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Related Special Reports
...Endeavour Mining stripped de Montessus of remuneration worth $29.1mn....
...De Montessus attended two interviews during the probe but his explanation that the $5.9mn payment was used to pay for security equipment in a conflict zone was “found to be implausible and untrue”, Endeavour...
...Nickel, the metals group controlled by Russia’s richest man Vladimir Potanin, will move some copper smelting production from its home country to China, as western sanctions restrict access to key pieces of equipment...
...Caterpillar reported a 12 per cent increase in sales to energy and transportation customers in the final three months of the year, but sales to the construction and mining equipment sectors fell 5 and 6...
...De Montessus said that he instructed a creditor in 2021 to offset a sum owed to Endeavour to pay for essential security equipment to protect its partners and employees in a conflict zone....
...But as the latest halving approached, miners spent more than $1bn on new equipment to gain market share and squeeze out competitors....
...outlined plans to triple output from underground coal mines by 2028, preparing to auction new blocks, accelerate environmental clearance and roll out incentives to promote foreign investment and domestic equipment...
...“Buying equipment is not just an action in the bull market,” said Juri Bulovic, head of mining at Foundry....
...billion dollars on new equipment in a bid to stay competitive in the booming market....
...Mining firms recently splashed out more than half a billion dollars on new equipment in a bid to squeeze out less competitive rivals but also to ensure their own survival....
...It has since closed or sold several other smaller units, including its mining equipment division....
...New Delhi is pushing state-owned mining groups to pursue mineral reserves in South America and Africa as well as inviting bids to develop domestic mining blocks....
...UK court documents alleged the company “used near-obsolete [mining] equipment merely as a front to deceive would-be investors”....
...“Our members are very much worrying [about AI taking their jobs],” says Kan Matsuzaki, assistant general secretary at IndustriALL, an international union representing more than 50mn workers in mining, energy...
...The Swedish presence includes giants such as Atlas Copco, the world’s leading provider of air compressors, and Sandvik, which makes mining equipment....
...This means controlling access, enforcing strict safety protocols for extraction processes (such as tunnel depth) and requiring the use of boots, helmets and other personal protective equipment....
...Russia’s main effort is focused around the mining city of Chasiv Yar, which sits atop a hill just 15km west of Bakhmut, the city destroyed and occupied by Russian soldiers and Wagner mercenaries nearly a...
...mining market....
...Natural Gas Services Group appointed Justin Jacobs as chief executive of the Midlands, Texas-based gas equipment provider, effective February 12, last week....
...Led by the Fair Cobalt Alliance, an NGO funded by Tesla, Google, Glencore and CMOC, the pilot offers protective equipment and child labour remediation services. Similar schemes have come and gone....
...willingness to politicise supply chains, introducing restrictions on key chipmaking materials gallium and germanium in August in response to Dutch plans to limit the sale of high-end semiconductor manufacturing equipment...
...Edward Burtynsky’s disturbingly beautiful photography brings a giant’s eye view to our ravaged planet, rendering mining sites as glimmering jewel boxes, desertscapes as geometric puzzles and dumping grounds...
...Suggested reads Singapore’s DBS slashes CEO’s 2023 pay by $3mn (Nikkei Asia) Australia to propose green mining standards amid slump in EV metals (Nikkei Asia) China on cusp of next-generation chip production...
...Shares in Swedish medical equipment maker Getinge fell 16.2 per cent as it warned supply issues would hit full-year sales and earnings targets....
...And he also said that Vale, which remember is a private sector mining company, he said it belongs to Brazil....
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