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FLSmidth to Acquire thyssenkrupp’s Mining Business for $386 Million
August 27, 2021
FLSmidth and thyssenkrupp Industrial Solutions AG have reached an agreement where FLSmidth will acquire thyssenkrupp’s Mining business (TK Mining) for a total consideration of EUR$325 million ($386,265,163 million) corresponding to approximately DKK$2.4 billion. Closing of the transaction is expected in
VTT, Nokia, and Sandvik Partner for 5G Powered Mining Technology Project
August 25, 2021
Finland-based VTT has teamed up with Nokia and Sandvik to conduct a 5G-powered research project on advanced mining technology, dubbed Next Generation Mining (NGMining). Advanced mining technology includes autonomous connected machinery, digital automation, and advanced analytics for real-time situational awareness
U.S. Coal Exports on the Mend Despite Mixed Long-term Outlook
August 24, 2021
The amount of coal shipped from U.S. shores rose during the second quarter, buoyed by robust demand from international markets, particularly in Asia. Exports of U.S. coal jumped 52.5 percent year over year to 20.6 million tonnes in the June
Gates, Bezos, Branson, and Bloomberg in Billionaires’ Club to Mine Raw Materials in Greenland
August 13, 2021
Billionaires are getting the band back together just in time for the Disko. Bill Gates is leading his big-money buddies looking for nickel, copper, cobalt and platinum at the “Disko Project” in Central West Greenland. The Microsoft founder’s Breakthrough Energy
Queensland Releases EIS Draft for Whitehaven’s $740 Million Winchester South Coal Project
August 5, 2021
The Queensland government in Australia has released a draft environmental impact statement (EIS) for Whitehaven Coal’s proposed AU$1 billion ($740.67 million) Winchester South Project. According to the regional government, the release of the draft EIS marks a step closer to
Komatsu Forms Collaborative Customer Alliance to Advance Zero-emission Equipment Solutions
August 3, 2021
Working together to rapidly innovate in support of carbon reduction targets, Komatsu and several of its customers have formed the Komatsu Greenhouse Gas (GHG) Alliance. The founding members of the alliance are Rio Tinto, BHP, Codelco, and Boliden. Through the
Rio Tinto and Komatsu Partnering for Zero-emission Mining
August 3, 2021
Rio Tinto and Komatsu are partnering to fast-track the development and implementation of zero-emission mining haulage solutions, including haul trucks. Rio Tinto will conduct a pre-production trial of the new equipment at a Rio Tinto site and has the option
Chile Workers at BHP’s Escondida Copper Mine Vote to Strike
August 2, 2021
Workers at the world’s biggest copper mine, in Chile, have called a strike after rejecting a compensation offer by Anglo-Australian giant BHP. The world’s top producer of the mineral, Chile makes up 28 percent of global copper output, and the
Queensland Approves Stanmore’s New Metallurgical Coal Mine, Australia
July 30, 2021
Construction will start next month on an $82 million extension for the existing Isaac Plains metallurgical coal mine, supporting up to 550 jobs in the central Queensland coalfields. Resources Minister Scott Stewart today announced the final government approvals and go-ahead
Group of 20 Nations Fails to Agree on Phasing Out Coal by 2025
July 26, 2021
The G20 group of rich nations failed to agree on phasing out coal by 2025 at a meeting of energy and environment ministers on Friday marking 100 days until the crucial COP26 climate talks begin in Scotland in November. At
