A shock new report confirms the Queensland Government’s decision to impose the world’s highest royalty taxes on coal producers has hit the resources sector for six, with all commodities feeling the pain.
The Queensland Government’s approval today of mining leases for New Hope Group’s New Acland Stage 3 coal mine project has been welcomed by the Queensland Resources Council (QRC).
Endomines report drill results from the underground core drilling program carried out in the spring/summer 2022 at the Pampalo Gold Mine in Finland. The drill program consisted of fifty tree (53) diamond drill holes for a total of 4 330 m.
Epiroc signs Agreement to acquire South African Mining Equipment Manufacturer
Epiroc signs Agreement to acquire South African Mining Equipment Manufacturer (credits: AARD)
Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has signed an agreement to acquire AARD Mining Equipment, a South African mining equipment manufacturer.
AARD, based near Johannesburg, South Africa, designs, manufactures, services and supports a wide range of mining equipment, specializing in low-profile underground machines for mines with low mining heights. The high-quality products include drill rigs, bolters, loaders, scalers, and more. The company’s customers are mainly in the Southern Africa region. AARD has approximately 200 employees and had revenues in the fiscal year ending June 30, 2022, of about MSEK 650.
“AARD has reputable and reliable products that complement our underground product portfolio well,” says Helena Hedblom, Epiroc’s President and CEO. “This acquisition will further strengthen our growth ambitions in Africa and beyond. We are looking forward to welcoming the great team at AARD to Epiroc.”
"We are excited about the prospect of continuing to grow the business within the Epiroc Group," says Mike Adendorff, AARD’s CEO.
The acquisition is expected to be completed in the next few months. The transaction contains conditions normal for transactions of this nature, including regulatory approval from the competition authorities. The transaction is not subject to a disclosure obligation pursuant to the EU Market Abuse Regulation.
Skilled professionals in our geotechnical, tunnelling, mining and raw materials sectors make an important contribution to sustainable and fair living conditions....
GeoResources Journal 2-2023 is dedicated to the main topic areas of mining, tunnelling, geotechnics and energy, as well as the special topic: Focus on raw material security and supply chain....
Focus on Raw Materials Security and Supply Chains - now is the Time for Creativity, Courage and Energy
Technical expertise and creative ideas have now become essential for raw materials security and efficient supply chains. So read on and be inspired....
28.11.2023 - 30.11.2023
12.12.2023 - 13.12.2023
14.12.2023 - 15.12.2023
14.12.2023 - 15.12.2023
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27.11.2023 (220 Clicks)
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