Archive | Mining Supply and Services Sector

Canadore collaborates on space mining tool – by Staff (Northern Ontario Busines – April 26, 2017)

https://www.northernontariobusiness.com/

Sudbury drill firm utilizes North Bay industrial design lab

Canadore College’s innovation centre teamed up with a Sudbury space mining company and a mining supplier on a leading edge drill to be used in deep space exploration.

The staff at the North Bay college’s Innovation Centre for Advanced Manufacturing and Production (ICAMP) has been working with Deltion Innovations and Atlas Copco for nearly eight months to produce prototype tool ends for Deltion’s space mining multi-purpose tool, called PROMPT (Percussive and Rotary Multi-Purpose Tool).

Atlas and Deltion brought the PROMPT concept and tool designs to Canadore’s industrial design lab at its Commerce Court campus for manufacturing and production. According to a college news release, the centre utilized its “additive manufacturing resources,” including its 3D metal printer and computer numerical control equipment, to prototype the commissioned parts. Continue Reading →

A new model for hauling ore: Cementation develops injection hoisting technology for transporting ore to surface – by Lindsay Kelly (Northern Ontario Business – April 19, 2017)

https://www.northernontariobusiness.com/

A new technology developed by Cementation in North Bay is holding promise as an alternative for bringing ore mined underground up to the surface. Created as a more efficient, cost-effective option to existing models that employ ramps or vertical shaft systems, “injection joisting” transports ore to the surface using a pump-driven pipeline loop.

Cementation president Roy Slack said the technology has real potential to bring substantial value to the industry. “Any time you can impact the capital and operating costs, not only does it mean that existing mines become more efficient, but it can also make the difference between a marginal mine and a profitable mine,” Slack said.

“Some orebodies that may not get developed, this may be a method that allows them to get developed, so that means jobs, that means value creation.” The company has been working on the technology for roughly the last five years, but it came to the forefront of the industry in early March when it was selected to share the $1-million top prize — out of 153 submissions — with Kore Geosystems in the Disrupt Mining contest. Continue Reading →

Australia needs greater mining and METS cohesion (Australian Mining – April 10, 2017)

https://www.australianmining.com.au/

Australia’s minerals industry and its mining equipment, technology and services (METS) sector need to collaborate better for the sake of the nation’s future prosperity, according to Dr Vanessa Guthrie, Chair of the Minerals Council of Australia.

In an interview ahead of her talk at the Austmine 2017: Mining’s Innovation Imperative conference, Dr Guthrie said mining and METS companies were drivers of innovation and investment, provided highly-skilled employment opportunities and generated the bulk of Australia’s export earnings.

“Mining and METS companies already work together on a daily basis to support and reinforce each other’s operational activities,” Dr Guthrie said. “By collaborating and partnering at an industry level we can ensure that mining and METS continue to innovate and grow – and that, in turn, will help secure Australia’s economic prosperity into the future.” Continue Reading →

Acquisition complete, Joy Global is now Komatsu Mining Corp. – by Wayne Grayson (Equipment World – April 5, 2017)

http://www.equipmentworld.com/

Komatsu today announced that it has completed its acquisition of Wisconsin-based surface and underground mining equipment manufacturer Joy Global.

Citing a belief that the mining industry will see a long-term rebound driven by increased demand for larger equipment in surface mining and further development of underground mining, Komatsu first announced the $3.7 billion deal in July 2016.

Though the original announcement stated Joy Global would operate as a separate subsidiary of Komatsu and would retain the Joy Global brand, Komatsu has opted to rename the 133-year-old company to Komatsu Mining Corp. Komatsu says Joy Global shares will be delisted from the New York Stock Exchange and will no longer be publicly traded. Continue Reading →

Forging mining ties with Mexico – by Staff (Sudbury Star – March 13, 2017)

http://www.thesudburystar.com/

The Greater Sudbury area now has a mining connection with a Mexican state.

During Mexico Mining Day last week at the Prospectors and Developers Association of Canada convention in Toronto, Nickel Belt Liberal MP Marc Serre signed a letter of intent for the Greater Sudbury Development Corporation, the Sudbury Area Mining Supply and Services Association and the State of Guerrero.

The three parties agreed to work together for mutual economic benefit. “Collaboration and creating partnerships are important to the growth of our economy, communities and countries,” Serre said in a news release. “Each year, the industry employs nearly 20,000 residents of Northern Ontario.

