Category: Mining

AUSTRALIA: Komatsu and GE Transportation sign agreement to establish joint venture

Komatsu and GE Mining, a division of GE Transportation, have announced a new collaboration to develop next generation mining equipment.

By combining their expertise in mining equipment and propulsion systems, the companies will help meet the needs of customers and partners worldwide, with an initial focus on developing solutions to increase customer productivity and safety for underground mines.

The new company, Komatsu GE Mining Systems, LLC, will be located at the GE Transportation facility in Erie, PA, USA and operations will begin in April 2014. Komatsu and GE will each own 50% of the new company.

Atlas Copco acquires U.S. manufacturer of drill bits

Atlas Copco Secoroc LLC has agreed to acquire U.S. based NewTech Drilling Products, LLC. The acquisition adds a new type of high-quality product to the Swedish industrial group’s offering for mining and oil and gas drilling.

Based in Salt Lake City, Utah, NewTech develops and manufactures drilling products with a focus on rotary PDC (polycrystalline diamond compact) drill bits as well as klaw bits for rotary soft rock mining. These durable tools are designed to be both impact and wear resistant and the PDC bits are particularly suited to shallow, land-based drilling applications. NewTech, which is privately owned, currently employs 20 people and had revenues in 2011 of MUSD 6.5 (MSEK 45).

Finning to acquire portion of Bucyrus distribution business from Caterpillar

Acquisition positions Finning to provide broad and unmatched support to mining customers

Finning International Inc. has announced the companies have reached an agreement for Finning to acquire from Caterpillar the distribution and support business formerly operated by Bucyrus in portions of South America and Western Canada and in the U.K. After closing, Finning expects to begin providing sales, service and support for former Bucyrus mining products in all of Finning’s dealership territories.

The transaction is valued at approximately USD $465 million. Finning expects to fund the transaction primarily through the issuance of U.S. and Canadian dollar denominated term debt. The transaction is expected to be accretive to Finning’s 2012 earnings.

Australia: Leighton Ngarda Joint Venture awarded earthworks contract in the Pilbara for Rio Tinto

The Leighton Ngarda Joint Venture, an unincorporated joint venture between Leighton Contractors and indigenous contractor Ngarda Civil & Mining, has been awarded a $104 million earthworks contract for Rio Tinto.

Under the contract, the Joint Venture will undertake mine pre-strip, bulk earthworks, road-works, drainage works and common services trenching and installation works for the new Hope Downs 4 mine.

“This earthworks package will be a key part of the construction of the $1.12 billion mine which will have an annual capacity of 15 million tonnes,” said Graeme Dunn, General Manager of the Construction Division – Western Region at Leighton Contractors.

Large Hitachi dump truck order for Indonesia

Fifty Hitachi EH5000ACII dump trucks are bound for Indonesia, following a large order by mining company Kaltim Prima Coal (KPC). There is already a fleet of 80 Hitachi EH4500 trucks working in KPC mines, as well as 12 EX3600-6 and six EX2500-6 excavators. The new Hitachi fleet is needed to meet the demands of a significant growth in production capacity.

KPC is owned by Bumi Resources, which has its headquarters in Jakarta and mines on the island of Kalimantan – in Sangatta and Bengalon – and two further sites in the south of the island. The company’s mining concession areas (Sangatta and Bengalon) have a current total production capacity of 40.3million tonnes and this is expected to grow to 80million in the next three years. Kalimantan is known for its rich natural resources, including gold and coal, as well as lush areas of rainforest. The mine itself covers 1,961km² and is situated near the coast, where it is well placed to serve its markets.

Metso strengthens its position as a services provider in the North American mining sector

Metso has acquired Copperstate Industrial Services, Inc., a mining services provider based in Phoenix, Arizona. The acquisition strengthens Metso’s position as a leading service and technology provider for the mining and construction sectors. The company was transferred to Metso on August 1, 2011. The value of the transaction has not been disclosed.

Established in 1999, Copperstate has built a highly competent team of service personnel in the American hard rock mining region. Approximately 40 employees will transfer to Metso. The team will be integrated into the Services business line of Metso’s Mining and Construction Technology segment, where they will continue to service existing clients. The team will be expanded to further reinforce Metso’s maintenance, repair and retrofit business in the USA, Canada and Mexico.

“This fits directly in the center of Metso’s profitable growth and development strategy” claims Randy Reisinger, Senior Vice President of Engineered Services Solutions, which includes the Spares, Repairs, Engineered-to-order and Field Service business units. “Metso’s objective is to enhance customer satisfaction by employing a larger faction of knowledgeable, well-trained service people to meet customers’ skills and availability needs.”

Latest issue of Contractors World features greater interactivity

The latest issue of Contractors World is now available with new features. The issue now includes video embedded into the pages plus option to download interactive PDF of the issue to enable viewing of videos and other content off-line.

By further developing the formats, Contractors World Magazines publisher, VVV Ltd, is redefining trade publishing for the digital age.

The latest issue also has a separate ‘At the Shows’ supplement looking at what’s new in products and services at the various shows taking place and a preview of some of the new products to be unveiled at ConExpo 2011 in March.

Thailand: Caterpillar to open facility to produce underground mining machinery

Caterpillar has announced that it plans to open a new manufacturing facility in Thailand.

The company will break ground on the new factory in early 2011, with production scheduled to begin in late 2012. The facility will produce a full range of underground mining articulated trucks and loaders, which are used by Caterpillar customers around the world in hard-rock underground mining applications.

India/Australia – Multi-billion dollar mine contracts for Hochtief

Mine contracts in India and Australia for combined total of EUR 4.16 billion including production at Indian coal mine for period of 22 years.

Via its Group companies, HOCHTIEF subsidiary Leighton secured new mining contracts worth approximately EUR 4.16 billion (AUD 5.66 billion): Thiess as member of a joint venture will develop the Pakri Barwadhi coal mine in India, operate it for a period of 22 years and produce some 300 million tons of coal there.

Over the 22-year contract duration, the project has a volume of EUR 4.04 billion (AUD 5.5 billion) on total. The Leighton Group’s share of this is almost EUR 3.64 billion (AUD 4.95 billion).

Only recently did Leighton Contracts also win a mining contract: The company will undertake coal mining at the Dawson Mine in Australia for a period of two years. The contract is worth nearly EUR 119 million (AUD 159 million).

For the Pakri Barwadhi Mine, Thiess will first build the required infrastructure, including coal processing plants. The company shall subsequently mine coal, remove overburden and operate processing and rail loading facilities. The client is NTPC, India’s largest electricity generator and a Government of India enterprise. The company plans five more coal mines.

CHINA: Big crane order for Terex

Terex Cranes has signed a contract with China National Chemical Engineering Co. Ltd. (CNCEC) for the delivery of 41 cranes.

This is the largest order received by Terex Cranes in China to date. The contract covers 7 Terex AC350/6 all terrain cranes in the 350-tonne class and 34 Terex® Changjiang truck cranes with capacities ranging from 25 tons to 130 tons.

Delivery of the cranes is scheduled between the 4th quarter of 2010 and March 2011