by Gordon Barratt | Aug 4, 2022 | News
Orica has moved to acquire all of the share capital in the entities that own Axis Mining Technology for $260 million in cash. In addition, a deferred earn-out payment up to a maximum $90m is payable based on Axis’ cumulative EBITDA generated from October 1, 2022,...
by Gordon Barratt | Aug 4, 2022 | News
August 3, 2022News Today, the capability and reach of artificial intelligence (AI) is continually expanding as the technology grows in complexity. As a result, mining engineers are faced with new challenges as they are tasked with integrating AI into systems. Part of...
by Gordon Barratt | Aug 3, 2022 | News
Mining solutions provider Orica has announced the acquisition of digital orebody intelligence business Axis Mining Technology for up to A$350-million. The acquisition price would comprise an up-front cash component of A$260-million and a deferred earn-out payment of...
by Gordon Barratt | Aug 3, 2022 | News
General Motors is prepaying Livent $198-million for a guaranteed six-year supply of lithium, a deal that reflects the auto industry’s rising worry about a tightening market for the electric vehicle battery metal. Prepaying cash for a guaranteed metal supply is...
by Gordon Barratt | Aug 3, 2022 | News
Cortez comprises a series of openpit and underground mines. US-based Royal Gold announced the $525-million acquisition of a sliding-scale gross royalty on an area including the Cortez mine and Fourmile development project in Nevada, from Rio Tinto subsidiary Kennecott...
by Gordon Barratt | Aug 3, 2022 | News
Advantec, a globally recognised manufacturer, has expanded its range of products with the new TDR 140 roadheader, which has been specifically adapted for tunnelling requirements. First introduced to the German market to wide acclaim, the TDR 140 is expected to be well...
