define and control the processes, connect the employees and management.

 

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03.04.2020 (903 Clicks)

Leading the Industry by Making the System Standard on Hydraulic Excavators introducing “KomVision Human Detection & Collision Mitigation System” to the Japanese Market

Komatsu Ltd. announced that Komatsu has launched hydraulic excavators*1 equipped with the in-house developed KomVision Human Detection & Collision Mitigation System as a standard feature for the first time in the industry in the Japanese market.

 

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03.04.2020 (818 Clicks)

Canada’s Metals & Mining Industry sees a significant Rise in Deal Activity in February 2020

Canada’s metals & mining industry saw a rise of 19.4% in overall deal activity during February 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

 

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02.04.2020 (1037 Clicks)

Review: Bauer Maschinen Group at the Conexpo-CON/AGG

Las Vegas and Shows – these two go hand in hand. Even though a lot of things were different this year due to the corona virus, the Conexpo-CON/AGG still went ahead from 10–13 March. With an area of about 2.7 million m² and over 2,300 exhibitors, the Conexpo-CON/AGG once again was North America’s largest Construction Trade Show. Bauer Equipment America, Inc., the US subsidiary of Bauer Maschinen Group also took part and, sharing a tradeshow booth with Equipment Corporation of America (ECA), presented several new developments as well as tried and tested specialist foundation engineering technology.

 

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02.04.2020 (691 Clicks)

New Vice President Membrane Solutions for Mann+Hummel

  • Marco Nava, Managing Director of Microdyn-Nadir Italy (Oltremare Membranes), becomes new Vice President Membrane Solutions at Mann+Hummel and Managing Director of the Microdyn-Nadir Group
  • Walter Lamparter, CEO of the Mann+Hummel company Microdyn-Nadir, transitions to an external advisor role
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    02.04.2020 (793 Clicks)

    Mining Machinery in Brazil receives new Life with MTU Engines from Rolls-Royce

    • Earthworks contractor U&M orders 30 MTU Series 4000 engines to repower existing fleet of mining trucks and excavators
    • New drive solution improves performance and profitability, reduces logistic burden
    • Rolls-Royce to show MTU mining solutions at Minexpo in Las Vegas (28 – 30 September 2020)
     

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    01.04.2020 (695 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.

    Greg Smith, CEO of Endomines, comments: “I am pleased to confirm the placing of our EUR 3.4 million loan facility, which allows us to continue the ramp-up of our Friday mine and mill. I want to thank the investors who participated in the loan note now issued. We have strong confidence in our prospects both in the US and Finland and are continuing to execute our growth strategy as planned.”

    Ingmar Haga, Chairman of the Boards of Endomines, comments: “Our new CEO Greg Smith together with our team has been showing great operative progress over the recent months. Owning 29.9 percent of the share capital, he is the largest single owner of the Group, and his investment into this loan, further strengthens his financial commitment into Endomines. I am delighted to see such a strong alignment of interest of the CEO and the company’s shareholders.”

    The Loan has a two-year tenor and a fixed annual interest rate of 12.0 percent. The company can choose to extend the loan with one further year at an interest rate increase of 0.25% p.a. The Loan is callable anytime at 100 percent of the nominal amount on the Company’s sole discretion. The terms and conditions of the Loan will be made available on Endomines’ webpage on or about 8 April 2020.

    Each Warrant entitles to subscription of one new share in the Company, at a strike price of EUR 0.797 during the period from 30 June 2020 until and including 30 June 2023. The warrants are granted to some of the investors at a price amounting to 0.00797 euro per warrant (total 18 000 euro). The terms and conditions of the Warrants will be made available on Endomines’ webpage following registration of the Warrants by the Swedish Companies Registration Office (the “SCRO”). If all the warrants are excersised the dilution of existing shareholders share-capital and votes by 2 percent. No Warrants will be issued with respect to loan that have been subscribed for by members of the Board or management. In order to compensate the Chairman of the Board of Endomines and the company’s CEO that have subscribed for the loan, without the right to subscribe for Warrants, it is proposed that the 2020 Annual General Meeting resolves on an additional directed issue of 2.790.000 Warrants. The complete proposal will be presented in the notice to the Annual General Meeting. Provided that all Warrants (including any warrants that may be issued to the Chairman of the Board of Endomines and the company’s CEO following a resolution of the 2020 Annual General Meeting) are exercised, 5.040.000 new shares will be issued, corresponding to 4.4 percent of the total number of the currently outstanding shares in the Company. The dilution of existing shareholders share-capital and votes will be 4.3 percent.

    UB Securities Ltd acts as the Lead Manager for the issuance of the Warrants.

    Borenius Attorneys Ltd and Advokatfirman Cederquist KB act as legal counsel to Endomines in the issuance of the Loan with Warrants.

    About Endomines

    Endomines is a mining and exploration company with its primary focus on gold. The Company explores for gold along the Karelian Gold Line in Eastern Finland and develops mining operations in Idaho, USA. Endomines aims to improve its long-term growth prospects by increasing its exploration activities and through acquisitions. Endomines aims to acquire deposits that are situated in stable jurisdictions and can be brought to production rapidly with limited investments.



    Endomines, raises, loan, facility, Finland, Idaho, USA, Mining, Gold

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    J. D. Theile GmbH & Co. KG
    Latest Articles

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