Swedish equipment manufacturer Atlas Copco is planning to split into two companies next year, with its mining and construction tools division shaping as the basis of a new entity.
Improved commodity prices are expected to push Australia’s mining and energy export earnings to a record in 2016-17, according to the Department of Industry, Innovation and Science.
The number of mining deals in Australia is rising, according to Ernst & Young’s (EY) third quarter global mining and metals M&A activity report.
Users of Schneider Electric’s Unity Pro software are urged to download an upgrade, after a vulnerability was discovered in the software. According to Indegy Labs, the vulnerability in Unity Pro allows any user to remotely execute code directly on any computer on which the software is installed. This vulnerability is present in every control network … Continue reading Vulnerability found in Schneider Electric’s ICS software
A mine rehabilitation reform campaign has recommended the introduction of an independent authority to rehabilitate abandoned mine sites, which could create thousands of jobs in mining precincts that were badly affected by the downturn. According to a leaked Queensland Government report, tax payers will be forced to pay $3.2 billion in coal mine rehabilitation costs … Continue reading Mine rehabilitation could create thousands of jobs
Western Australian mining companies could cost the state government up to $2.4 billion if they decide to fight the proposed $5-a-tonne ‘levy’ on iron ore exports. The fee, which up until now has been $0.25-a-tonne, could be successfully challenged in a court of law, Murdoch University law lecturer Lorraine Finlay told the ABC. If the … Continue reading Mine companies could cost WA Govt $2.4 billion
According to a report in the Brisbane Times, East Timor’s former prime minister and Nobel laureate Dr Jose Ramos-Horta has appealed to Australia’s sense of a “fair go”, asking for a sea boundary to be moved to enable more equal sharing of the estimated $40 billion in oil and gas reserves in the Timor Sea. … Continue reading East Timor’s Nobel laureate asks Australia to show ‘fair go’ over oil
Komatsu and GE have announced a ten-year partnership agreement to provide electrical remanufacturing services for mining equipment and vehicles. At Komatsu’s Welshpool facility in Perth, GE will apply expertise to the remanufacturing of wheel motors, alternators and grid blowers for Komatsu mining trucks through Komatsu Reman. Together with GE, Komatsu will improve its Reman build … Continue reading GE and Komatsu announce extended 10-year partnership
Deep Exploration Technologies Cooperative Research Centre (DET CRC) has signed a licencing agreement for its technology for monitoring and optimising diamond drilling – the Wireless Sub – with Boart Longyear, the supplier of drilling services, drilling equipment and performance tooling. The Wireless Sub couples the drill rig to the drill rods in the hole and … Continue reading Wireless sub – technology for smarter, faster drilling
Iceland is drilling into volcanoes to tap the energy created by magma, which could act as an innovative new form of renewable energy. The Iceland Deep Drilling Project (IDDP) is currently drilling five kilometres below Reykjanes in south-western Iceland, along a tectonic fault line. At this depth, magma that moves underground through volcanic activity mixes … Continue reading Iceland finds powerful energy source in volcanoes
Galaxy Resources has received key approvals from the Department of Environment Regulations and the Southern Ports Authority to export spodumene, produced at its Mt Cattlin Project, from SPA Port of Esperance, Western Australia. A condition of the approvals includes the reduction of mica content in the spodumene. Galaxy has now achieved a product specification below … Continue reading Galaxy receives approvals to export from Esperance Port
Industrial automation customers can improve their short-circuit protection with a new line of current-limiting, moulded-case circuit breakers, claims Rockwell Automation. The line expands the Allen-Bradley Bulletin 140G moulded-case circuit breakers and offers more comprehensive, fast-acting, short-circuit protection, according to the manufacturer. The line expansion protects against overload, short-circuit and ground-fault conditions. The new line of … Continue reading Current-limiting circuit breaker offer fast-acting protection
The mining industry will still be important to WA’s economy in the future and new growth is unlikely to come from other industries like tourism and agriculture, new research has found.
Throughout the world, mining companies are battling a range of forces that are reshaping the sector and require a new approach to management.
A river in Norilsk, Siberia, has turned a vivid shade of red, alarming local residents and resulting in a minor social media storm.
Industry representatives from the mining, quarrying, and contracting sectors are calling for site managers to renew competency certificates or risk losing their jobs.
Scania has teamed up with Swedish research universities to successfully develop autonomous driving trucks that can travel up to 90km per hour. The project, carried out in conjunction with Stockholm’s KTH Royal Institute of Technology, Linköping University, Saab, and Autoliv under a government funded project called iQMatic, aimed to create a self driving truck designed … Continue reading Self driving mining truck capable of 90km speed
Cummins has introduced Connected Diagnostics to the off-highway market at the Bauma show this week. Active in over 35,000 on-highway vehicles, Connected Diagnostics “provides a lifeline for customers, direct to Cummins, when they need it most.” Through an active telematics connection, Cummins-powered equipment can now wirelessly connect the engine to Cummins for immediate diagnosis of … Continue reading Cummins Connected Diagnostics comes to off-highway market
Glencore has announced an agreement to sell $2.5 billion of its Agricultural Products to the Canada Pension Plan Investment Board, Canada’s largest pension fund.
Lockheed lands $480m customer for aircraft combining power of helicopter, airplane and hovercraft dramatically altering mining and exploration economics