The year 1974 saw a breakthrough in steelmaking when steelmaker SSAB introduced the world’s first bendable wear plate. A unique combination of hardness and toughness helped to solve the issue of brittleness in conventional abrasion-resistant steels, which were nearly impossible to bend and could not withstand heavy impact in use. In 1983, SSAB’s mill in Oxelösund, Sweden, created a truly…
Read MoreDay: February 12, 2025
Piedmont Lithium, Sayona Mining to merge
Piedmont Lithium and Sayona Mining have signed a definitive agreement to combine the two companies and create a leading North American lithium business. Sayona will be the ultimate parent entity. “This merger combines two complementary businesses and will create a larger and stronger company. MergeCo will be North America’s largest lithium producer and will have an attractive growth profile with…
Read MoreNewmont offloads Musselwhite, Éléonore
In the final months of 2024, Newmont agreed to sell two of its gold mines as part of a plan to divest its non-core assets. Newmont has agreed to sell its Musselwhite gold mine in Ontario, Canada, to Vancouver-based Orla Mining for up to US$850 million in total consideration. Musselwhite is a fly-in, fly-out operation located approximately 500 kilometers north…
Read MoreIt’s on us now
The people have spoken, and this time it was those recently polled by Maru Public Opinion on behalf of the National Mining Association (NMA). The results of the group’s canvass are an echo of what an overwhelming balance of the mining industry are likely feeling at the moment: it’s time for overregulation to end and for support of domestic mining…
Read MoreCummins acquires First Mode assets
Cummins’ Generators and Power Systems arm confirmed February 11 that it has acquired the assets of mining and rail power retrofitter First Mode. The OEM’s officials said the purchase, the financial details for which were not disclosed, includes the latter’s hybrid mining and rail product lines, and the full IP portfolio which includes hydrogen and battery powertrain solutions. This technology…
Read MoreBritish Columbia fast-tracks 18 mining and energy projects
In the face of ongoing tariff threats from the United States, the British Columbia government said it is working to accelerate 18 critical mineral and energy projects worth roughly $20 billion, reported The Canadian Press. Premier David Eby said that the government was expediting some projects to diversify the economy, assuming there would be “four years of continual on-and-off tariff…
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