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07.04.2020 (673 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.

06.04.2020 (990 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.

04.04.2020 (838 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

04.04.2020 (826 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.

03.04.2020 (916 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.

03.04.2020 (834 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.

A total of 43 deals worth $430.73m were announced in February 2020, compared to the 12-month average of 36 deals.

M&A was the leading category in the month in terms of volume with 40 deals which accounted for 93.02% of all deals.

In second place was private equity with two deals, followed by venture financing with one transactions, respectively accounting for 4.7% and 2.3% of overall deal activity in the country’s metals & mining industry during the month.

In terms of value of deals, M&A was the leading deal category in Canada’s metals & mining industry with total deals worth $309.99m, while private equity and venture financing deals totalled $120.59m and $0.15m, respectively.

Canada metals & mining industry deals in February 2020: Top deals

The top five metals & mining industry deals accounted for 92.3% of the overall value during February 2020. The combined value of the top five metals & mining deals stood at $397.35m, against the overall value of $430.73m recorded for the month. The top five metals & mining industry deals of February 2020 tracked by GlobalData were:

• Ontario Teachers’ Pension Plan’s $300m private equity deal with New Gold
• The $49.13m asset transaction with Yamana Gold by Guerrero Ventures
• Tunghsu Group’s $23m acquisition of The Kami MinePartnership
• The $15.13m acquisition of Otis Gold by Excellon Resources
• Alexco Environmental Group- Management Team’s acquisition of Alexco Environmental Group for $10.09m.

Source: GlobalData

                     

02.04.2020 (1139 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.

02.04.2020 (703 Clicks)

New Vice President Membrane Solutions for Mann+Hummel

02.04.2020 (806 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)

01.04.2020 (714 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.