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Scharf LEVliquid-cooled 90 kW electric motor with 655 Nm of torque, fed by a dielectric-washed 40 kWh battery, with a range of 220 km, will take you anywhere in your mine.

Endomines AB reports Appointment of interim CEO

Endomines AB started the recruitment for a permanent CEO in the summer 2021 after Marcus Ahlström, Interim CEO and CFO of the company had informed the Board that he will be stepping down in October.

The recruitment process has proceeded very well and as planned. The company anticipates being able to appoint the new permanent CEO in the beginning of 2022.

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Normet Group Oy and Hindustan Zinc Limited signed a MoU to deploy battery-powered Service Equipment and Utility Vehicle in their Underground Mining

Zinc and, Normet Group Oy, represented by Mr. Subhasis Mohanty, Vice President, India Sales Area signed a Memorandum of Understanding (MoU) to introduce Normet SmartDrive® - a modular Battery Electric Vehicle (BEV) to Hindustan Zinc with an aim to not just bring electromobility in Hindustan Zinc operations but also lead the way for decarbonizing the future of Indian mining. 

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EV supply chain majors pilot Re|Source, a blockchain solution for end-to-end cobalt traceability

Metals and mining companies CMOC, Eurasian Resources Group (ERG) and Glencore in collaboration with battery material supplier Umicore are piloting ReISource, a solution to trace responsibly produced cobalt from the mine to the electric car. A global EV pioneer and one of the world’s leading battery makers are also part of the pilot. Tested in real operating conditions, from upstream cobalt production facilities in the Democratic Republic of the Congo (DRC) to downstream electric vehicle production sites, the pilot will run until the end of 2021, with the roll-out of the final solution expected in 2022.

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Goldman Sachs, Perella Weinberg Partners top M&A financial Advisers by Value in Metals & Mining Sector for Q1 2021, TD Securities led by Volume, finds GlobalData

TD Securities was the top mergers and acquisitions (M&A) financial adviser in the metals & mining sector for Q1 2021 by volume, while Goldman Sachs and Perella Weinberg Partners jointly held the top position by value. Both Goldman Sachs and Perella Weinberg Partners advised on one deal each worth US$1.7bn, which was the highest value among all the advisers. Meanwhile, TD Securities led in volume terms having advised on three deals worth US$1.2bn. A total of 374 M&A deals were announced in the sector during Q1 2021, according to GlobalData, a leading data and analytics company.

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