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The Weir Group has entered into an agreement to sell its Flow Control division to First Reserve, a global private equity investment firm focused exclusively on energy, for an enterprise value of £275 million ($360 million). Weir, which will receive cash for the sales, said all the way back in April 2018 that it planned[…]

Terex Trucks has signed Mining Eurasia as its new official distributor in the Russian Federation as the Scotland-based manufacturer looks to improve availability as well as return on investment for its customers in the region. The company said: “As the single largest country in the world, it’s no great surprise that Russia has an abundance[…]

Solvay announces the successful launch of Solv Extract™, a first-of-its-kind app-based digital platform for mining operations, with Codelco, the world’s largest copper producer. Solv™ “connects chemistry and operational insight, bringing Solvay’s technical expertise in mining chemistry to customers at an unprecedented speed and frequency. It enables them to make more informed decisions faster, thus reducing[…]

GR Engineering Services Ltd recently announced its financial results for the half year ended 31 December 2018 (HY19). GREngineering reported HY19 sales revenue of A$91.3million, underlying EBITDA of A$5.9 million and profit before tax of A$4.4 million. GR Engineering’s Managing Director, Geoff Jones, said: “Project execution activity was lower in HY19 against levels experienced throughout[…]

At the SME Annual Conference in Denver, Maestro Digital Mine has launched its latest digital solution, the EthernetI/O™. Maestro Digital Mine manufacturers Internet of Things (IoT) measurement and control instrumentation for the optimisation of underground mine ventilation and underground digital networks for last mile communication. Maestro’s EthernetI/O™ “provides both remote I/O functions as well as[…]

A new collaboration agreement between Inmarsat and Microsoft will enable Inmarsat’s customers to transfer data collected through their Industrial Internet of Things solutions to the Microsoft Azure IoT platform. Under the agreement, Microsoft Azure customers will also be able to access Inmarsat’s global satellite communications network, enabling them to connect their IoT infrastructure to cloud-based[…]

De Beers Group has announced an initiative to consolidate its mining assets in South Africa and Canada into one business called De Beers Group Managed Operations. The new business will streamline operational management and identify synergies to create a more sustainable business in the two countries. De Beers Group Managed Operations will focus on Venetia[…]

The RopeCon® system which transports platinum ore from Booysendal South to the existing processing plant has recently gone into operation. The South African mining company Booysendal Platinum (Pty) Ltd, a subsidiary of Northam Platinum, is relying on technology by Doppelmayr for their expansion project at the Booysendal concession. Every hour, at least 909 t of[…]

Energetique Mining Vehicles (EMV) has changed its name to 3ME Technology as it looks to revise its battery-electric vehicle focus on, specifically, the mining, military and marine markets. EMV came out of Energetique, a group based in New South Wales, Australia, which has been developing battery electric vehicle systems in Australia for over a decade.[…]

VIST Group (subsidiary of Zyfra), one of the Russian leaders in the field of digitalisation of large mining enterprises, has launched into pilot production a fleet management system for underground mining works at the experimental site of the Lunnoye deposit in the Magadan Region. The company’s specialists have successfully implemented a pilot project, which includes[…]