Porter Group has been appointed as the official distributor for Sandvik crushing equipment in New Zealand.
As a new distributor, Porter Group will lead the sales and service of Sandvik’s range of crushers and provide aftermarket care to customers consisting of spare parts and local service support.
Porter Group chief operating officer Darren Ralph said the company is thrilled to be working with Sandvik.
“Two iconic brands in New Zealand, the Porter Group and Sandvik form a formidable partnership to further enhance the product offering and service provided to New Zealand’s extraction and recycling industries,” he said.
“We look forward to making significant progress with the product range and assisting our valued customer base with their requirements in this area.”
Sandvik Rock Processing Solutions vice president original equipment for Oceania Amit Parimoo said the partnership with Porter Group aligns with Sandvik’s strategy to enhance customer focus.
“Together with Porter Group, we will drive greater efficiencies for New Zealand’s mining and aggregates sectors by combining world-class technology with trusted, local service,” Parimoo said.
“Our shared goal is to help customers achieve maximum productivity while lowering their environmental impact.”
Both Sandvik and Porter Group are excited to provide strong products and support, from initial sales to ongoing maintenance and technical assistance.
The partnership highlights Sandvik’s commitment to delivering premium solutions with local support, giving customers the best of both worlds – global innovation and local expertise.
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Newmont has entered into a definitive agreement to sell its Akyem gold mine in Ghana to Zijin Mining Group for up to $US1 billion ($1.5 billion).
This deal marks a significant step in Newmont’s strategy to focus on its Tier 1 assets, which are expected to drive long-term growth and shareholder value.
The transaction includes a cash consideration of $US900 million upon closing, with an additional $US100 million contingent on certain conditions being met.
Proceeds from the sale will be used to bolster Newmont’s balance sheet and return capital to shareholders.
“The sale of Akyem represents continued progress on the non-core asset divestiture program announced in February, supporting our focus on the Tier 1 assets in Newmont’s portfolio that will drive sustainable growth and the return of capital to shareholders,” Newmont’s president and chief executive officer Tom Palmer said.
“We believe the proposed transaction results in the greatest overall value for Newmont shareholders and is the best strategic fit for Akyem.
“We are confident that Akyem will continue to thrive under new ownership with long-term benefits for local stakeholders and surrounding communities.”
Palmer said the successful completion of this transaction will strengthen Ghana as a favourable mining jurisdiction, with Newmont committed to supporting the growth and development of the region which includes the development of Ahafo North.
“In line with President Afuko-Addo’s address in February, we ensured that our robust divestment process provided equal opportunity for all potential buyers, Ghanaian and international, to participate,” Newmont managing director for Africa Rahman Amoadu said.
“Additionally, we have included the minerals income investment fund (MIIF) in the process in preparation of their potential investment in Akyem to further Ghanaian interest in the mine.”
The transaction is expected to close in the fourth quarter of 2024, pending regulatory approvals.
With the Akyem divestment, Newmont does not anticipate a material impact on its 2024 outlook and remains committed to its investments in Ghana, including between $950 million–1.05 billion in development capital for Ahafo North.
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BHP has locked in a deal to support India’s steelmaking decarbonisation journey.
India’s largest government-owned steel producer, the Steel Authority of India Limited (SAIL), will work with BHP to lower carbon steelmaking technology pathways for the country’s blast furnace route.
Under a memorandum of understanding, the parties are already exploring a number of workstreams supporting the potential decarbonisation of SAIL’s blast furnace steel plants, commencing with an initial study to assess various strategies to reduce greenhouse gas emissions.
These workstreams will consider the role of alternate reductants for the blast furnace such as hydrogen and biochar use, with a view to also building local research and development capability to support the decarbonisation transition.
BHP chief commercial officer Rag Udd said the deployment of technology and abatements on the blast furnace is critical to progressing India’s decarbonised steel industry.
“We recognise that decarbonising this industry is a challenge that we cannot meet alone, and we must come together to leverage shared expertise and resources, to support the development of technologies and capability that could have the potential to create a real change in carbon emissions both now and in the longer term,” Udd said.
SAIL chair Shri Amarendu Prakash said mid- to long-term partnerships like SAIL’s collaboration with BHP are vital to decarbonising not only India’s steel industry, but will have implications on a global scale.
