20.12.2022

Final agreement signed with Hatch and Sweco as Project Management Consultant for the Engebø project in Norway

Nordic Mining has, through its wholly owned subsidiary Nordic Rutile AS, signed the final agreement with the leading engineering companies Hatch and Sweco as Project Management Consultant (“PMC”) for the Engebø Rutile and Garnet project.  

Market-Place-4.0 GHH Group Komatsu Group

20.12.2022

Komatsu announces plans to acquire German-based manufacturer GHH Group GmbH

Komatsu announces plans to acquire German-based manufacturer GHH Group GmbH (Credits: GHH)

Move will bolster the company’s offerings and support for customers in underground hard rock and industrial minerals

Komatsu today announced that it has entered into an agreement to acquire GHH Group GmbH (GHH), a manufacturer of underground mining, tunnelling and special civil engineering equipment headquartered in Gelsenkirchen, Germany.
Founded in the 1960s and currently part of the German-owned Schmidt Kranz Group, GHH offers a wide range of equipment focused on loaders (LHDs) and articulated dump trucks in the mid-seam mass mining, narrow vein and low-profile market segments The company also supports customers with aftermarket parts and service support through the entire life of each machine. With this acquisition, Komatsu will add GHH’s factories and rebuild facilities in key markets, in addition to its robust product offerings and talented staff
“We are very excited about this acquisition as it represents a great opportunity for Komatsu to expand its offerings for underground mining equipment and accelerate new product development through synergies with Komatsu’s existing team and product offerings,” said Peter Salditt, president and CEO, Komatsu Mining Corp. “By adding GHH’s factories and rebuild facilities in key markets in Europe, South Africa, India and Chile. We also aim to strengthen production and service capabilities for our customers.”

Komatsu intends to continue the excellent service GHH provides and plans to support business as usual post-acquisition. The combined team will then work together to expand Komatsu’s offering for underground mining equipment and increase customer access to products in new territories.
“GHH is excited to be able to start a new journey with a strong player in the mining world. This opens huge doors for our people and our products to develop further and grow beyond what we could have hoped for,” said GHH Group CEO Dr. Jan Petzold. “This is the next logical step in becoming a true global player and we look forward to becoming part of the Komatsu family”.
The official close of the acquisition is projected for the first half of 2023.  
Per the company’s ongoing mid-term management plan “DANTOTSU Value - Together, to ‘The Next’ for sustainable growth,” Komatsu is working to expand offerings for underground hard rock mining, creating new value for customers with the development of new equipment, processes and technologies that will help operations step forward to the next stage for the workplace of the future and provide a more sustainable environment for the next generation.

About Komatsu

Komatsu develops and supplies technologies, equipment and services for the construction, mining, forklift, industrial and forestry markets. For a century, the company has been creating value for its customers through manufacturing and technology innovation, partnering with others to empower a sustainable future where people, business and the planet thrive together. Front-line industries worldwide use Komatsu solutions to develop modern infrastructure, extract fundamental minerals, maintain forests and create consumer products. The company's global service and distributor networks support customer operations to enhance safety and productivity while optimizing performance.

Source: Komatsu and GHH Group

#underground #mergers and acquisitions #Germany (DE) #Komatsu Group #GHH Group #Mining #Tunnelling #Geotechnics #special civil engineering #Machinery for Mining and Construction #loaders (LHD) #trucks, dumper

                     

20.12.2022

Sika opens new Plant in Southwestern China

Sika is opening a new plant for liquid membranes and mortar production in Chongqing, a city in southwestern China with 30 million inhabitants.  

19.12.2022

Akobo Minerals continues rapid Development of the Segele Mine

Akobo Minerals (Euronext Oslo – “AKOBO”), the Scandinavian-based Ethiopian gold exploration and boutique mining company, today provided an update on its activities to develop the Segele Gold Mine.
Following the recent announcement of the discovery of the third mineralisation style, Akobo’s efforts to develop the Segele mine are driving ahead at pace. The surface mining operations are underway, the process plant parts have started arriving and many designs are nearing completion.  

19.12.2022

Metso Outotec to deliver Technology for the Keliber Lithium Project

Sibanye-Stillwater’s subsidiary Keliber has partnered with Metso Outotec to provide its sustainable soda pressure leaching technology for Keliber’s lithium hydroxide refinery, which will be built in Kokkola, Finland. Keliber owns the advanced lithium project located in the Kaustinen region of Finland, which intends to be one of the first integrated operations in Europe to sustainably produce battery-grade lithium hydroxide utilising its own ore.