With its Arizona proving grounds outside Tucson, Ariz., serving as a backdrop, Caterpillar has demonstrated its first battery-electric 793 model large mining truck as it announced an investment into the campus as a sustainable testing and validation hub of the future. The development of the 793 prototype came with support from key mining customers participating in Caterpillar’s Early Learner program.…
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Round Mountain going down
Kinross revealed during its third-quarter earnings report that it has completed the optimization program for its Round Mountain operation in Nevada and has decided to extract using underground methods instead of advancing an expansion plan for its open-pit workings. The optimization program evaluated four primary options: a Phase S open-pit pushback, Phase W3 open-pit pushback, Phase X underground, and Gold…
Read MoreCoeur unloads Crown and Sterling assets
The transaction to sell U.S.-based Coeur Mining’s Crown and Sterling holdings in Nevada to a subsidiary of AngloGold Ashanti has closed. Under the terms of the previously announced deal, Coeur received cash consideration of $150 million at closing. The precious metals producer will receive an additional deferred cash consideration of $50 million upon Crown Sterling attaining a total resource of…
Read MoreCR Minerals, Rio Tinto to produce pozzolans from waste materials
Texas-based CR Minerals has reached an agreement with miner Rio Tinto for the production of pozzolans from waste materials at the latter’s U.S. Borax facility in Boron, Calif. CR Minerals intends to use waste tailings present onsite to produce pozzolans that can be used as a cement replacement in concrete. The pozzolans will be manufactured at a new facility to…
Read MoreASCO joins western U.S. Hitachi dealer network
Associated Supply Co. (ASCO) is now representing mining and construction products for Hitachi in the U.S. states of Texas and Oklahoma after joining the OEM’s dealer network. The 60-year supplier for both industries said November 9 it had been awarded the sales and service territory recently by Hitachi Construction Machinery Americas. The company also offers CASE Construction Equipment, CASE IH,…
Read MoreIRA extends black lung funding permanently
The Inflation Reduction Act of 2022, signed into law by President Biden on August 16, helps to secure federal pneumoconiosis (black lung) benefits for miners with black lung disease and their families. “Generations of coal miners who sacrificed so much to power our country can rest assured that their benefits are not in jeopardy,” the Department of Labor said in…
Read MoreSwanson Industries acquiring Tiefenbach
Hydraulics supplier Swanson Industries has acquired majority ownership of Tiefenbach North America, effective October 31. The company confirmed the deal November 4 but did not disclose financial details. Tiefenbach Control Systems (TCS) will retain minority interest in TNA. Established in 2000, West Virginia-headquartered Tiefenbach North America is a leading supplier of hose, fittings and hydraulic components for longwall systems to…
Read MoreBidding war erupts for Yamana Gold
Canadian-based Yamana Gold confirmed on November 4 that it received an “unsolicited binding proposal” from Agnico Eagle Mines and Pan American Silver that was superior to a previous takeover bid from South African miner Gold Fields. The joint cash and stock offer from Agnico Eagle and Pan American valued Yamana at around $4.8 billion, while the Gold Fields all-stock deal…
Read MoreLiuGong expands North America dealer network
LiuGong North America recently added Atoka, Okla.-based APEX Equipment Inc. to its expanding dealer network. The dealership covers a territory that spans from Oklahoma to southern Arkansas and northeast Texas. It offers equipment for applications, including construction, mining, quarry and material handling. LiuGong North America President Andrew Ryan said the partnership with APEX Equipment will continue to strengthen its dealer…
Read MoreCanada forces Chinese firms to divest from lithium miners
Canada has ordered the Chinese investors of three junior lithium explorers to divest from the Canadian companies, citing national security concerns, reported Reuters. The news agency said that Canadian Industry Minister Francois-Philippe Champagne ordered the divestitures after “rigorous scrutiny” of foreign firms by Canada’s national security and intelligence community. Sinomine (Hong Kong) Rare Metals Resources was asked to sell its…
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