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Molycorp’s $89m deal for AS Silmet doubles REO production capacity
The US$89 million shares-and-cash acquisition of Estonia's AS Silmet by Colorado's Molycorp means both rare earth companies "will be able to take advantage of the very robust price situation in the market right now," Molycorp CEO Mark Smith said during a conference call with analysts Monday.
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U.S. Department of Justice clears Cat acquisition of Bucyrus
aggregates manager | May 23, 2011The United States Department of Justice (DOJ) has closed the investigation into Caterpillar Inc.’s planned acquisition of Bucyrus International and cleared Cat to move forward. The DOJ action, in addition to the expiration of the Hart-Scott-Rodino Act waiting period, concludes the antitrust review process in the United States. Read more
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AMEC to buy MACTEC
Andrew Topf | May 19, 2011AMEC announced today that it has agreed to buy MACTEC, a leading US engineering and environmental services company, from its private equity and other individual shareholders for a cash consideration of US$280 million. Completion is subject to regulatory approval and is expected by the end of June 2011. Read more
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Caterpillar, in biggest deal of its history, to buy Bucyrus International
International Mining | November 15, 2010Caterpillar clearly believes in a strong future for the mining industry. It and Bucyrus International have entered into an agreement under which Caterpillar will acquire Bucyrus International in a transaction valued at about $8.6 billion (including net debt). Read more
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SMS Equipment Inc and JADCO Manufacturing Inc. sign distribution agreement to expand presence in Canada
infomine - mining equipment and supplier news | October 18, 2010“SMS is excited to be partnering with Jadco, a leading manufacturer of wear products.” says Lindon Petty, Jr., SMS’s General Manager of Product Support. “We know that both parties will benefit due to SMS's strong distribution network right across Canada and Jadco's …
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Bucyrus to deliver India’s first highwall miner for Cuprum Bagrodia coal operation
International Mining | May 17, 2010Bucyrus has received an order for a highwall miner from India – the first technology of its kind in the country. The machine will be operated by Cuprum Bagrodia (CB) of Kolkata at SECL's Sharda OC project and is expected to commence operation during the Q4, 2010. The operation contains multiple horizontal coal seams with [...]
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Bucyrus to deliver India’s first highwall miner for Cuprum Bagrodia coal operation
International Mining | May 17, 2010Bucyrus has received an order for a highwall miner from India – the first technology of its kind in the country. The machine will be operated by Cuprum Bagrodia (CB) of Kolkata at SECL's Sharda OC project and is expected to commence operation during the Q4, 2010. The operation contains multiple horizontal coal seams with [...]
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AngloGold Ashanti Selects Modular Fleet Management
infomine - mining equipment and supplier news | April 20, 2010Modular Mining Systems, Inc., the world leader in information management solutions for mining operations, announces that AngloGold Ashanti (AGA) has selected Modular as the global supplier of fleet management systems. In November 2009, AGA signed a Master Agreement positioning Modular …
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Bucyrus boosts earnings
mining.com editors | February 25, 2010BUCYRUS has increased net earnings 24% year-on-year in 2009 to $US313 million despite the global financial crisis, while the major OEM is expecting more weakness in the US coal industry, along with higher coking coal prices……more at International Longwall News
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Bucyrus longwall for Bogdanka coal
mining.com editors | August 10, 2009Crushing & Conveying Bucyrus has won a contract to deliver a complete, automated plow longwall to Polish mine operator Lubelski Wegiel Bogdanka SA for its Bogdanka coal mine in Puchaczów. Bogdanka is one of Poland’s largest mine operators, producing …
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CSN Integrates IntelliMine® Suite at Casa De Pedra
infomine - mining equipment and supplier news | October 22, 2008Tucson, Arizona – October 22, 2008 Modular Mining Systems, Inc., the market leader in information management solutions for mining operations worldwide, announces that Companhia Siderúrgica Nacional (CSN) will implement the Modular IntelliMine® integrated asset management suite at their Casa de …
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Modular Expands Global Accounts Management Team
infomine - mining equipment and supplier news | June 18, 2008Following the successful introduction of the Global Corporate Accounts Management team last year, Modular Mining Systems, Inc. CEO Peter Carter has announced the team’s expansion—a development that will enhance Modular’s ability to respond to ongoing global consolidation in the mining …
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ANNOUNCEMENT
Orezone Completes the Sale of Sega to Cluff Gold for $26.5M
Orezone Gold Corporation (ORE:TSX) is pleased to announce that it has completed the sale of its Sega Gold Project ("Sega") in Burkina Faso to Cluff Gold plc (Cluff) for total consideration of approximately US$26.5M.
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