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A collaboration for electrification

A collaboration for electrification

ABB and Komatsu have signed a collaboration agreement aimed at the development of integrated solutions to assist in making zero emissions a reality for heavy machinery. The partnership will focus on leveraging the strengths of both companies to create innovative...
Stanmore completes Eagle Downs acquisitions

Stanmore completes Eagle Downs acquisitions

Stanmore Resources has successfully completed its Eagle Downs transactions with South32 and Aquila Resources, a subsidiary of China Baowu Steel Group, the world’s largest steelmaker. The metallurgical coal supplier has acquired the remaining 50 per cent interest in...
USSM selected for potential $400m funding from Exim

USSM selected for potential $400m funding from Exim

Missouri-based US Strategic Minerals (USSM) has received a nonbinding letter of interest from the Export Import Bank of the US (Exim) for a potential debt funding package of $400-million. The funding will enable the company to advance development of its Missouri-based...
Gold steadies before US inflation data

Gold steadies before US inflation data

Gold steadied ahead of key US data prints this week, with traders focused on whether they will reinforce bets the Federal Reserve will soon pivot to monetary easing. Bullion was trading near $2 430 an ounce in Asia after falling 0.5% last week, as markets braced for...
Komatsu and Rio Tinto celebrate 300th AHS delivery

Komatsu and Rio Tinto celebrate 300th AHS delivery

Rio Tinto has accepted its 300th Komatsu autonomous haulage system – also known as AHS – truck at its Pilbara operations in Western Australia. Komatsu and Rio Tinto initially signed a memorandum of understanding in 2011 to deploy 150 AHS trucks to the Rio Tinto...
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