Hochschild Mining has terminated its option to earn-in a 60% interest in Skeena Resources’ Snip gold project in British Columbia, Canada.
Read MoreHochschild exits Snip gold project
Category: The Headlines
Weir cuts ribbon at new Vancouver facility
Weir Motion Metrics recently opened the doors to its newest location, a manufacturing and distribution center in Vancouver, British Columbia, Canada, which it will use for manufacturing, research and development, and demonstrations.
Read MoreStrata Worldwide marks 30 years
Global safety group Strata Worldwide is marking a milestone in its history: 30 years in business. The U.S.-headquartered company, which has offices in North America, South Africa, Europe and Australia, began its journey producing roof control products but now has a product portfolio that includes proximity protection, collision avoidance technologies, a choice selection of underground communication and data networks, emergency…
Read MoreNewmont proposes Newcrest US$16.9 billion takeover
In a move to combine two of the top senior gold producers, U.S.-based Newmont has submitted a non-binding proposal to acquire 100% of the issued share capital of Australian peer Newcrest Mining by way of a scheme of arrangement. If successful, it would be the largest mining takeover and the third-largest corporate buyout in Australian history, according to Refinitiv data.…
Read MoreEpiroc to acquire CA maker Mernok Elektronikat U.S. ops
Swedish group Epiroc announced in December it will acquire South African-based collision avoidance system provider Mernok Elektronik, strengthening its presence as a global automation and safety solutions supplier, in a deal for undisclosed terms. Headquartered in Pretoria, Mernok Elektronik designs and produces EMESRT Level 9 proximity detection technologies and collision avoidance systems for both single machines and mixed fleets, and…
Read MoreSandvik, Redpath to tackle safety, costs in new pact
Sandvik and Redpath have inked a new global framework that they say will improve safety and reduce underground mining costs through technology advancements, innovation, continuous improvement projects and standardized best practices. The five-year agreement will standardize the use of equipment, leading to cost reductions and safety enhancements, and will be guided by operational and relationship key performance indicators (KPIs). Redpath…
Read MoreAnglo officially earmarks millions for First Mode zero-emissions pact
Anglo American, which in May introduced its prototype hydrogen-battery hybrid haul truck – the largest in the world –has come through with a $200 million investment to accelerate the nuGen zero emissions haulage solution (ZEHS). The miner said in December that it inked a binding agreement with First Mode Holdings that will fast-track the development and commercialization of the nuGen…
Read MoreBattery-electric push: Caterpillar invests in Lithos
Caterpillar, which has been forward in its desire to fast-track development of its electrified product line-up, said it is investing in California, U.S.-based battery technology group Lithos Energy, maker of lithium-ion battery packs for various industries. Lithos specializes in designing, engineering and manufacturing shock resistant and high-performance battery solutions; Cat said its investment will demonstrate its commitment to support customers…
Read MoreYamana Gold sale takes surprise turn
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 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…
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