“SAIL is looking forward to this collaboration with BHP in taking a step forward towards engaging in developing sustainable ways to produce steel,” Prakash said.
“SAIL is committed to contributing towards tackling the issue of climate change through fostering an innovative future for the steel industry in India.”
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Sandvik Rock Processing Solutions launched DeckMapp, a groundbreaking new digital platform for screen deck maintenance, at MINExpo 2024.
This highly innovative, cloud-based software solution is set to transform screen deck maintenance and drive substantial improvements in the efficiency and operational performance of mineral processing plants.
Accessible via laptop, tablet or mobile phone, DeckMapp captures, stores and shares real-time data to present a reliable, single source of truth for all activities within the screen media lifecycle.
According to Matt Cutbush, Sandvik Rock Processing Solutions digital solutions product manager, DeckMapp empowers teams engaged in screening operations with comprehensive tools to view deck history, share deck plans, visualise panel wear patterns and capture feedback, as well as access maintenance plans and activity reports.
Image: Sandvik
“By guiding operators through maintenance updates and wear assessments, DeckMapp ensures consistent data entry across the board, resulting in robust, reliable historical wear data for every screen in your operation,” Cutbush said.
“DeckMapp enhances data quality and formalises maintenance processes, thereby eliminating information inconsistencies that can adversely affect production and profitability due to rework and extended task durations. DeckMapp delivers real-time updates to ensure all team members are aligned, further reducing the risk of miscommunication and operational inefficiencies.”
A key feature of DeckMapp is the optional add-on WearApp, an innovative wear assessment system powered by artificial intelligence.
With WearApp, users simply capture images of worn screening media panels with a smartphone or a tablet. WearApp then applies artificial intelligence (AI) to automatically assess each aperture calculating amount of wear, panel efficiency and remaining wear life. This revolutionary application not only saves substantial time, but also delivers far greater accuracy over traditional manual wear assessment methods.
With DeckMapp and WearApp, plant operators can leverage data-driven insights to make smarter, more efficient maintenance decisions, and significantly reduce cost overruns associated with screen deck maintenance.
These enhanced capabilities will allow processing plant operators to make more informed decisions regarding their screening media maintenance strategies, such as determining optimal replacement times based on actual open area rather than individual aperture wear.
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Astec Australia has announced an expansion of its dealer agreement with Mineral Processing Solutions (MPS) to include construction materials product lines in Queensland, Victoria and Tasmania.
MPS will supply Astec material solutions, fixed and modular plant, equipment, parts and service throughout Australia.
Under the terms of the new agreement, MPS will distribute all Astec fixed and modular crushing, fixed screening and washing equipment and systems, as well as material handling (Telestack) and breaker technology (BTI) products to all states and territories.
The move represents a significant development in the relationship between the two companies.
According to Astec regional managing director David Smale, Astec and OPS Group (MPS’ parent company) have forged a strong partnership over the years.
“In June, we announced that MPS would take over distribution of Astec fixed and modular equipment in NSW, with other eastern states to follow later,” Smale said.
“It is testament to the strength and success of the relationship between Astec and MPS that those plans have now been brought forward.”
Image: Astec
Smale said the partnership has also delivered significant benefits to customers.
“This new network will enable us to deliver parts more efficiently, reducing downtime and enhancing the operational efficiency of businesses,” he said.
“The MPS team’s extensive local market knowledge and experience in mineral processing – supported by Astec’s innovative technologies and manufacturing capability – has made MPS the perfect partner to deliver outstanding products and service.”
MPS already has a strong presence on the east coast with well-stocked depots in Goodna (QLD), Rutherford (NSW) and Laverton (VIC), and experienced local sales and service teams able to provide a quick response to customers. Without forgetting Darwin, Perth and Adelaide branches bringing multiple options to the mix.
Smale said by combining Astec’s expertise in supplying high-quality equipment with MPS’ extensive distribution network, it is creating a robust channel that guarantees better service or exceeding relationships and expectations across the nation.
“I’m delighted to be making this announcement today and look forward to the positive impact this collaboration will have on our customers working alongside MPS,” he said.
“Such synergy will continue to strengthen our market presence but also set highest standard for service in building the infrastructure of Australia.”
