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Austin Engineering to Acquire Mining Equipment Company Mainetec for $19.6 Million
September 9, 2022
Austin Engineering Limited has entered into a binding agreement to acquire Australian mining equipment manufacturer, Mainetec for an initial amount of $19.6 million. Three further earn-out payments will be made if Mainetec achieves agreed performance hurdles in the three years
Happy Labor Day!
September 2, 2022
Labor Day, the first Monday in September, is a creation of the labor movement and according to the U.S. Department of Labor “is dedicated to the social and economic achievements of American workers. It constitutes a yearly national tribute to
ABB to Acquire Siemens Low Voltage NEMA Motor Business
September 1, 2022
ABB has signed an agreement to purchase Siemens’ low voltage NEMA motor business. With manufacturing operations in Guadalajara, Mexico, this acquisition provides a well-regarded product portfolio, a longstanding North American customer base, and an experienced operations, sales, and management team.
LG Energy and Honda Motor to Build $4.4 Billion EV Battery Facility in the U.S.
August 30, 2022
South Korea-based battery manufacturer LG Energy Solution (LGES) and Japanese automobile company Honda Motor have agreed to form a new joint venture (JV) company. The new JV will focus on production of lithium-ion batteries in the US, to power Honda
Epiroc to Acquire South African Mining Equipment Manufacturer, AARD Mining Equipment
August 30, 2022
Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has signed an agreement to acquire AARD Mining Equipment, a South African mining equipment manufacturer. AARD, based near Johannesburg, South Africa, designs, manufactures, services, and supports a
Strata Worldwide Acquisition Boosts Its Safety and Proximity Detection Portfolio
August 25, 2022
Strata Products Worldwide LLC, a global leader in industrial communication and safety products has acquired the assets and intellectual property rights to Bright Path AI (BPAI) and its innovative artificial intelligence (AI) cameras developed by Boral Limited and Firetail Pty
3D-P Begins Complete Network Upgrade at Wyoming Coal Mine
August 25, 2022
3D-P has been selected to perform a complete network overhaul at a Wyoming coal mine. To meet the demand for coal, its customer is increasing its fleet size, meaning that the expansion requires an improved, highly reliable network. Partnering with
Chevron Lubricants Releases Delo TorqForce Syn FD-1 Designed for Mining Equipment
August 11, 2022
Chevron Lubricants has launched its Delo TorqForce Syn FD-1 high performance, fully synthetic lubricant designed for use in final drives and axles of large mining haul trucks and other support equipment. Delo TorqForce Syn FD-1 was designed to increase performance
BNI Coal Commissions $31 Million Dragline at Its Center Mine, North Dakota
August 10, 2022
A coal mining company in Center commissioned a $31 million dragline Monday and is about six weeks from putting the massive coal miner to use. BNI Coal hosted the ceremony at its Center Mine. The machine that was previously operated
Michelin Launches Improved Quarry and Underground Mining Tire with Increased Load Capacity
July 29, 2022
Michelin North America has launched the Michelin® X® Mine D2 Extra Load L5 35/65R33 tire, an improved version of one of its most popular mining tires. The new tire, developed to perform in quarry and underground mining applications, is designed
