13.01.2023

Normet continues to invest in Electrification Technology and becomes a Minority Shareholder of Finland-based Startup Lekatech

The topic of sustainability has moved sharply into focus for all sectors around the world. Faced with the looming climate crisis, awareness of sustainable development has come to the fore and made its way into the underground mining and tunnelling industry. Normet is committed to sustainable development and is leading transformation into digitalised and sustainable underground mining and tunnelling.  

12.01.2023

Europe’s largest Deposit of Rare Earth Metals is located in the Kiruna Area

LKAB has identified significant deposits of rare earth elements in the Kiruna area, metals which are essential for, among other applications, the manufacture of electric vehicles and wind turbines. Following successful exploration, the company today reports mineral resources of rare earth metals exceeding one million tonnes of rare earth oxides and the largest known deposit of its kind in Europe.  

Market-Place-4.0 FLEXCO Europe

11.01.2023

FLEXCO Europe – the Elevate IoT platform continuously monitors conveyor belts in real time

FLEXCO Europe – the Elevate IoT platform continuously monitors conveyor belts in real time (credits: Flexco)

FLEXCO has developed the Elevate IoT platform – an intelligent Industry 4.0 solution that enables conveyor belt operators to monitor their belts in real time. Operators can access this easy-to-use platform that simplifies and accelerates maintenance using data-based decisions. It even prevents system downtimes by taking preventive action.

If conveyor belts fail unexpectedly in mines or cement plants, it can prove expensive for plant operators because all operations simply come to a standstill. All is not lost, however – Flexco’s Elevate provides the right solution to reduce and even avoid such downtimes thanks to its holistic monitoring system.

Until now, employees checked the on-site condition of the conveyor belts and their components, such as belt cleaners. If they could discover the problem, they waited for the service team – and spare parts. Valuable time passed before the system could be made operational again. This check often involved an inspection of the entire conveyor line, which was time-consuming and dangerous because the technicians sometimes had to squeeze into tight spaces to inspect the systems. However, FLEXCO Elevate now enables conveyor belt operators to act proactively instead of reactively, increasing their efficiency.

Collecting data, understanding the situation, deciding on measures

The platform data is obtained via Elevate devices attached to conveyor belt cleaners. The devices connect to the cloud via Wi-Fi or cellular at the push of a button, so cables are not required. When installing the devices on site, users can enter all the conveyor belt specifications on an app they can install on their mobile phones or tablets. Installation, commissioning, and monitoring procedures are fast and easy to handle.

The app transfers all the data to the cloud, so the inputs can also be seen on the i3 dashboard. The responsible employee receives warnings and notifications via this digital dashboard with its intuitive operation: Have any malfunction signals occurred? What is the current position and wear of the conveyor belt cleaner? When should the next maintenance job be carried out? Technical data regarding the conveyor belt system or the running times of the belt and belt cleaners is also available.

Thanks to all this data, operators can make well-founded decisions in good time and decide on any measures that may be necessary. For example, in the event of a malfunction signal that involves a proactive belt inspection on site, operators can remedy problems at an early stage and not simply react after a severe malfunction has already occurred.

The performance of the belt cleaners and the condition of the conveyor belt can be assessed at any time and from anywhere, so there’s no need to send for service technicians. The Elevate system can also optimize maintenance work, so these tasks can be planned in more detail and carried out more efficiently. The system gives the operator an overview of all the essential data, enabling him to plan his resources much more efficiently.
The Elevate system starts collecting data and providing information immediately after it’s commissioned, increasing efficiency and added value from day one!

Source: Flexco

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09.01.2023

Grangex: Strong Interest for Dannemora’s high-quality Iron Ore Concentrate

Grängesberg Exploration Holding AB ("GRANGEX") has appointed Swedbank AB and SpareBank 1 Markets AS as financial advisors for the project financing of the restart of the Dannemora iron ore mine, as well as the build-up of the circular apatite project in Grängesberg.  

09.01.2023

Normet acquires Finland-based Boom Systems Manufacturer Rambooms and hydraulic Attachments supplier Marakon

Normet has agreed to acquire Rambooms Oy, a manufacturer and supplier of rock breaker boom systems, and Marakon Oy, a supplier of hydraulic hammers and excavator attachments for the construction, crusher and mining industries.