Precision Pulley & Idler (PPI) has agreed to acquire Continental Global Material Handling, a portfolio company of Stellex Capital Management. Continental has been “a leader in bulk material handling for decades,” PPI said. The transaction is expected to close in the coming days. “Continental has earned its position as one of the most well-respected brands in the industry. We couldn’t…
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Thiess, Augment Technologies partner on AI-solution
Thiess has partnered with Augment Technologies to leverage the latter’s AI-driven 3D blast movement software to create a Muckpile Block Model. “With the Muckpile Block Model, we are set to revolutionise our operations in providing accurate understanding of ore loss and dilution after a blast, enabling operations upstream and downstream to make better decisions,” said Thiess in a LinkedIn post.…
Read MoreSSAB, K-Tec ink fossil-free steel pact
K.A. Group’s K-Tec has entered into a deal with SSAB that will make it the first original equipment manufacturer of heavy-duty earthmoving equipment using the latter’s fossil-free steel. Canadian-based K-Tec, which produces scrapers, said the move will advance its efforts toward eliminating carbon emissions. “As a fossil-free partner to SSAB, K-Tec will have access to pilot deliveries of SSAB Fossil-free…
Read MoreEnergyX to build U.S. lithium plant
Energy Exploration Projects, known to many as EnergyX, has confirmed its plans to build a lithium plant in the area where the states of Arkansas, Louisiana, and Texas meet. The complex, known as Project Lonestar Lithium, is the second major announcement for the Texas-based group. Its first, Project Black Giant in Chile, was established in 2023 when EnergyX acquired 90,000…
Read MoreCanada to invest $10M in critical minerals mining
Canada’s Minister of Energy and Natural Resources has announced two investments of C$5 million each to the Mining Innovation Rehabilitation and Applied Research Corp (MIRARCO) and Electra Battery Materials to support the country’s critical minerals sector. “Today’s total investment of $10 million to Electra and MIRARCO will help to advance the development of dynamic and competitive critical minerals value chains…
Read MoreBens Creek enters liquidation
Met coal mine owner Benns Creek Group has reportedly decided to liquidate its business, according to reports. Officials told Proactive Investors that it had talks with its advisers, opting for the move, and has appointed Hill Dickinson for the process. Proceedings will start immediately, as it prepares its application for the courts. The financial news service noted that a general…
Read MoreBQE Water to continue to service Raglan
BQE Water and Glencore Canada have renewed an operations services agreement for water treatment at the Raglan nickel mine in Nunavik, Quebec. BQE provides services in the Nunavik region in a joint venture with Nuvumiut Developments, an Inuit community-based organization. Under the terms of the multi-year agreement with an option to extend, the JV is responsible for clean water production…
Read MoreB2Gold delays Goose take-off to mid-2025
Miner B2Gold has confirmed that, due to a slight delay in its schedule, first gold from its Goose open-pit and underground complex in Canada, will not be seen until the second quarter of next year. Goose, located in the Back River Gold District in the northern Nunavut Territory, was originally expected to come online in the first quarter of 2025.…
Read MoreMcEwen Mining acquires remaining Timberline stock
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…
Read MoreIntegrated 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…
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