Metso Outotec is introducing yet another innovative plant concept, Flotation Plant Units, to its unique minerals processing portfolio. The solution provides unparalleled metallurgical performance by seamlessly integrating functional design with a comprehensive scope, leading to high operational reliability and a fast return on investment. Compared to the traditional delivery, Flotation Plant Units result in the earliest time-to-volume.
Akobo Minerals (Euronext Oslo – “AKOBO”), the Scandinavian-based Ethiopian gold exploration and boutique mining company, announced that its mining contractor IW Mining Pty (Ltd) has arrived at site.
The city of Fribourg secures various roads that lie below rock faces with rockfall protection barriers. To monitor the condition of these barriers, it is installing 16 GUARD monitoring devices. With the new safety concept, the city can effectively and specifically protect the routes that are well used by local recreationists.
SMT Scharf GmbH
SMT Scharf AG expects Revenue and Earnings in 2022 to exceed the Year before
- Revenue and earnings in financial year 2022 likely to exceed current market expectations
- Business in core international markets is developing better than expected
SMT Scharf AG, a world leading supplier of customized transport solutions and logistics for the mining industry, has announced that on the basis of its current forecast for financial year 2022, it expects an increase in revenue and earnings over the year before that is likely to significantly exceed present analysts’ expectations. The Management Board expects to see Group revenue in a bandwidth between EUR 86.0 million and EUR 87.0 million. In addition, the Board is also forecasting an operating profit (EBIT) between EUR 11.5 million and EUR 12.5 million.
The Management Board Chairman of SMT Scharf AG, Hans Joachim Theiß, commented: “Despite great uncertainty and volatility in the market environment due to the Russia-Ukraine conflict as well as rising inflation, business in the company's core international markets is developing significantly better than expected. In addition, thanks to our high-performing supply chain management, we have so far been successful in overcoming the challenges that continue to affect supply chains worldwide. We are also continuing to see positive market sentiment in favor of our company in China, itself an important mining market, where we are meeting demand for energy- and emissions-efficient machines with our newly developed DZK3500. Meanwhile we continue to monitor developments in Russia very closely. This year has seen high short term demand on the part of mining companies in this market which are keen to secure the necessary equipment required to mine raw materials underground. It is particularly gratifying that with our solutions in the tunnel logistics segment we have been able to contribute to the success of some pioneering projects undertaken by our customers.”
Within the framework of the Snowy Mountain 2.0 government project in Australia, SMT Scharf has developed a specific transport solution for passenger and emergency in-tunnel transportation by rail, which has now been delivered to the client. SMT Scharf is also participating in the decommissioning of the Isar II nuclear power station. A special crane has been built for this task which is based on suspension monorail technology and is being used to lift heavy concrete components of the bio-shield surrounding the reactor core.
SMT Scharf AG will publish further information regarding the development in business as well as figures for the third quarter of 2022 on November 14, 2022.
Source: SMT Scharf AG
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