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Metso Outotec to bring unique fasteners and wear monitoring technology to its minerals customers by acquiring Davies Wear Plate Systems in Australia

Metso Outotec has closed today the acquisition of the Australia-based fastener and wear monitoring technology provider Davies Wear Plate Systems, extending its wear lining portfolio and capabilities.  

The acquired technology includes fasteners with a unique locking mechanism that does not require traditional studs and nuts and thus enables faster and safer maintenance work. Davies Wear Plate Systems’ portfolio also includes wear monitoring technology, which provides a real-time forecast of wear and expected liner change-out timing. The monitoring solution can be fitted to any metallic or ceramic liner, independent of attachment systems.

“This acquisition supports our target to offer comprehensive and unique solutions for the entire wear lining value chain. We are eager to introduce these advanced solutions globally to our customers; we now have the market’s widest range of optimized wear protection solutions, tools and services. The new technology will increase safety during maintenance and increase uptime. I warmly welcome the new colleagues to become part of the Metso Outotec team,” says Sami Takaluoma, President of Consumables business area at Metso Outotec.

WearSense™ monitors wear in real time and tells when it is time to change the linersWearSense™ monitors wear in real time and tells when it is time to change the liners

The acquired technology is already used by major mining companies, such as Rio Tinto, BHP Group and Fortescue Metals Group in Australia.

“We have been improving our product offering for years and we have received good feedback from our customers in Australia. Our products are ready to be rolled out to the global mining market. We are excited that we are now a part of a truly international company,” says Brian Davies, Founder, Davies Wear Plate Systems.

The parties have agreed not to disclose the value of the transaction.

About Davies Wear Plate Systems

The Davies Wear Plate Systems offering includes patented fastening systems, wear liner monitoring system and wear plates. Davies also supplies tools that provide safer and faster change-outs.

The company’s sales in fiscal year 2020 were AUD ~ 17 million (EUR 10 million) and it has approx. 30 employees. Davies has an office in Malaga, Perth and an operation facility in Esperance, Western Australia. https://www.davieswps.com/

Metso Outotec offers a wide range of optimized wear protection solutions, tools and servicesMetso Outotec offers a wide range of optimized wear protection solutions, tools and services

Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing, metals refining and recycling industries globally. By improving our customers’ energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change. 

Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its illustrative combined sales for 2019 were about EUR 4.2 billion. The company is listed on the Nasdaq Helsinki. mogroup.com

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US metals & mining industry sees a rise of 9.5% in deal activity in Q2 2020

The US metals & mining industry saw a rise of 9.5% in overall deal activity during Q2 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

A total of 46 deals worth $1.84bn were announced in Q2 2020, compared to the last four-quarter average of 42 deals.

2017 04 20 114457M&A was the leading category in the quarter with 42 deals which accounted for 91.3% of all deals.

In second place was venture financing with four deals, accounting for 8.7% of overall deal activity in the country’s metals & mining industry during the quarter.

In terms of value of deals, M&A was the leading deal category in the US metals & mining industry with total deals worth $1.83bn, followed by private equity deals totalled $5.19m.

The US metals & mining industry deals in Q2 2020: Top deals

The top five metals & mining deals accounted for 99.1% of the overall value during Q2 2020.

The combined value of the top five metals & mining deals stood at $1.82bn, against the overall value of $1.84bn recorded for the month.

The top five metals & mining industry deals of Q2 2020 tracked by GlobalData were:

  • ‘s $1.78bn merger of Alacer Gold and SSR Mining
  • The $23.78m merger of Evrim Resources and Renaissance Gold by
  • Metalla Royalty and Streaming’s $5.77m asset transaction with
  • The $4m acquisition of Idaho North Resources by Metalla Royalty and Streaming
  • Greenpro Capital’s acquisition of Millennium Sapphire for $4m.

This analysis considers only announced and completed deals from the GlobalData financial deals database and exclude all terminated and rumored deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage. 

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources. 

About GlobalData 

4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis, and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, technology, energy, financial and professional services sectors.

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US metals & mining industry M&A deals total $1.83bn in Q2 2020

Total metals & mining industry M&A deals in Q2 2020 worth $1.83bn were announced in the US, according to GlobalData’s deals database.

The value marked an increase of 65.5% over the previous quarter and a rise of 11.9% when compared with the last four-quarter average of $1.64bn.

2017 04 20 114457The US held a 20.7% share of the global metals & mining industry M&A deal value that totalled $8.86bn in Q2 2020.

In terms of deal activity, the US recorded 42 deals during Q2 2020, marking a rise of 35.5% over the previous quarter and a rise of 20% over the last four-quarter average.

The US metals & mining industry M&A deals in Q2 2020: Top deals

The top five metals & mining industry M&A deals accounted for 99.4% of the overall value during Q2 2020.

The combined value of the top five metals & mining M&A deals stood at $1.82bn, against the overall value of $1.83bn recorded for the month.

The top five metals & mining industry deals of Q2 2020 tracked by GlobalData were:

  • ‘s $1.78bn merger of Alacer Gold and SSR Mining
  • The $23.78m merger of Evrim Resources and Renaissance Gold by
  • Metalla Royalty and Streaming’s $5.77m asset transaction with
  • The $4m acquisition of Idaho North Resources by Metalla Royalty and Streaming
  • Greenpro Capital’s acquisition of Millennium Sapphire for $4m.

This analysis considers only announced and completed deals from the GlobalData financial deals database and exclude all terminated and rumored deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage. 

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources. 