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The Weir Group, a global mining technology leader, has been awarded a £25m ($48.2 million) contract to provide sustainable solutions to the next phase of OCP Group’s Benguerir and Louta greenfield phosphate projects in Morocco.
The order, which includes the company’s WARMAN slurry pump and CAVEX hydrocyclone technology, will support the continued construction of the Louta project and the trebling of production from the Benguerir project.
Weir has previously provided similar separation and de-sliming solutions also based on its WARMAN and CAVEX technology.
The Benguerir expansion will start up following the initial phase of the project which has scheduled first production in 2024, with an estimated total mine life of more than 100 years.
“We are pleased to have secured this major contract. It represents a strong endorsement of our WARMAN and CAVEX ranges that provide energy efficient separation at scale to support our customer’s productivity and sustainability goals,” Weir chief executive officer Jon Stanton said.
“Along with our industry-leading solutions, we promise our customers world class service; our local team are delighted to continue to deliver for OCP as they commission the initial phase at Benguerir and look to expand these exciting projects.”
After commissioning of the equipment, aftermarket support will be provided via Weir technical experts from the company’s Moroccan service centre, which is located close to the projects.
Founded in 1871, The Weir Group is one of the world’s leading engineering businesses with a purpose to make its mining and infrastructure customers’ operations more sustainable and efficient.
Weir’s highly engineered technology aims to enable critical resources to be produced using less energy, water and waste while reducing customers’ total cost of ownership.
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Zenith plate lips currently come in standard, long and heavy-duty options to suit all application requirements. Image: Bradken
Last week Bradken was on the floor at MINExpo INTERNATIONAL to showcase its latest innovation in ground engaging tools, the Zenith Plate Lip System.
The Zenith Plate Lip System has been engineered to minimise dig energy required for penetration and extend wear life.
With styles available across multiple machine classes over 300 tonnes, and engineered to suit various digging conditions, the Zenith System can deliver a reduction in total cost of ownership, safer removal processes, and reduced downtime and maintenance.
Bradken Zenith points and adapters are available in three options to support the system across multiple applications.
That means an easy conversion to the Zenith Plate Lip system from existing lip kit or new complete lip fitments.
Bradken’s design reduces change-out time with a hammer-free pin, allows point rotation for maximum wear, and is engineered to perform in all climate conditions.
Weir is an innovative, end-to-end solutions provider focused on accelerating sustainable mining.
Exhibiting at this year’s MINExpo, in the Central Hall Booth #8833, Weir has showcased its marketing-leading brands and unveiled a range of new innovative technologies and solutions.
Weir has launched its ESCO NEXSYS GET Lip System for rope shovel dippers, which lowers lip maintenance requirements, extends tooth and adapter life and, ultimately, provides miners with longer uninterrupted shovel operation.
ESCO NEXSYS GET Lip System. Image: Weir
Weir has also unveiled its new high-capacity ENDURON ELITE screen. It’s a double-deck banana screen, available in a range of sizes, the largest of which has a deck measuring 4.3m x 8.5m and weighs nearly 50 tonnes. It’s driven by two exciters, whereas competitor machines of comparable size require three.
It will form an integral part of Weir’s commitment to deliver transformational flowsheet solutions in which traditional tumbling mills are replaced by high pressure grinding rolls (HPGRs) and vertical stirred mills, potentially reducing energy consumption by up to 40 per cent.
Weir’s booth features the digital hub, which will highlight Weir’s digital offering, MOTION METRICS, and Weir’s new digital brand, NEXT Intelligent Solutions.
The new MOTION METRICS ShovelMetrics Gen 3 Payload monitoring solution is designed to optimise truck loading and improve haulage efficiency by reducing both underloading and overloading. And as part of Weir’s commitment to service its customers even in the most remote locations, MOTION METRICS systems now support connectivity via Starlink, enabling reliable data transmission anywhere in the world.
Weir’s NEXT Intelligent Solutions. Image: Weir
NEXT Intelligent Solutions extend and expand Weir’s current capabilities and transforms its process optimisation services into real-time digital solutions. Weir has developed digital packages for all of its market-leading solutions – pumps, cyclones, HPGRs, screens and hoses and spools – based around key customer needs: insight, uptime and production.