It’s important to note the amount of time, dedication and succession planning it takes to bring this forward. It has been a pleasure representing our region at PDAC and I believe Greater Sudbury is the best represented city at the convention.” Continue Reading →

Canada’s Hope Bay fits Gekko mission – Staff (Mining Journal – February 20, 2017)

http://www.mining-journal.com/

Gekko Systems Company Profile

As maiden gold pours go the one by TMAC Resources at its C$325 million Hope Bay project in Canada’s north was a momentous one. It not only marked the production start at a new generation mine in a standout emerging goldfield, but also realisation of a remarkable vision for the future of the industry conceived and developed by Australia’s Gekko Systems over the past 20 years.

“This is a project that fits with our reason for being, really,” says Gekko technical director and co-founder, Sandy Gray.

“We are focussed on step-change in the industry, through low-energy process flowsheet designs, low capital costs and small footprint and modular designs that are positive for the environment, deliver lower operating costs, and allow fast, low-risk, predictable project delivery and execution. Continue Reading →

Nolan Watson, Alicia Woods win inaugural ‘Young Mining Professionals of the Year’ award – by Matthew Keevil and Salma Takikh (Northern Miner – February 6, 2017)

http://www.northernminer.com/

The Young Mining Professionals (YMP) — a non-profit group with chapters in Vancouver, Toronto and Montreal — has awarded its inaugural, annual YMP Awards to Nolan Watson, president and CEO of Vancouver-based royalty firm Sandstorm Gold, and Alicia Woods, founder of Covergalls, which specializes in women’s work wear, and general manager of Marcotte Mining Machinery Services in Sudbury, Ontario.

The YMP Awards, presented in association with The Northern Miner, are intended by the YMP to “recognize two young mining professionals, a male and a female, who over the past year, and during the course of their careers, have demonstrated exceptional leadership skills and innovative thinking to provide value for their companies and shareholders, as well as for themselves.”

Nominees are required to be under 40 years of age in 2016 and be active in some aspect of mining in Canada or the United States. Voting on a selection of nominees was held in January by a committee of four YMP directors and two Northern Miner executives. Continue Reading →

Komatsu Joins Peers to Signal Mining Rebound Remains Elusive – by Masumi Suga (Bloomberg News – January 31, 2017)

https://www.bloomberg.com/

Komatsu Ltd., the world’s No. 2 supplier of construction equipment, said industry-wide demand from miners fell 13 percent in the last quarter, signaling that the rebound in commodities prices is yet to feed through into better sales of the giant trucks and excavators used in extracting minerals.

The Tokyo-based company, which also supplies builders and produces industrial machinery, reported lower earnings Tuesday for the third quarter through December, with net income down a fifth on the year to 30.8 billion yen ($271 million) and revenue slipping 10 percent to 430.6 billion yen, according to a statement.

“We stick to our earlier view that the timing of a recovery will come” in the next fiscal year or after, Yasuhiro Inagaki, senior executive officer, said on a conference call, referring to the mining equipment market. Continue Reading →

Caterpillar Forecasts Fall Short as Demand Slump Persists – by Joe Deaux (Bloomberg News – January 26, 2017)

https://www.bloomberg.com/

Caterpillar Inc. forecast 2017 revenue and earnings that trailed analysts’ estimates as signs of a recovery in mining and energy have yet to translate into a rebound in demand for the company’s signature yellow machines.

Revenue will be in a range of $36 billion to $39 billion, with a midpoint of $37.5 billion, the Peoria, Illinois-based company said in a statement Thursday.

That is less than the $38.1 billion average of 16 analysts’ estimates compiled by Bloomberg, and indicates annual revenue may fall for a fifth consecutive year. Earnings excluding restructuring costs will be $2.90 a share at the midpoint, compared with the analysts’ estimate of $3.08. Continue Reading →

Atlas Copco to split group, company veteran Rahmstrom named new CEO – by Johannes Hellstrom (Reuters U.S. – January 16, 2017)

http://www.reuters.com/

STOCKHOLM – Sweden’s Atlas Copco (ATCOa.ST) said it would split into two listed companies in 2018, forming an industrial business and a separate mining and civil engineering firm whose equity would be distributed to the same shareholders.

Atlas Copco also appointed Mats Rahmstrom, currently head of its Industrial Technique business, as chief executive from April. Rahmstrom replaces Ronnie Leten, who turned 60 last year, and is stepping down after eight years.

