Citing financial and operational challenges – and just weeks after announcing it would slow down operations at the mine due to technical, mechanical and procurement issues – Monarch Mining has confirmed it is suspending mining at the Quebec gold mine and is placing it on care and maintenance. Monarch officials said the halt will be for an “undetermined period” and…
Read MoreThe National Mining Association (NMA) has elected Coeur Mining’s Mitchell Krebs as the chairman of its board of directors. Krebs, who is Coeur’s president and CEO, was appointed this month after already serving on the board in a number of leadership positions including the executive committee, finance committee chair and the founding chair of NMA’s Environmental, Social and Governance (ESG)…
Read MoreCanadian-based data extraction and telemetry management company Symboticware has acquired deep-learning Natural Language Processing (NLP) artificial intelligence developer Palifer in a deal the former said will prevent unscheduled downtime for users. Use of Palifer’s AI, Symboticware officials said, will also prevent unsafe incidents stemming from equipment failure and also optimize maintenance for customers. Palifer, a start-up, is backed by accelerator…
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McLanahan Corp. has completed the acquisition of CMB International Limited, a manufacturer of crushers, horizontal screens, inclined screens, feeders and conveyors based out of Leicestershire, United Kingdom. CMB International was founded in 1996 by Martin Brough and Julie Smith, who brought on Chris Hall as a partner a few years later. For more than 25 years, the company has focused…
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Global miner Gold Fields has agreed to acquire Canadian-based Yamana Gold in an all-share deal that values the latter at US$6.7 billion. The transaction will make Gold Fields a top-four global gold major. Gold Fields said on June 1 that the acquisition significantly strengthens its ability to deliver on its three strategic pillars: maximizing asset potential, advancing ESG commitment, and…
Read MoreSandvik confirmed April 4 that it had completed its takeover of mine planning software group Deswik, a transaction it first announced in December 2021. The OEM said Deswik will be part of its newly formed division, Digital Mining Technologies, under its Sandvik Mining and Rock Solutions business umbrella. Last year, Sandvik said Deswik would fill a value chain gap in…
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Independent nonprofit industry advocacy group The Coalition for Eco Efficient Comminution (CEEC) has introduced a new podcast series on the topic of mining sustainability, which listeners can download free of charge. Entitled CEECing Change – the Podcast where Industry Collaborates on Eco-efficient Minerals, the series has been created for those interested in sustainability with each episode featuring interviews with individuals…
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Brazilian producer Vale reportedly signed a new long-term agreement in May with Tesla that will send nickel from its mines in Canada to the vehicle maker for EV production. According to a Reuters report, Vale said in a securities filing that it would supply low-carbon Class 1 nickel under its mission to increase its presence in the EV industry, though…
Read MoreThe Copper Mark and the Responsible Minerals Initiative (RMI) have jointly said that they have opened a public consultation period for its draft Risk Readiness Assessment (RRA) and revised Criteria for Responsible Minerals and Metals. The consultation period is open from May 2 to July 1. With the revision, the two groups are hoping to get the RRA to be…
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Schenck Process, a global company for sustainable, integrated measuring and process technology solutions, has signed an agreement for the sale of its Mining business to Swedish engineering group Sandvik. Upon completion of the transaction, which is expected to be in the second half of 2022, the acquired mining unit will be integrated into Sandvik’s Rock Processing Solutions business area. Schenck…
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