by Gordon Barratt | May 4, 2020 | News
TerraCom has moved ahead with its plans to exit Mongolia, inking a binding term sheet to divest of its Baruun Noyon Uul (BNU) coal mine for $2. Under the terms of the agreement, Singapore-based buyer Bridge Resources will also accept a net $15-million of existing...
by Gordon Barratt | May 1, 2020 | News
After receiving all the official approvals, Voith successfully completed the acquisition of ELIN Motoren GmbH on April 30, 2020. ELIN Motoren, headquartered in Austria, is a high-tech company in the field of electric motors and generators that is active worldwide and...
by Gordon Barratt | May 1, 2020 | News
Caterpillar is again hitting a significant milestone in autonomous haulage—achieving 2 billion tonnes (2.2 billion short tons) hauled using Cat® MineStar™ Command for hauling. Caterpillar has doubled the amount hauled in the 16 months since reaching 1 billon...
by Gordon Barratt | May 1, 2020 | News
The Cat® MD6250 rotary drill. Source: Westrac Thiess has collaborated with Caterpillar and WesTrac to trial autonomous drilling at the Mount Pleasant coal mine operation in New South Wales. As part of the trial, Thiess introduced a new Caterpillar MD6250 drill rig to...
by Gordon Barratt | May 1, 2020 | News
McLanahan elevated thickener – modular design allows for increased flexibility. McLanahan has assisted the most profitable gold operations in Australia to perform process upgrades for the processing plant. The company was engaged by process consultancy firm,...
by Gordon Barratt | May 1, 2020 | News
The Red Chris mine. Newcrest Mining has raised $1 billion within a day of announcing the placement. The gold miner issued more than 39 million of new shares to investors at a price of $25.60 per share. Newcrest stated that it received strong interest from local and...
