Mining equipment manufacturers have been feeling the pain of the commodities price lull for the past five years, but it is the lean times that usually foster a spirit of entrepreneurship and innovation.
Suppliers and Equipment Mining News
The commodities supercycle may be over, and mining still in the dumps, but that didn't stop half a million visitors from flooding the sprawling grounds of the Bauma 2016 trade fair last week.
A new EY report shows the value of a typical fleet of mining equipment has fallen 64 per cent in just two years.
5 million tonnes per annum pellet plant expected to start-up in 2018.
Alpha Natural Resources, Inc.(NYSE: ANR), announced Friday that Plum Energy LLC will construct a liquefied natural gas (LNG) plant on property adjacent to Alpha Coal West Inc.'s Eagle Butte Mine, near Gillette, Wyoming.
Data-driven efficiency innovations showcased at Grow Conference in Whistler.
Average compensation went up by more than $100,000, amid staff cutbacks, mine closures, shelved expansion plans and asset sales.
The autonomous trucks cut costs by reducing the need to house, feed and employ four drivers.
Training simulators are increasingly being seen as a sound investment.
CDE Deutschland co-hosts showcase event ahead of Bauma 2013.
Both good and bad for Canadian mining in the 2013 federal budget.
Collaboration brings improved reliability that can reduce downtime of massive shovels
Mining is the engine room of the Australian economy, driving growth, jobs, wealth and innovation across the country. The mining sector has increased from 5% of GDP through the 1990s to 10% in 2010-2011 in Australia.
Sepro Mineral Systems has been awarded a contract by Hemco, Nicaragua’s second largest gold producer, to supply a milling and gravity recovery circuit for the company’s operation in the municipality of Bonanza in north-eastern Nicaragua.
BHP Billiton has confirmed that drivers will still be needed for new trains heading to its Pilbara operations. The confirmation comes after BHP awarded Downer EDI a $292 million five year contract to supply new locomotives to its iron ore operations.
Philippi-Hagenbuch has designed what it describes as “the first off-highway truck body specifically for hauling oil sands.” Its design minimises material “loafing” and carryback while providing a safer environment for truck drivers, longer truck chassis and body life while decreasing box maintenance, it reports.
Australia, Canada, South Africa and many more countries are courting a small, transient, global workforce of engineers, geologists and metallurgists to keep their mining, oil and gas, and energy operations running. What can these major corporations do to secure the right talent? If you’re Rio Tinto, you turn to content marketing.
An International Patent Application has been filed for the revolutionary new hydrometallurgical process developed for TNG’s 100%-owned Mount Peake iron-vanadium project in the Northern Territory, Australia. The newly-named TIVANTM Process was jointly developed last year in conjunction with TNG’s metallurgical consultants, Mineral Engineering Technical Services (METS). For the first time using hydrometallurgy, the TIVAN process has successfully extracted commercial grades of vanadium, titanium and iron from the Mount Peake deposit, which is hosted by a similar rock type (magnetite-gabbro) to that which hosts most known vanadium deposits worldwide.
Metso will supply crushing equipment to Fortescue Metals Group in Australia. The delivery will be completed by May 2012. The value of the order is approximately EUR34 million. The order comprises 13 units of MP1000 secondary cone crushers. Three units will be delivered to Fortescue’s Christmas Creek iron ore site, and another ten units will go to the Solomon iron ore mine site. Both sites are located in the Pilbara region in Western Australia. The crushers will be supplied to the sites in pre-assembled, modularised form. Metso will also be providing installation and commissioning assistance of all units.
The first of Sandvik’s revolutionary new DPi Series surface top hammer drill rigs - the biggest top hammer of its kind in Africa - has been commissioned at Independent Quarries in East London, South Africa and two more are on order. The intelligent self-propelled, self-contained crawler has been introduced to meet the rigorous demands of production drilling, quarry and mine development, pre-splitting and dewatering. There are already 15 DPi rigs operating in other parts of the world.“The new DPi Series reflects 20 years of experience in quarrying and open pit mining in the hole range of 76 to 152 mm, drilling deeper holes more accurately than ever before,” Cornel Burger, Sandvik’s General Manager Operations & Construction, says. The machine’s 33 kW rock drill is now the biggest available on the market.
Metso will supply minerals processing equipment and services to Russian Copper Co ZAO (RMK) for its copper operation in Chelyabinskya region in southwest Russia.
Joy Global Inc. had a successful second quarter. The mining equipment manufacturer reported net income of $162 million for the second quarter of 2011, or $1.52 per share, compared to $120 million, or $1.15 per share, for the same period last year. Second quarter bookings were up 46% to $1.5 billion, while net sales jumped 19%. "We had another outstanding quarter, reaching record levels of performance in order bookings, shipments, operating profit margins and earnings per share,” said Mike Sutherlin, President and Chief Executive Officer. Sutherlin pointed to Joy Global's recent $1 billion acquisition of LeTourneau Technologies as an important complement to its rope shovel capability, by expanding into the wheel loader and drilling products markets. Image by Joy Global Inc.
Commissioning and start-up of Canada’s first gearless mill drive (GMD) system has been completed at Osisko Mining Corp’s Malarctic project and will increase production capacity at the mine. The system was commissioned by ABB, a leading power and automation technology group. Image of the Malarctic mine by Osisko Mining
Caterpillar and Bucyrus International have received notification from the US Department of Justice (DOJ) that it has closed its investigation into Caterpillar’s planned acquisition of Bucyrus. The DOJ action, in addition to the expiration of the Hart-Scott-Rodino Act waiting period, concludes the antitrust review process in the US. The clearance by the DOJ will allow the acquisition, valued at approximately $8.6 billion (including net debt), to proceed as soon as all other conditions to closing have been satisfied. The transaction is expected to close in mid-2011. The implifications of this acquisition were considered in detail in IM, December 2010.
Australian contractor Barminco has signed the company's largest contract in its 21-year history with the renewal of its contract with AngloGold Ashanti Australia to deliver underground mining services at the 600,000 t/y Sunrise Dam gold mining operation, located 56 km south of Laverton in Western Australia. The company has been contract mining at Sunrise Dam since October 2003.