11.08.2023

Haver & Boecker Niagara opens Service Center in Brazil

Haver & Boecker Niagara recently opened a new service and support facility in Parauapebas, Brazil. The company welcomed clients, partners, friends, local community and city authorities to the grand opening celebration. The 43,055-square-foot (4,000 square-meter) facility provides service and support for mining operations throughout the region through cutting-edge diagnostics, equipment refurbishment, parts stocking and more.  

10.08.2023

K+S: Figures for G2 and H1 2023 - Positive impetus for the second half of the year prevails

K+S generated revenues of just under €826 million in the second quarter of the current year, following a record figure of €1.5 billion in the prior-year quarter. EBITDA operating earnings reached €24 million (Q2/2022: €706 million).  

Market-Place-4.0 SMT Scharf GmbH

09.08.2023

SMT Scharf AG publishes preliminary H1 2023 results

SMT Scharf AG publishes preliminary H1 2023 results (credits: SMT Scharf)

• Consolidated revenue of EUR 31.7 million on a preliminary basis
• Operating result (EBIT) of EUR -1.8 million
• New FY 2023 guidance: Consolidated revenue of EUR 73 million and EBIT of EUR  3.3 million   

SMT Scharf AG (WKN A3DRAE; ISIN DE000A3DRAE2), a leading global provider of customised transport solutions and logistics systems for underground mining, generated consolidated revenue of EUR 31.7 million during the first six months of the 2023 fiscal year on the basis of preliminary figures (H1 / 2022: EUR 37.5 million).

One of the reasons for the lower revenue level is the fact that finished products held at subsidiaries had not yet been delivered to end customers and for this reason could not yet be recognised as revenue. On a preliminary basis, the result from operating activities (EBIT) slipped into negative territory in the first half of 2023 at EUR -1.8 million, compared with EUR 7.0 million in the same period of the previous year. In addition to the significant year-on-year reduction in revenue, earnings in the reporting period were also impacted by currency losses.

On the basis of the preliminary results for the first half of 2023, the Managing Board now expects consolidated revenue of EUR 73 million and negative EBIT of EUR -3.3 million for 2023. In the 2022 annual report, the company originally announced that consolidated revenue of EUR 83 million and EBIT of EUR 1.2 million were expected for the 2023 fiscal year.

Hans Joachim Theiss, CEO of SMT Scharf AG, comments: “SMT Scharf continued to be confronted with challenging market conditions in underground mining in the first half of 2023. Demand for modern mining technology was subdued overall in our international core markets. While our New Equipment business was down in the first half of the year – partly due to high levels of finished products at subsidiaries that still have to be delivered to end customers – our After-Sales business posted significant growth in the first six months of 2023. The trend in our important sales market of Poland is encouraging, where a politically directed commitment to coal mining is boosting demand for mining machinery. SMT Scharf is well positioned in the Polish market, such as with the D66 Vario diesel cat, which features an innovative control system. For the second half of the year, we still see catch-up potential for both revenue and earnings, so that our full-year results could turn out to be better than we currently expect.”

Source: SMT Scharf AG

#hard coal mining #stock market #economy #mining economy #mining suppliers #SMT Scharf GmbH #Mining #Tunnelling #underground mining #floor-mounted railway systems #monorail hanging railways

                     

09.08.2023

Beach Energy Limited - Board Changes

Beach  Energy Limited (ASX:  BPT,  Beach) advises  that  it  has  today  appointed  Mr  Brett  Woods  as  Managing Director and Chief Executive Officer (MD & CEO) to commence 21 February 2024 or such other date as mutually agreed.  

09.08.2023

Akobo Minerals signs refinery agreement with Swiss-based MKS PAMP

Akobo Minerals AB, the Scandinavian-based Ethiopian gold exploration and boutique mining company, today announced that it has signed an agreement with MKS PAMP for a range of gold refinery-related services. The company - one of the most respected precious metals industry players - is an independently operated precious metals refining and fabricating company and part of the MKS PAMP GROUP.