Tag Archives: Georgia

KaMin adds to industrial minerals mining base with acquisition of BASF’s kaolin minerals business

KaMin LLC, a global performance minerals company owned by IMin Partners, has acquired BASF’s kaolin minerals business, which includes four production sites and related mines, reserves and two processing facilities in Georgia, USA.

“This acquisition is transformative for KaMin on day one by further diversifying into highly engineered, growth segments and adding to an extensive portfolio of innovative product solutions for everyday life,” Mike W Nelson, President and Chief Executive Officer of KaMin, said. “The combination of these two businesses will create a global leader with significant scale, technical capabilities, and talent that will deliver enhanced value to our customers, distributors, and brand owners worldwide

“We are excited to welcome approximately 440 new employees to the KaMin team. Their expertise will enhance our already strong organisation and further differentiate us in the industrial minerals sector.”

The co-located refinery catalysts operations will continue to be owned and operated by BASF’s refinery catalysts business and are not part of the divestiture.

KaMin is recognised says it has more than 95 years of experience in delivering performance mineral solutions in a broad spectrum of end use markets including building and construction, automotive and catalyst, agriculture, health and beauty, packaging, and specialty and graphic paper. The company mines, produces and distributes its products from its three US plants located in Georgia – Macon, Sandersville and Wrens – and internationally through its CADAM facilities in Brazil and Europe.

Sandvik introduces short-term rental service in USA

Sandvik Mining and Rock Solutions has announced it is entering the US market with a structured rental offering that, it says, meets the needs of customers that are looking for short term, off-balance sheet solutions to fill production gaps or expand their operations, but at minimal risk.

Building on the success and learnings of its short-term rental service in Europe, Sandvik’s new US offering sees machines rented from as little as just one month.

Working in partnership with its dealer network – who tend to favour longer-term rentals – Sandvik is bringing its financial strength and ambition to be a significant player in the US rental sector, it said. Part of a long-term expansion plan for the service, the company is starting by offering Sandvik DX700 tracked drills commonly used in quarrying and highway projects.

The company is initially launching its service in five states, with Tennessee, Kentucky, Georgia, North and South Carolina selected on the basis that the rental concept is already most established on the East Coast of the country.

“Construction, quarrying and mining customers in the US are increasingly looking for off-balance sheet solutions when acquiring equipment,” Olli Karlsson, Business Unit Manager for Rental & Used at Sandvik, said. “With the industry booming across the country, this is an exciting time to be launching a rental service in the US. The ability to free up capital that rental and lease-based structures offer – not to mention the ability to tender for a wider range of work beyond the capability of small and mid-sized contractors’ current equipment fleets – is driving the market for flexible short term rental offerings.”

Karlsson continued: “This is just the start. Over time we will expand across the US, and introduce other short-term rental equipment for construction, tunnelling, quarrying and mining.”

Sandvik’s fleet of all-new machines are supported by manufacturer service contracts and genuine parts for the duration of the rental agreement, with Sandvik rock tools also available, the company said.

Outotec to help modernise Rich Metals’ Madneuli copper concentrator

Outotec and Rich Metals Group Copper (RMGC) have signed a contract for the delivery of minerals processing technology and equipment to modernise the Madneuli copper concentrator in southern Georgia.

The contract is valued at around €10 million ($11.2 million) is booked in Outotec’s 2019 December quarter order intake.

Outotec’s scope of delivery includes a tertiary ball mill, Outotec® HIGmill® high intensity grinding mill, flotation cells, a complete process control system as well as a pressure filter and a high rate thickener. The deliveries will follow completion of basic engineering for the project, which is currently ongoing. RMGC is expected to take delivery of the products in the second half of 2020.

Outotec says it has been involved in the modernisation project from the early stages to support in process design to improve the efficiency and value of production. Extensive test work, along with the chemical and mineralogical characterisation of different ore samples, were carried out at the laboratories of Outotec Research Centre in Pori, Finland.

The Madneuli mine has produced around 85 Mt of copper- and gold-bearing ores, at a reported grade of 1 g/t Au and 1% Cu, over a period of 30 years, according to RMGC.

“We are happy to support RMGC’s target to improve the performance of their operations. Outotec’s process technology and proprietary equipment will assure sustainable beneficiation of the complex orebodies RMGC is processing,” Kimmo Kontola, Head of Outotec’s Minerals Processing business, said.