The digital hub will use monitors to create a remote operation centre, allowing attendees to experience the same digital platforms and interfaces that Weir utilises to support its customers.
Attendees have also had an opportunity to experience an interactive scale P&H 41000XPC shovel model demonstration of MOTION METRICS ShovelMetrics Gen 3, as well as a ShovelMetrics model control station, featuring the same touch screen monitor and controller used by operators.
Weir experts from its digital, extraction, processing, comminution, tailings, and flowsheet solutions teams will be available at the booth to continue the conversation about how Weir is partnering with customers to accelerate sustainable mining.
“MINExpo is a wonderful event and a great opportunity to catch up with our customers and colleagues,” Weir chief executive officer Jon Stanton said.
“We’ve been doing a lot of work to expand our portfolio of innovative, end-to-end solutions to help our customers produce the metals and minerals required to transition to a low carbon economy and it’s exciting to be able to show that off at the world’s largest mining show.
“It is clear the world needs more metals and minerals but there is a recognition in the industry that we need to mine them more sustainably than we have in the past. That means using less energy, using water wisely and generating less waste. And Weir – with our world-class engineering, advanced materials science and intelligent automation – is at the forefront of helping miners do that.”
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Arcadium Lithium will transition its Mt Cattlin mine in Western Australia into care and maintenance following the recent softening of lithium prices.
Stage 4A waste stripping and any expansionary investment will be suspended after the mine completes Stage 3 mining and ore processing by mid-2025.
Though considered a relatively small mine compared to its neighbours, Arcadium president and chief executive officer Paul Graves said the mine will continue to play a big part in the company’s future.
“We remain committed to developing our global portfolio of hard rock assets and are confident that they will continue to be a significant part of Arcadium Lithium’s growth story,” Graves said.
“Unfortunately, production at Mt Cattlin beyond the current stage of the open pit cannot be justified in the current price environment for spodumene.
“We will maintain open and transparent dialogue with all of our stakeholders while supporting our employees and communities in Western Australia during this transition period.”
Arcadium was firm Mt Catltin will not be closed, with its care and maintenance program intended to keep the mine and processing facilities in a position to potentially resume operations when market conditions become more favourable.
The company said it will continue to explore the viability of underground mining at the Mt Cattlin site, which could potentially extend the remaining mine life.
As a result of the decision to put Mt Cattlin on hold, Arcadium expects to increase its net expected cash flow in 2024 and 2025 cumulatively by approximately $US75 ($111.2 million) to $US100 million ($148.3 million).
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Australian mining equipment, technology and services (METS) sectors generated $114 billion in revenue in 2020, according to the latest Austmine national survey, of which two-thirds of companies exported $17 billion of goods and services (five per cent of all exports in 2020).
Strong resources and energy exports and a steady increase in mining investment suggest METS sectors have grown considerably in subsequent years.
And expenditure is expected to continue. Australia’s mining industry invested $11.5 billion in the March quarter of 2024, up six per cent from a year earlier and nearly 60 per cent higher than the March quarter of 2019. Current estimates suggest the mining industry invested $53 billion during the 2023–24 financial year.
Further, rising exploration expenditure indicates an increase in broader capital expenditure from resources and energy firms in the coming years. Spending on exploration and other mining support services averaged $486 million per quarter in the year to March 2024, 25 per cent more than the average quarterly spend in the prior five years.
In particular, growth in exploration expenditure since 2020 suggests interest is rising in precious and industrial metals (such as copper and iron ore) and critical minerals amid the ongoing shift toward net-zero global emissions.
The June 2024 Resources and Energy Quarterly report shows exports of clean energy metals and minerals are projected to remain over $50 billion per annum over the next two years. Meanwhile, there are expectations for enhanced exploration activity over the next few years for traditional energy commodities including coal, gas and uranium that are currently experiencing relatively strong prices.
To execute these plans, services – ranging from provision of labour, explosives and transport to draining and pumping services, drilling and blasting services, railways, piping and electrical cabling – are all poised to benefit.
For access to more economic insights, explore Export Finance Australia’s World Risk Developments here. If you would like to learn more about how Export Finance Australia could support your business with finance to secure more contacts, visit the website or contact the team today at 1800 093 724.
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