Mining Equipment Market Continues to Recover
The amount of large surface mining equipment shipped worldwide, the latest deliveries to mines during July-September 2017, increased by more than 10%. Those gains come on top of very strong increases in the previous quarter and bring these equipment markets to nearly double that of the cyclical bottom reached in the second quarter of 2016. As measured by Parker Bay’s Surface Mining Equipment Index, the dollar-weighted shipments reached 62.3 (Q1 2007 = 100). While a very substantial rebound from the depths of the last cyclical contraction, the value of deliveries worldwide remains more than 60% below the peak level achieved in the first quarter of 2012.
CCTI Parnters With UW to Further Develop Cleaner Burning Coal Processes
Clean Coal Technologies Inc. (CCTI), a company that converts run of mine coal into a cleaner burning and more efficient fuel, recently signed a memorandum of understanding (MoU) with the School of Energy Resources at the University of Wyoming (UW) in Laramie. The focus of the agreement is to further develop the performance and commercial potential of CCTI’s coal-beneficiation technology.
Matrix to Distribute NLT’s N-Connex System
Matrix Design Group, LLC (Matrix) signed a distribution partnership agreement with Northern Light Technologies (NLT) for distribution and service of the N-Connex system throughout the United States and Africa. N-Connex is an award-winning networking system designed specifically for harsh environments, integrating voice and high-speed data communications, asset and personnel tracking, control and automation, video surveillance, condition monitoring and other solutions into a single modular, Wi-Fi and Ethernet-based platform.
MSHA Issues Equipment Alert for Kidde
The Mine Safety and Health Administration (MSHA) issued an alert for Kidde fire extinguishers in concert with an alert from the U.S. Consumer Product Safety Commission. Kidde has recalled 134 models of plastic-handled fire extinguishers manufactured between 1973 and present day. Some extinguishers have been known not to work when needed, others to come apart under pressure — one death has been reported. Some were sold under Kidde’s brand, some under the name of other retailers. Kidde will replace all defective models.