[ad_1] Martin Dummigan, new managing director of mobile conveying specialist, Terex. Charles Macdonald – Sydney January 27, 2016 Mobile conveying specialist Telestack has appointed Martin Dummigan, formerly at Terex, as its new UK-based managing director. In his previous 10-year career at Terex, Dummigan held various roles. His last saw him serve as vice president, China
Read More[ad_1] Flexco HXF Super RHS Extra Heavy-Duty Primary Belt Cleaner. Charles Macdonald – Sydney January 27, 2016 Bulk material handling equipment supplier Transmin and belt conveyor component specialist Flexco have announced what they describe as a “Global Project Partnership Agreement”. According to both companies, the agreement “delivers mutual customers Transmin’s world-class engineered equipment and supplies,
Read More[ad_1] Bulk shipping is at its cheapest point in some time. Photo: Oliver Probert Mixed results are expected for Australia’s bulk exporters, as the Baltic Dry Index continued its decline last week. Fears of a global trade slowdown have driven the index – used as an indicator for the price of bulk commodity shipping –
Read More[ad_1] Qube is looking to drastically expand its multi-modal portfolio. Photo: Qube Qube is reportedly working to assuage concerns over China Investment Corporation (CIC)’s involvement in its bid for Australian port and rail giant Asciano. The Chinese sovereign wealth fund is an investor with Global Infrastructure Partners, a key financial ally to Qube Holdings in
Read More[ad_1] Coal ships loading at Newcastle. Photo: Southern Cross Maritime Oliver Probert – Sydney January 27, 2016 Global demand for coal will grow until 2025, then will taper off to 30% of the world’s energy mix by 2040, according to a new report from ExxonMobil. ExxonMobil’s 2016 edition of The Outlook for Energy predicts global
Read More[ad_1] Photo: Shutterstock. Rio Tinto has sold its Mount Pleasant thermal coal mine to US-based MACH Energy for almost $320m. Rio this morning announced the sale, worth US$224m (AU$318m) plus royalties. The deal includes a payment on completion of US$83m, two unconditional deferred payments of US$58m each payable 8 and 16 months from completion, a
Read More[ad_1] Brazilian president Dilma Rousseff. Photo: Tânia Rêgo / Agência Brasil Brazil’s president is reportedly looking for a settlement by early February after a disaster at BHP Billiton and Vale’s joint venture Samarco mine killed 17 people last year. Brazil is said to be seeking as much as AU$7bn in damages after an iron ore
Read More[ad_1] Oversupply in the grain storage market could lead to increased competition. Photo: Shutterstock Oliver Probert – Sydney January 20, 2016 Excess up-country storage will increase competition and promote change in the Australian grains sector, according to a new report from market analyst Rabobank. In what he described as ‘The Next Hunger Games’, Rabobank senior
Read More[ad_1] The Rail-Veyor system in action. Photo: Youtube/Rail-Veyor A unique railway-conveyor system will be installed at a Canadian mine, manufacturer Rail-Veyor has announced. Rail-Veyor Technologies Global recently announced it has signed a contract to install a Rail-Veyor system at Agnico Eagle’s Goldex Mine in Val-d’Or, Quebec, Canada. The 3km underground material handling system will be
Read More[ad_1] Aurizon is feeling the force of struggling coal and iron ore markets. Photo: RailGallery Aurizon has lost almost $4bn of its market capitalisation in just over seven weeks, as the threat of losing a key WA iron ore contract fuelled investor uncertainty following a profit warning announced just before Christmas. The Queensland-based rail operator,
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