Saudi Arabia has launched an incentive package worth 685 million Saudi riyals ($182 million) for mining investors in the kingdom, along with several other incentives, as Riyadh looks to quickly develop and support the lucrative sector that will play a pivotal role in the transition to green energy. Al-Monitor reported in January that the Gulf country plans to award more than 30 mining exploration licenses to international investors this year and has revised its estimates for untapped mineral resources to $2.5 trillion, up from a 2016 forecast of $1.3 trillion. The $182 million ..read more

According to GlobalData, there are over 7925 surface mines in operation globally, of which 806 are in the Middle East and Africa. GlobalData tracks and profiles over 33,000 mines and projects from early exploration to closure, across more than 150 countries and more than 100 commodities. Buy the latest mine-site profiles here. The following are the ten largest surface mining projects by production in the Middle East and Africa in 2023, according to GlobalData’s mining database. 1. Sentinel Copper Mine The Sentinel Copper Mine is a copper mining project in North-Western, Zambia. The ..read more

A unit of International Holding Company, Abu Dhabi’s most valuable company, is interested in acquiring Zambia’s Lubambe copper mine, an asset that China’s JCHX Mining has already agreed to buy, three sources familiar with the details told Reuters. International Resources Holding recently told EMR Capital that it is interested in bidding for the private equity manager’s 80% stake in the Lubambe copper project, which is up for sale, a development that may complicate a sale process that’s already underway, two of the sources said. The IHC unit’s interest in Lubambe, with potential to be ..read more

Sulzer’s hydraulic power recovery turbine expertise to deliver major operational cost savings Hydrogen and nitrogen are important gases for many industrial processes, with the former being hailed as a sustainable fuel for the future. To create ‘blue’ hydrogen, a carbon capture process that requires considerable electrical energy is needed. However, a new plant being built in Texas, will use two hydraulic power recovery turbines (HPRTs) to dramatically improve operational efficiency and reduce energy consumption. The majority of the world’s industrial hydrogen is derived from methane (natural g ..read more

Cummins Inc. (NYSE: CMI) launched a new 15L diesel engine for the Off Highway market at Intermat 2024. This new product is displayed alongside a wide range of Cummins off-highway technologies on Booth 5a D063 at Intermat, in Paris, France Apr. 24-27, 2024. The Next Generation X15 diesel engine maintains reliability and reduces operating costs, while delivering reduced emissions and improved fuel efficiency benefits. The engine is part of the Cummins HELM platform and offers customers the option to choose the fuel type that best suits their business needs by offering a common base engine d ..read more

Behind the necessary ramp-up of renewable energies, the challenge of integrating them into the power grid occupied centre stage at the North & West Africa Energy Transition Forum. Rabat, Morocco, April 23, 2024 – According to Wärtsilä Energy, a leading power plant manufacturer and energy systems integrator in Africa, there are multiple constraints to be taken into account in order to increase the share of renewables while guaranteeing more reliable power production. To solve this complex equation, the issues of making the energy system more flexible, anticipating technological developments ..read more

Atlas Copco built the first piston air compressors in 1904 and 25 years ago, the organisation was first to introduce the revolutionary Variable Speed Drive (VSD) compressor technology. Staying true to this pioneering spirit and forward-thinking philosophy, Atlas Copco now unveils the first battery-operated portable screw compressor that incorporates VSD and PACE (Pressure Adjusted through Cognitive Electronics) technology! The B-Air 185-12 is not only an innovation that is set to transform the industry, but is also a sustainable game-changer for the environment. It is compact and por ..read more

The mining investment arm of Abu Dhabi’s most valuable company has offered to buy a majority stake in Vedanta Resources‘ Zambian copper assets, in its drive to build an African copper mining empire. The unit of International Holding Company, recently made an offer of more than US$1 billion to buy a 51% stake in Konkola Copper Mines (KCM) from Indian billionaire Anil Agarwal-owned Vedanta. The unit – International Resources Holding (IRH) – is racing to broaden its burgeoning copper mining business in Zambia after buying a 51% stake in Mopani Copper Mines in a deal worth US$1.1 bi ..read more

Leading global law firm Baker McKenzie advised ZCCM Investments Holdings Plc (ZCCM-IH) on its strategic partnership with Abu Dhabi’s mining champion, International Resources Holding RSC Ltd (IRH), investing through its wholly-owned subsidiary, Delta Mining Limited (Delta). Delta has acquired a 51% interest in Mopani Copper Mines plc (MCM) and will invest USD 620 million in new equity capital, as well as up to USD 96 million in settlement of existing third-party letters of credit and up to USD 396 million of shareholder loans (the “Transaction”). The transaction sees Glencore exit from its ..read more

The transition to trilateral forklifts in narrow aisles has improved the operational efficiency of Fire Fighting Equipments. The redesign raised the storage capacity from 1,500 to 2,640 pallets in just three weeks. AR Racking, storage solutions leader, has successfully completed the implementation of its advanced AR PAL system in the warehouse of Fire Fighting Equipments, S.L.U. in Carbonera de Frentes, Soria. This project, centred on the redesign of an old warehouse, represents a significant leap in storage capacity and efficiency for Fire Fighting Equipments. The installation, which covers ..read more