About GlobalData 

4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis, and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, technology, energy, financial and professional services sectors.

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BASF and IntelliSense.io partner to accelerate the mining industry’s digital transformation

Global chemical company BASF and IntelliSense.io, a leading industrial artificial intelligence (AI) company, announced an exclusive partnership which will combine their expertise in mineral processing, ore beneficiation chemistry and industrial AI technology. The joint offering is called the ‘BASF Intelligent Mine powered by IntelliSense.io’ and delivers AI solutions embedded with BASF’s mineral processing and chemical expertise. This solution will enable mine operations to become more efficient, sustainable and safe.

  • BASF and IntelliSense.io announce strategic partnership combining chemical, mineral processing and digital expertise
  • BASF Intelligent Mine powered by IntelliSense.io delivers artificial intelligence solutions for ore beneficiation providing remote 24/7 optimization across the mine-to-market value chain
  • Optimization as a Service (OaaS) applications can be configured for individual mine sites within three months

BASF Intelligent Mine powered by IntelliSense.io is an open, real-time, decision-making platform that can be configured for individual sites, typically within three months. Each mining process, such as grinding, thickening, flotation and pumping, is supported by an Optimization as a Service (OaaS) application which predicts and simulates future performance, generating process-specific recommendations for insights and optimization. As multiple OaaS applications link together, customers can generate efficiency gains throughout the entire mine-to-market value chain.

Remote operations access allows for 24/7 visibility of mine operational and financial performance, with BASF process experts available to provide real-time support. Additionally, the in-built simulation tool can be used to test alternative operating conditions, train staff and run non-intrusive ‘what if’ scenarios.

2020 07 21 102045

The AI solutions are based on a hybrid cloud architecture, enabling both on site and cloud deployments, to help mining industry partners accelerate their digitalization programs in their operations.

Early adopters of the Intelligent Mine, Image Resources, have experienced promising results from the Intelligent Mine deployment in the mineral sands industry. “Image Resources is both excited and optimistic about the potential the BASF Intelligent Mine powered by IntelliSense.io can have to positively impact the accuracy and efficiency of our process control functions to meaningfully improve our bottom-line,” said Patrick Mutz, Image Resources Managing Director. “From our experience so far, we are confident it will achieve these results whilst simplifying and de-stressing operational decision making.”

“Our partnership with IntelliSense.io combines state of the art artificial intelligence and decades of ore beneficiation experience in to a powerful, fast and easy to deploy optimization platform,” said Damien Caby, Senior Vice President, BASF Oilfield Chemicals & Mining Solutions. “Efficiency improvements resulting from the first implementations by our joint dedicated team are helping customers accelerate the digital transformation of their mining operations.”

"In a tough economic climate, the need to focus on mining productivity, within sustainable and remote operational constraints, is driving pressure on operating and capex budgets and requires innovative solutions with accelerated value delivery,” added Sam G. Bose, CEO IntelliSense.io. “The partnership between BASF and IntelliSense.io ensures mining organizations have a partner that understands both their operational risk as well as new technologies.”

For those looking to accelerate their current digitalization efforts, more information on the BASF Intelligent Mine powered by IntelliSense.io can be found on www.basfintellisense.io or via a BASF Mining Solutions representative.

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Outotec introduces MesoTHERM BIOX process to significantly reduce cyanide consumption in refractory gold ore treatment

Traditionally, cyanide consumption with conventional bio-oxidation residues is higher than with residues produced through other oxidative technologies. The Outotec® MesoTHERM BIOX® process, based on Outotec’s proven mesophile BIOX process, offers an easy, cost-effective upgrade path that can cut cyanide consumption by as much as 50% compared to conventional bio-oxidation.

2020 06 29 091926The Outotec MesoTHERM BIOX process enhances the established mesophile BIOX process by combining mesophile bio-oxidation technology with a higher-temperature thermophile oxidative stage to enable an even more effective overall sulfide oxidation step.

Reduced cyanide consumption and simplified process operation

Outotec MesoTHERM BIOX cuts cyanide consumption by as much as 50% compared to conventional bio-oxidation and significantly reduce the formation of thiocyanate – a common and stable cyanide species traditionally formed as a further by-product. Solubilized species prevalent in the mesophile stage are decanted off in an inter-stage thickening step between the two oxidative processes, simplifying operation of the thermophile stage.

A simple, cost-effective upgrade path

Upgrading to BIOX MesoTHERM is a relatively simple process that involves reconfiguring the circuit with the addition of Outotec’s proven High Rate Thickeners for inter-stage thickening and Outotec OKTOP® Atmospheric Reactors for the thermophile step.

“Our conventional mesophile BIOX process has enabled the production of over 25 million ounces of gold to date. This novel process takes advantage of these proven technologies to help our customers achieve significant cost savings while also reducing their environmental footprint,” says Craig van Buuren, Senior Process Engineer, Outotec.

Key benefits

  • Reduces cyanide consumption by up to 50% and lowers reagent storage requirements
  • Produces cleaner BIOX product solids
  • Offers easy, cost-effective upgrade for existing BIOX operations
  • Based on proven technologies and standard processing equipment

For more information, please visit  https://www.outotec.com/products-and-services/technologies/hydrometallurgy/mesotherm-biox-process/

Outotec develops leading technologies and services for the sustainable use of Earth’s natural resources. Our 4,000 top experts are driven by each customer’s unique challenges across the world. Outotec's comprehensive offering creates the best value for our customers in the mining, metal, and chemical industries. Outotec shares are listed on NASDAQ Helsinki. www.outotec.com