Atlas Copco will concentrate on industrial customers, while the new company, with the working name NewCo, will focus on mining and civil engineering. Rahmstrom, who has been with the company for almost 30 years, will stay with the larger and more profitable industrial business when the split takes place. Continue Reading →

Drones reaching new heights, and depths – by Ben Leeson (Sudbury Star – January 10, 2017)

http://www.thesudburystar.com/

Mention drones, and imaginations float skyward to everything from aerial photography to package deliveries to weapons of war. But it was after a job underground two years ago that Pierre Filiatreault and his colleagues at Hatch in Sudbury began to see the true potential of drones, or unmanned aerial vehicles (UAVs).

“There was a local client that had an ore pass that was clogged underground,” said Filiatreault, who specializes in control automation and electrical, and serves as Hatch’s resident UAV expert.

“It’s very dangerous and there has been a few incidents locally where it has caused deaths, so the idea was to grab a drone and fly it up an ore pass so we could determine the height and capture some images of what the blockage looks like, so we could feed that to operations and they could make better decisions, all while doing it relatively safely and not putting anyone at harm. Continue Reading →

Mining supply sector will continue to grow – by David Robinson (Sudbury Mining Solutions Journal – December 2016)

http://www.sudburyminingsolutions.com/

In a world where everything is changing, it can be hard to keep track of the currents that matter most. It is especially hard in the mining supply industry, which depends on a mining sector that flaps around like a kite on a string. Falling metal prices can seem like the end of the world for mining companies and their suppliers.

Prices have certainly slumped as ballooning supply met slowing demand, but despite the short-term pain, talk of the end of the supercycle for metals is just misguided. Metal production will continue to grow because demand will grow.

Forecasts still show three billion more people will be looking for new homes in cities by 2050. Furthermore, the British Geological Society reports that the world’s output of smelter copper increased by 22 per cent between 2013 and 2014 alone. Bismuth output jumped by 21 per cent and mercury by just under 21 per cent. Continue Reading →

SNC-Lavalin job cuts not indicative of wider trends in mining: expert (CBC News Sudbury – December 9, 2016)

http://www.cbc.ca/news/canada/sudbury/

The news coming out of SNC-Lavalin to shed jobs across Canada, including some in Sudbury is disappointing, according to an expert in mining and supply services in the northeastern Ontario city.

The large engineering company announced another round of job cuts Thursday, totaling 405 across Canada, due to the weakness in the mining sector and ongoing efforts to boost its profit margin. Five of those layoffs are in Sudbury, according to a company spokesperson, as SNC-Lavalin will shut down its office in the northeast.

The moves don’t come as good news, given how much work the engineering firm does for mining companies in northern Ontario, said Dick Destefano, the executive director of the Sudbury Area Mining Supply and Services Association, but he added that it’s not indicative of a wider problem in the sector. Continue Reading →

Sudbury company keeps miners safe using IoT sensors – by Staff (Sudbury Star – December 5, 2016)

http://www.thesudburystar.com/

Maestro Mine Ventilation, a Sudbury company, was recognized last week for its commercial success during the second Ultra Deep Mining Network symposium in the Nickel City. UDMN presented Maestro with its Outstanding Achievement in Commercialization award for a technical innovation which ensures the safety of underground miners.

“The rapid commercial sale of this product to some of the deepest mines in the world is a testament that Maestro’s efforts combined with UDMN funding and guidance can in fact bring technology faster to market which in turn benefits the mining industry and Canadians,” the network said in a press release.

The focus of the $35 million Ultra-Deep Mining Network (UDMN), which has 76 member companies across Canada, is to help to solve the challenge of mining in ultra-deep environments. Continue Reading →

Mining industry electrifying for MacLean – by Ella Myers (Northern Ontario Business – December 2, 2016)

https://www.northernontariobusiness.com/

Don MacLean has always felt there is a “continual sense of change and renewal” in mining. After 60-plus years in the industry, the founder of MacLean Engineering should know. The mining technology engineer saw the beginnings of the diesel age, putting the first diesel scoops in Sudbury’s Creighton mine in 1964.

Now, over 50 years later and involved as ever, MacLean is experiencing the “electrification of the mining industry,” as he works on introducing electric mining equipment at Goldcorp’s Borden mine site near Chapleau.

The shifts have “just been a rush,” he said. “I’ve never worked a day in my life,” is MacLean’s oft-shared trademark sentiment on the industry. Continue Reading →