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Weir acquires innovative developer of AI process optimisation solutions Weir, a global mining technology leader, has acquired SentianAI, a Swedish-based developer of AI solutions that optimise performance in minerals processing. With this acquisition, Weir is accelerating its technology roadmap and expanding its digital capability to provide enhanced productivity and sustainability offerings to customers. SentianAI, founded in 2016, is based in Malmö and has a team of highly skilled software developers and data scientists. The software that it develops uses advanced AI algorithms that continuously learn and adapt to the dynamic processes within a mine, providing continuous improvement and optimisation over time. Commenting on the acquisition, Jon Stanton, CEO of The Weir Group said: “Digital technology has an important role in...

Red 5 Limited’s (ASX: RED) mining contractor, Macmahon Contractors Pty Ltd has commenced open pit mining at the 100%-owned 2.4Moz, 16-year life-of-mine King of the Hills (KOTH) Gold Project in Western Australia. With the KOTH Project now well past 83% completion (at the end of December 2021), Red 5 is firmly on track to deliver first gold production through the new state-of-the-art KOTH processing plant in the June Quarter. The commencement of open pit mining is in-line with the project execution schedule, with underground mining expected to commence on schedule in early April 2022. Macmahon is progressively mobilising to KOTH, establishing infrastructure, and ramping up its site workforce according to plan. The initial open pit mining fleet consists of one...

A proposed $4.2 billion coal mine in the Galilee Basin has received environmental approval from the Queensland Coordinator-General. The proposed Kevin’s Corner project – being developed by Hancock Galilee, a wholly-owned subsidiary of India’s GVK Group – comprises two open cut mines and three underground mines, accommodation for 2000 staff and an airport. Kevin’s Corner will produce 30 million tonnes of coal per year and rely on the railway infrastructure of the nearby Alpha coal project, to transport the product to the Port of Abbot Point. “We are pleased with the consent given by the coordinator-general which culminates in the provision of a State Environmental Approval for the project,” said GVK vice chairman G V Sanjay Reddy. “This project will...

Kali Metals begins trading on the ASX Lithium explorer Kali Metals (ASX:KM1) has begun trading on the ASX following a $15m initial public offering (IPO). Under the IPO, 60m shares were on offer at an issue price of 25 cents per share, representing around 41.26% of company shares. An Australian resources company, Kali Metals has a portfolio of lithium exploration projects across WA, NSW and Victoria. Kali’s portfolio comprises of the DOM’s Hill, Marble Bar, Pear Creek, Higginsville, Jingellic and Tallangatta lithium projects. Notably, Kali’s WA lithium tenure is located adjacent to some of the world’s largest hard rock (spodumene) mines and deposits. Kali will use the money from the IPO...