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Recent News Stories

  • WEG expands and modernises Watt Drive machinery in Markt Piesting, Austria

      WEG, a leading global manufacturer of motors and drive technology with over 30 production sites around the world, has recently competed a major investment in the modernisation of machinery at its subsidiary Watt Drive Antriebstechnik GmbH in Markt Piesting, Austria. In an initial step, the Austrian gearbox specialist has taken delivery of a new 1.1 million Euro production machine. Installation took place in early

  • Coal exports from top shipper hobbled with miners facing constraints

    Coal exports from Indonesia will be restrained this year, which could frustrate a plan by the government to ease a burgeoning trade deficit while keeping prices elevated, according to an industry group. Producers in the world’s largest shipper face an order backlog of 18 months as they can’t get hold of additional mining equipment, Pandu Sjahrir, chairman of the Indonesian Coal Mining Association, said in

  • Calls for government support for local mining

    The Chairman Lakhra of Coal Management Sindh Abdul Samad Raisani has called upon the government to promote the local mining by discouraging coal export abroad in order to save valuable foreign exchange of six million US dollar daily. Abdul Samad Achakzai along with representatives of all stakeholders said that Pakistan possessed rich mineral resources particularly coal and there is the need to utilize the huge

  • India stalling on commercial mining

      Signs are emerging that commercial coal mining in India, sans any end-use restrictions and permitting free merchant sale, will be put on the backburner, if not die a slow death altogether. Although no official acknowledgement of the same is forthcoming from any of the departments involved in opening up of the coal mining sector to private miners, the fact is that government has not

  • Malaysia shows interest in gemstone mining

      The meeting on foreign investment for lapidary and gemstone mining was concluded in Peshawar on Wednesday. M/s Strategic Swiss Partners (SSP) Dato Hisman led a two-member Malaysian business delegation on the foreign investment for lapidary and gemstone mining. The meeting was organised by the Board of Investment (BoI) and was chaired by CEO KP BoIT, Nazir Ahmad Awan, said a statement issued by BoI

  • Semmco, British engineering specialist in breathing protection

    Semmco, British engineering specialist in breathing protection, is co-exhibiting for the first time at the No Dig Live Exhibition 2018 between the 18th- 20th September with Resmar/Able Safety. The exhibition brings together the trenchless industry with exhibitors showing technological innovations and underground utilities in a live working environment. At Outside Stand 48, Semmco will be showcasing its life protection systems range, including the latest HEAD30

  • Kirkrland Lake Gold Ltd acquire shares of Osisko Mining Inc.

      Prior to the Investment, Kirkland Lake Gold held 17,921,750 Shares, representing approximately 8.58% of the outstanding Shares on a non-diluted basis. As of the date hereof, after giving effect to Investment, the Company beneficially owns 32,627,632 Shares, representing approximately 13.61% of the currently issued and outstanding Shares on a non-diluted basis. All of the securities issued in the private placement financing are subject to

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