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Press release from Epiroc AB June 2, 2023 Epiroc completes purchase of key assets in Australian mining equipment manufacturer Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has completed the purchase of the key assets of Schramm Australia, a leading manufacturer of products for reverse circulation (RC) drilling. Since February 2023, Schramm Australia, based in Perth, has been in voluntary administration, and Epiroc will now continue the business to the benefit of the customers. The assets include intellectual property as well as two production facilities near Perth and two service centers located in Queensland and South Australia. Schramm Australia’s employees will be offered employment at Epiroc. Epiroc announced on May 17, 2023, that...

KSB Announces New, Larger Addition to GIW® MDX Line: The MDX-850 KSB has announced a significant expansion of the GIW MDX product line, with the MDX-850. KSB’s line of GIW® slurry pumps is designed to ensure optimal wear performance in harsh conditions. The GIW® Mill Duty Extra Heavy (MDX) product line is specially engineered to handle the extreme conditions found in hard rock mining applications. Mining operators are seeing an increased demand for minerals and ores. Operators must now consider the costs of pump maintenance and replacement as well as the cost benefit of utilizing fewer larger pumps versus several smaller pumps to perform the same work. The larger MDX-850 is the solution for operators who need to reach higher production...

BHP-Microsoft AI collab on copper recovery BHP (ASX: BHP) and Microsoft are collaborating on the use of artificial intelligence (AI) to improve copper recovery and optimise concentrator performance at the Escondida operation in Chile, the world’s largest copper mine. Using real-time plant data in combination with AI-based recommendations from Microsoft’s Azure platform, Escondida concentrator operators will have the ability to adjust operational variables that affect ore processing and grade recovery. BHP chief technical officer Laura Tyler says the augmentation of new digital technology capabilities with new ways of working is positioning the Escondida team to generate more value from an existing resource. “We expect the...

Leo Lithium partners with Ganfeng Lithium in $106m deal Leo Lithium Limited (ASX: LLL) has announced a significant milestone in its growth strategy with a strategic placement and a transformational cooperation agreement with Ganfeng Lithium, China's largest lithium producer. The agreement encompasses various strategic benefits and marks a substantial investment in Leo Lithium's future. Leo Lithium managing director Simon Hay expressed excitement about the partnership with Ganfeng, a recognised global leader in the lithium industry. “The Strategic Placement and terms of the proposed Cooperation Agreement with Ganfeng represent a transformational opportunity for Leo Lithium and provide further validation of the tier1 quality of Goulamina, including the significant potential upside of our development pathway,” he said. Under the terms of the...

Mincor Resources (ASX: MCR), an Australian mining company, has provided an operational update and emphasised the importance of shareholders considering Wyloo Consolidated Investments' takeover offer. The offer, which has recently been extended until July 5, 2023, provides shareholders with additional time to evaluate the terms and benefits before making a decision. Mincor's Kambalda Nickel Operations continue to perform exceptionally well, surpassing initial expectations. The company is on track to achieve nameplate mining rates in May 2023, earlier than planned. For the June quarter to date, Mincor has produced 1,839t of nickel-in-concentrate, bringing the year-to-date production to 5,16t. The total ore mined stands at 97,867t for the June quarter and 306,917t year-to-date, demonstrating the company's strong operational performance. In terms of...

Rio Tinto's CEO, Jakob Stausholm, addressed a gathering of mining professionals at a conference in Barcelona, providing valuable insights into the company's history and its relevance to the mining industry today.   Mr Stausholm emphasised the lessons learned from Rio Tinto's beginnings and how they are shaping the company's strategy and future growth.  "The learnings are important to extract here, that mine was actually producing for 5,000 years by the Phoenicians and by the Romans and it was seen as a depleted resource,’ said Mr Stausholm.  “The King tried to get money out of it, he lost money on it, he also lost the throne.   “The new republic, they were interested in getting a little bit of money and they decided...

Glencore plc, (LSE: GLEN) a leading global resource company, recently released its highly anticipated 2022 Sustainability Report, providing a comprehensive overview of its efforts to prioritise safety, health, and sustainable water management. Enhancing safety and health performance Glencore's first priority is the health and well-being of its workforce. The report outlines the company's strategic ambition to create a workplace free from fatalities and serious injuries, emphasising a strong safety culture throughout its operations. One notable initiative is the implementation of SafeWork 2.0, a comprehensive approach to eliminating fatalities. This program sets minimum expectations and mandatory protocols, such as Life-Saving Behaviours, to be implemented across all industrial assets. Through visible leadership and consistent application, SafeWork drives a culture of safe operating...

Newmont advances renewable energy projects to combat climate change Newmont has recently published its 2022 climate report, highlighting its commitment to combat climate change through various projects. Recognising the significant impact of climate change on the environment and its business, Newmont aims to drive bold actions and innovation in the mining industry to facilitate the transition to a low-carbon economy. "Climate change is one of the greatest global challenges of our time and its impact on our earth and our business is undeniable," said Newmont president and chief executive officer Tom Palmer in the company's recently published 2022 climate report. The company's focus on advancing renewable energy projects, implementing zero-emissions mining technologies, exploring carbon sequestration, and collaborating with stakeholders demonstrates...