Cat’s Umpleby to become executive chairman; Creed elected CEO

After eight years as CEO and nearly 45 years of service, Caterpillar Chairman and CEO James Umpleby III will become executive chairman of the board, effective May 1. Chief Operating Officer Joseph E. Creed, a 28-year Caterpillar veteran, will succeed him. After assuming the role of CEO on Jan. 1, 2017, Umpleby led the development and execution of a new…

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Septentrio unveils ultra-rugged receivers

Septentrio, part of Hexagon, a leader in high-precision GNSS and GNSS/INS positioning solutions, has launched two new products: AsteRx RB3 GNSS receiver and AsteRx RBi3 GNSS/INS (Inertial Navigation System).  “RB3 and RBi3 set a new benchmark for rugged GNSS receivers, delivering unmatched durability and precision in the toughest environments,” said Silviu Taujan, product manager at Septentrio. “Designed to withstand extreme…

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Ivanhoe Electric receives financing for Santa Cruz project

Ivanhoe Electric received a Letter of Interest from the Export-Import Bank of the United States (EXIM Bank) outlining the potential to provide up to $825 million in debt financing for the development of the Santa Cruz copper project in Arizona. The project aligns with the EXIM Bank’s Make More in America initiative, which is intended to increase the United States’…

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Piedmont-Sayona merger forms Elevra Lithium

Upon completion of the Piedmont Lithium and Sayona Mining merger announced last November, the combined North American lithium business will be named Elevra Lithium. The board of directors of Elevra Lithium will consist of four Piedmont nominees from Piedmont’s current board (including the chair designate of Elevra) and four Sayona nominees from its current board (including the current managing director…

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