by Gordon Barratt | May 4, 2020 | News
Westpac has promised to stop supporting thermal coalmining, joining other major financial institutions in promising it will not back the fossil fuel industry through investments or loans beyond 2030. It leaves ANZ as the only big Australian bank not to have pledged to...
by Gordon Barratt | May 4, 2020 | News
The 6.6 gigawatt Hamrawein coal power proposal in Egypt has been shelved because of over-capacity concerns and a growing preference for renewable energy. Hamrawein was a proposal led by a consortium of China’s Shanghai Electric, Dongfang Electric and Egypt’s Hassan...
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...
