CA-Black-Transp

Liebherr to Expand Newport News Facility

Liebherr plans to invest $45 million in the expansion of its Newport News, Virginia, facility. The new expansion will include the construction of three new buildings on 28 acres adjacent to the Liebherr’s current manufacturing facility. Once completed, the new facilities will total more than 251,000 ft2.

Liebherr builds haul trucks at this location and it distributes and services its other mining and construction equipment from this facility as well.

“Since 1970, our continued success and commitment to customers in the United States has always been at the forefront of everything we have done and continue to do,” said Torben Reher, managing director of Liebherr USA, Co. “This expansion underlines our commitment and further strengthens our position in North America to deliver sustainable long-term growth and to offer exceptional and consistent experience to customers across the United States.”

The expansion will offer space for Liebherr USA Co.’s new headquarters and administrative building, a production and workshop facility, and a warehouse and distribution building. Construction is expected to begin in July and be completed by summer of 2020.

Rio Tinto Sells Kestrel Coal Mine in Australia

Rio Tinto has sold its 80% stake in the Kestrel underground coal mine in Queensland, Australia, for $2.25 billion to a consortium comprising private equity manager EMR Capital and PT Adaro Energy Tbk. Kestrel was Rio Tinto’s last remaining coal mine, following the divestments of Hail Creek and other undeveloped coal projects.

Subject to all regulatory approvals, completion is expected to occur in the second half of 2018. It will bring the total amount achieved from the recent divestments of Rio Tinto’s Queensland coal assets to $4.15 billion.

“The sale of Kestrel, together with the announced divestments of Hail Creek and our undeveloped coal projects, delivers exceptional value to our shareholders and will leave our portfolio stronger and more focused on delivering the highest returns through targeted allocation of capital,” said Rio Tinto Chief Executive J-S Jacques.

The Kestrel longwall mine, located in the Bowen Basin, 40 kilometers northeast of Emerald in central Queensland, Australia, produces high-quality coking and thermal coal products for export markets. In 2017, it produced 5.1 million metric tons (mt) of coal, comprising 4.25 million mt of hard coking coal and 840,000 mt of thermal coal. Rio Tinto reported marketable reserves for Kestrel of 146 million mt and mineral resources of 241 million mt.

 

Glencore to Purchase Hail Creek Coal Mine in Australia

Glencore has reached an agreement to acquire Rio Tinto’s 82% interest in the Hail Creek coal mine and adjacent coal resources, as well as its 71.2% interest in the Valeria coal resource in central Queensland, for $1.7 billion. The remaining 18% of Hail Creek is currently owned by Nippon Steel Australia Pty Ltd. (8%), Marubeni Coal Pty Ltd. (6.67%) and Sumisho Coal Development Pty Ltd. (3.33%). Each joint venture partner has the right to sell its share to Glencore through a “tag-along” right with respect to this transaction, which could result in additional consideration of up to $340 million.

Hail Creek is a large-scale, long-life and low-cost mine producing two-thirds premium-quality hard-coking coal and one-third thermal coal for export. Located 120 kilometers (km) southwest of Mackay, Hail Creek produced about 9.4 million metric tons (mt) of coal, which was exported through the Dalrymple Bay Coal Terminal. Hail Creek has resources of 794 million mt with proven and probable reserves of 142 million mt.

The Valeria thermal coal deposit is located 265 km west of Rockhampton and 67 km southeast of Glencore’s Clermont managed coal operation. It has resources of 762 million mt.

The acquisition is subject to regulatory approvals and is expected to be completed in the second half of 2018.

Last year, Glencore produced more than 87 million mt of coal from 17 mines in Queensland and New South Wales.

JENNCHEM Signs Exclusive Distribution Agreement With Quaker

JENNCHEM has reached an agreement with Quaker Chemical granting JENNCHEM exclusive distribution rights for Quaker’s mining ground-control agents. An affiliate of JENNMAR, JENNCHEM designs and delivers chemical roof support, rock stabilization and ventilation sealing products to the mining and underground construction industries. Quaker is a global provider of process fluids, chemical specialties, and technical expertise to a wide range of industries.

Specific products that will be branded JENNCHEM and exclusively distributed under the agreement include JENNCHEM PUR 70 (Minetech PUR 70), a two-component polyurethane product intended for ground stabilization and consolidation of fractured or unstable strata; JENNCHEM US Foam (Minetech Foamsil), a rapid reacting silicate foam system used for cavity filling applications; JENNCHEM US Grout (Minetech Aquasil), a two-component silicate injection resin used for ground consolidation, water stopping and strata reinforcement; and JENNCHEM J-FOAM (Minetech Q-Foam), a low-pressure spray polyurethane foam system.

“Together, we will be collaborating on innovative chemical solutions for ground control and ventilation products as well as providing superior service to our customers,” said Tony Calandra, executive vice president, JENNMAR. “This agreement will surely be an added benefit to the mining industry.”

Managing the JENNCHEM/Quaker alliance will be Quaker’s Jim Magro and JENNCHEM COO Fred Stafford. Brian Czartoski, lead chemical applicator with JENNCHEM, will be driving customer service and product enhancements.

 

Battelle Leads Team to Milestone in Carbon Capture Demo Project

Ten years ago, the U.S. Department of Energy (DOE) set a big goal. It wanted a scientific demonstration of injecting a significant amount of carbon dioxide (CO2) into the rock deep below the earth’s surface. Now, a Battelle-led team known as Midwest Regional Carbon Sequestration Partnership (MRCSP) has successfully stored 1 million metric tons of CO2 as part of its large-scale demonstration project. This MRCSP demonstration is one of eight such DOE projects helping to develop and deploy carbon capture, utilization and storage (CCUS), an advanced energy technology that can help support a secure, reliable and competitive energy system in the U.S.

Read more ...