13.12.2022

Hochtief honored as global industry leader for sustainability

Company achieves top ranking in Dow Jones Sustainability Index

International recognition for Hochtief's sustainable activities: S&P Global determined the highest sustainability score worldwide for the Hochtief Group in the "Construction & Engineering" sector of the Dow Jones Sustainability World Index (DJSI). Hochtief has been included in the internationally renowned index for the 17th time in a row for its performance in the areas of business/governance, environment and social issues.  

Market-Place-4.0 Epiroc Group

09.12.2022

Epiroc to acquire leading Provider of Collision Avoidance Systems for Mines

Epiroc to acquire leading Provider of Collision Avoidance Systems for Mines (Credits: Mernok)

Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has agreed to acquire Mernok Elektronik (Pty) Ltd, a South African company that provides advanced collision avoidance systems for mining companies. With this acquisition, Epiroc will strengthen its position as a world-leading provider of automation and safety solutions for mining operations.

Mernok Elektronik is headquartered in Pretoria, South Africa. The company designs and produces proximity detection technologies and collision avoidance systems of the highest level (EMESRT Level 9) applicable for either a single machine or an entire mixed fleet of machines regardless of manufacturer or type of equipment. Mernok Elektronik’s customers are primarily in Africa. The systems significantly reduce the risk of vehicle accidents, strengthening operator safety as well as productivity.

Mernok Elektronik has about 45 employees and had revenues in the fiscal year ending February 28, 2022, of approximately MZAR 80 (MSEK 50).

“Collision avoidance is critical for the mining industry to strengthen safety and productivity, and Mernok’s advanced solutions complement Epiroc’s existing equipment and automation offering well,” says Helena Hedblom, Epiroc’s President and CEO. “Together we will provide complete collision avoidance solutions to the highest industry standards to support our customers on their journey towards the safest and most optimal operations. We look forward to welcoming the dynamic Mernok team to Epiroc.”

The acquisition is expected to be completed in the first quarter 2023.

Source: Epiroc/Cision

#mergers and acquisitions #safety #traffic safety #Epiroc Group #Mining #surface mining, quarrying #underground mining #Machinery for Mining and Construction #collision avoidance

                     

09.12.2022

8th Edition of ITA Tunnelling Awards: The Winners of the 2022 Edition

The 8th edition of the ITA Tunnelling and Underground Space Awards ended yesterday. The winners in the eight categories were announced during the event that was held online.  

08.12.2022

Cancellation of Qld mine a sign of things to come: QRC

Glencore’s decision to withdraw from plans to develop a $2 billion coal project south-west of Emerald is a sign of things to come in the wake of the Palaszczuk Government’s decision to impose excessive new royalty taxes on coal producers, the Queensland Resources Council said today.  

08.12.2022

Notable millionaires invest in Swedish zinc-ion batteries that solve raw material supply challenges

•  Enerpoly's seed round raised USD 1.5 million.
•  These funds finance upcoming pilot projects that demonstrate the zinc-ion battery technology.
•  Investors hail from the financial and industrial sectors in Sweden and the USA and include tech-savvy investors, Fredrik Sidhagen and Johan Nord, as well as bankers, Eirik Winter, Malin Engman and André Rhodin