Measure is part of a broader plan to restore profitability at the division, which saw adjusted operating profit fell by 37% in the second quarter of this year.
Sweden Mining News
Only six of the top 20 producers are primary silver miners. The polymetallic ore deposits from which silver are recovered account for more than two-thirds of the world's silver resources.
The Swedish mining equipment maker is acquiring a 34% stake in Mobilaris MCE, which provides software to optimize underground operations.
While some residents of Kiruna have moved already, the first of the town’s historic buildings has just been hoisted up on a truck and transported to its new location.
Miners have begun spending in equipment again, the Swedish firm's results show.
The Swedish company plans to list its mining tools division by 2018 in the biggest-ever shakeup of the group, which could spark takeover interest.
Sandvik has signed an agreement to divest its Mining Systems operations, reported in the Sandvik income statement as discontinued operations, to the private equity company CoBe Capital.
Solving a problem a customer experienced when drilling in abrasive rock conditions has led to a groundbreaking new design for drill bits.
The environmental group is after Vattenfall's lignite business in eastern Germany, in a bid to scale back the operations put up for sale by the Swedish state-owned energy giant.
Part of the firm's CH800 series of mining cone crushers, the two models aim to help improve productivity and profitability in the mid-range segment.
Affected by anemic iron ore prices, the Swedish firm joins an increasing number of miners that have fallen by the wayside.
The firm is closing several facilities in the U.S. and Europe, as part of a two-year business reorganization set to conclude in the next fiscal.
These are the first cases to come out of a global probe into allegations of widespread rate-rigging in foreign exchange markets.
The bank, which is the world’s largest private lender, is also expected to announce an agreement regarding alleged collusion and manipulation in the foreign exchange market.
Vast stretches of northern Europe’s wilderness will soon host more mining companies going ahead with several projects in the area.
Arctic region's vast riches set to attract over $100 billion in investments over the next decade.
Other two Canadian jurisdictions —New Brunswick and Newfoundland and Labrador— also made it to the top 10 worldwide. Kyrgyzstan and Venezuela, named the two countries mining enthusiasts should stay away from.
Metso's Q3 mining and construction orders fell 19%. Sandvik's net profit fell 22%.
Operator said Tuesday it is ready to restart nuclear plant.
For buying phosphate from sources they qualified as off-limits.
A group of 707 Chileans is seeking compensation for health problems allegedly caused by Boliden's toxic waste dumped near their homes in the eighties.
To avoid collapse caused by iron ore mining activities.
About 35% of the town will move, including 65% of the apartments, over the course of several years.
Meanwhile try avoiding Indonesia, Vietnam, Venezuela, Democratic Republic of Congo (DRC), Kyrgyzstan, Zimbabwe, Bolivia, Guatemala, Philippines, and Greece, says Canada's leading public policy think-tank.
Projects in northern Sweden and Finland.