Canadian miner McEwen Mining has entered into a definitive agreement and plan of merger to acquire all outstanding shares of Nevada-based Timberline Resources that it doesn’t already own. McEwen Mining currently owns 6.25 million Timberline shares, or around 3.3% of the company, along with 6.25 million warrants. Excluding McEwen’s existing ownership, the miner expects to issue approximately 1.84 million shares…
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Integrated Power Services to acquire ABB Industrial Services assets
IPS, which specializes in the servicing, engineering and remanufacturing of electrical, mechanical, and power management assets, has agreed to acquire assets of ABB’s Industrial Services business. The business includes a U.S. and Canadian service shop network with locations in Tucson, Ariz.; Evansville, Ind.; Charlotte, N.C.; Edmonton, Alberta, Canada; and Burlington, Ontario, Canada, employing 114 talented employees. The transaction is expected…
Read MoreBlastcrete rolls out new distribution partnership
Alabama-based shotcrete, gunite and concrete pump maker Blastcrete Equipment has created a distribution and service partnership with Italian concrete equipment manufacturer Mecbo Srl, creating Mecbo America. Mecbo America, a division of Blastcrete, will provide customers in North, Central and South America access to its products, enhance the Blastcrete offering with new models designed around Mecbo pump technology and ensure a…
Read MoreNational Mine Rescue Association marks 100 years
The National Mine Rescue Association (NMA) is celebrating a century of mine rescue in 2024, and is currently lining up some recognitions this year to mark the milestone. The NMRA was formed in Leisenring, Pa., on September 6, 1924, with charter members that included George S. McCaa, well known for the McCaa breathing apparatus. The association said it has created…
Read MoreMetso to restructure Minerals equipment division
Metso said it plans to implement structural adjustments in certain parts of its minerals equipment business to strengthen competitiveness and improve efficiency. The restructuring will lead to the loss of 240 positions. “The planned measures will address the changes in the market environment that are driven by, for example, an increasing emphasis on strategic minerals that support the energy transition,”…
Read MoreVale, Caterpillar collaborate on BE trucks, ethanol studies
Vale and Caterpillar have signed an agreement to test large battery electric trucks and energy transfer systems, as well as conduct studies on ethanol-powered trucks – initiatives aimed at the decarbonization of Vale’s mine operations. The studies, which will be conducted at Vale’s mines in Brazil, will help the miner achieve its goals to reduce scope 1 and 2 (direct…
Read MoreASI sells mining unit to Epiroc
Autonomous Solutions has confirmed the divestment of its ASI Mining business unit to Epiroc. Epiroc now holds all interest in the company after formerly having a 34% stake. The move, ASI officials said, allows it to focus on expanding its logistics, agriculture, construction, and automotive testing products. “ASI’s leading OEM-agnostic autonomy platform has propelled ASI Mining to unprecedented success in…
Read MoreUS Critical Materials to use AI in exploration activities
US Critical Materials has entered a strategic exploration alliance with VerAI Discoveries, an AI-powered mineral discovery generator focused on uncovering essential critical minerals for the sustainable future. The AI Targeting Platform technology will allow US Critical Materials to detect minerals under covered terrain and to minimize surface disturbances at its Sheep Creek rare earth properties in Montana. US Critical Materials…
Read MoreTsurumi Pump welcomes Hartz
Tsurumi Pump welcomes John Hartz as the company’s new sales engineer in early March. With over 35 years of experience in the water and wastewater industry, Hartz has joined Tsurumi’s sales team to enhance the customer experience. He will facilitate the understanding of technical product features and help develop tailored solutions to successfully meet project requirements. “Tsurumi is globally recognized…
Read MoreTalon Metals, Argonne to improve domestic battery production
The U.S. Department of Energy’s (DOE) Argonne National Laboratory has entered into a Collaborative Research and Development Agreement with Talon Metals on developing a new process to use mining waste in electric vehicle battery production. The process will use iron sulfides from Talon’s by-products in its nickel production to synthesize lithium iron phosphate (LFP) cathodes, which are increasingly used in…
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