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Update on Subpoena from United States Department of Justice

On 3 July 2018, Glencore announced that a subsidiary had received a subpoena from the United States Department of Justice (the "DOJ") to produce documents and other records with respect to compliance with the Foreign Corrupt Practices Act and United States money laundering statutes. The requested documents relate to the Glencore Group's business in Nigeria, the Democratic Republic of Congo and Venezuela from 2007 to present.

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EU Project NEXT (New Exploration Technologies) started

On 23 and 24 May 2018, the research project Next, financed by the European Union as part of the Horizon 2020 Research and Innovation programme, started with a kick-off meeting in Rovaniemi, Finland. Next will develop new geomodels, novel sensitive exploration technologies and data analysis methods, which together are fast, cost-effective, environmentally safe and potentially more socially accepted.

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Endomines’ Friday Mine Project in Idaho, USA, reaching anticipated Milestones

Endomines reports good progress on construction and commissioning activities at its Friday mine project in Idaho, USA. The project continues to advance in line with the original expectations regarding both timetable and budget and has reached several development milestones in accordance with the project plan. The announced target timetable is to start up the mine within a year from the acquisition, i.e. by the end of February 2019, and the project budget is USD 7.7million.

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Epiroc Trading on Nasdaq Stockholm started

The shares of Epiroc AB, a leading productivity partner for the mining, infrastructure and natural resources industries, has started trading on Nasdaq Stockholm yesterday. This marks the start of Epiroc as a fully independent company following its separation from the Atlas Copco Group.  

“It is very exciting for us to now be listed on Nasdaq Stockholm and to start the journey as an independent company,” said Per Lindberg, Epiroc’s President and CEO. “We are proud of our long and productive heritage in the Atlas Copco Group, and at the same time we look forward to serving our customers in an even more focused way and to deliver customer and shareholder value.”

The Annual General Meeting of Atlas Copco AB decided on April 24, 2018, to distribute all shares of Epiroc AB to the shareholders of Atlas Copco AB. Atlas Copco shareholders have received one Epiroc share for each of their Atlas Copco shares. The total number of outstanding shares in Epiroc AB is 1 213 738 703, whereof 823 765 854 A shares and 389 972 849 B shares.

Epiroc serves customers in the mining, infrastructure and natural resources industries in more than 150 countries. The company focuses on providing equipment, services and solutions that enhance productivity, safety, and cost efficiency for its customers – for instance, Epiroc is advancing the drive toward fossil-free mines with its growing fleet of battery-operated mining vehicles, and it is at the forefront of automation solutions for the industry.  

Source: Epiroc

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Cimic's CPB Contractors wins Mining Infrastructure Works in Australia

Cimic Group company, CPB Contractors, has been selected by BHP Iron Ore to deliver the construction of bulk earthworks, concrete and underground services for the South Flank project in Western Australia’s Pilbara region. Revenue to CPB Contractors for this construct-only contract is approximately $260 million, with construction scheduled to commence in July and conclude in September 2020.

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Paus and Danfoss electrify Mine Vehicles

 

  • Cooperation of Paus Maschinenfabrik from Emsland with Danfoss Mobile Electrification
  • Universal vehicle MinCa 5.1 with electric and hybrid drive available
  • Health protection for miners through emission-free electromobility / Cost reduc-tion through lower fuel and ventilation costs
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Ground breaking Technology for top Hammer Drilling Monitoring

RockPulse™, a new technology and product introduced by Sandvik Mining and Rock Technology, is the first practical solution for real-time tool stress monitoring in top-hammer drilling. The add-on system integrates directly with the rock drill and its control system, and can be used for drilling process optimization in varying rock conditions. This also helps to reduce the stress fatigue of drilling tools. RockPulse offers significant potential to improve overall drilling performance, by as much as 5 %.

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New Potential in Latin America

 

SSAB Special Steels is aiming for 1.35 million tonnes of shipments by 2020. Part of this will come from upgrading but expanding sales in emerging markets will also play an important role in achieving this aim. Latin America is one potential geographical area for growth. We want to maintain and strengthen our position as the global leader in wear, structural, protection and tool steels as well as in related value-added services.

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Significant approval from Shareholders at AGM of SMT Scharf AG

SMT Scharf AG, one of the worldwide leading providers of underground transportation solutions and logistics systems, has today successfully held its Ordinary Annual General Meeting (AGM) 2018 at the Werkstatthalle in the Maximilianpark Hamm. The presence of the represented share capital amounted to approx. 43%. All agenda items were approved. 

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