Horizon Conveyor to supply new UK mine
U.K. supplier Horizon Conveyor Equipment has been contracted to provide integral components for 11 conveyors to be employed at Wolf Minerals’ (US-OTC: WFMRF) Drakelands tungsten-tin mine near Plymouth, England.
Horizon’s custom-made conveyor components for the project include idler sets, stainless steel rollers, specially designed v-ploughs for belt-return scraping, skirt rubbers and tracking equipment.
“We are very proud to be playing a role in developing the Drakelands mine,” Horizon’s managing director Alan Bowler said. “By manufacturing 95% of our products in-house, our design team has the flexibility to produce project-specific components to a high standard at low cost.”
When Drakelands gets up and running in mid-2015, it will be Britain’s the first new metal mine in 45 years, Horizon says.
The open-pit mine will measure 850 by 450 metres and reach a 200-metre depth. Annual production at the mine is expected to reach 5,000 tonnes of tungsten concentrate and 1,000 tonnes of tin concentrate.
Wolseley buys Goodman Industrial
Wolseley Industrial Canada — a subsidiary of plumbing and heating supply giant Wolseley (LSE: WOS) — has snapped up Goodman Industrial’s pipe, valve and fitting (PVF) business.
Goodman has a dozen employees operating out of Esterhazy, Sask., where it was founded in 1970. It primarily serves the potash industry as a PVF supplier.
“We’re excited to welcome everyone from Goodman to the Wolseley Industrial family. The Goodman employees will play an important role in helping Wolseley Industrial continue to grow and achieve success,” Wolseley Industrial Canada vice-president Bryn Murray said.
Goodman will transition to the Wolseley Industrial name.
“The acquisition of Goodman Industrial strengthens the position of Wolseley Industrial in the Saskatchewan market,” Murray added.
Wolseley employs 39,000 worldwide and has 2,900 locations, with 220 in Canada.
Weir Group to buy Trio for US$220M
With an eye on the aggregates market Weir Group (LSE: WEIR) is buying Trio Engineered Products for US$220 million.
Trio is an established Chinese-American manufacturer of crushing and separation equipment for the mining and aggregates markets.
“This agreement will allow Weir Minerals to build upon its successful comminution strategy,” Weir CEO Keith Cochrane said. Weir specializes in pumping equipment for mining mill circuits, which separate rock from ore and has recently supplied equipment for the comminution segment of the mill circuit.
Weir says the purchase will help provide a more complete product and service offering to customers; leverage Trio’s cost-effective manufacturing platform; capitalize on Trio’s global platform and relationships in global mining markets; and cross-sell Weir’s products in sand and aggregate markets.
Trio employs 700 people and has two manufacturing plants in Shanghai, and offices and facilities in the U.S. and Europe. In 2013, 31% of the firm’s revenue came from the North American market, with 25% from China and the rest from Australia, South America, Africa and Europe. In 2014 Trio is expected to generate US$120 million in revenue.
Glasgow-headquartered Weir serves the minerals, oil and gas, and power industries. Founded in 1871, the company has a presence in 70 countries with 200 manufacturing facilities and service centres, and more than 15,000 employees. The firm’s annual revenues topped $4.3 billion in 2013.
SGS contract extended at Sabodala mine
Teranga Gold (TSX: TGZ) has renewed SGS’s on-site laboratory contract at its flagship Sabodala gold mine in Senegal. SGS has operated the lab for the past four years and will continue to do so for at least five more years under the terms of the renewal.
The lab provides critical data to guide activities at the mine site. The lab’s technical capabilities include providing gold analyses via aqua regia for geology and plant samples, as well as carbon and bullion analyses.
The Sabodala gold mine is located in southeast Senegal, 650 km east of Dakar, and is the country’s only gold mine.
SGS specializes in inspection, verification, testing and certification. The Geneva-headquartered firm has more than 80,000 employers and a network of 1,650 international labs and offices.