HEAVY ENGINEERING
Hitachi Construction Machinery is strategic for both companies and we are especially excited about the complementary nature of our products and geographies. The companies share similar strategies in their commitment to innovation, customer service and reliability,” said Steve McBrayer, CEO H-E Parts International.“ We are excited to join in fulfilling Hitachi’ s 2020 Vision and commitment to global reliability.”
Hitachi completed the takeover offer of Bradken on April 7, 2017, by which time it had acquired more than 90 % of the issued and outstanding shares of Bradken and is in the process of acquiring the remaining shares of Bradken, aiming to make Bradken a wholly owned subsidiary. At the time the acquisition was first announced, Hitachi stated:“ Demand for construction machinery and mining machinery has decelerated in China, Indonesia, the CIS, and other emerging countries and has stagnated in advanced countries, and the market climate continues to be austere. Faced with these conditions, the company has promoted its‘ GROW TOGETHER 2016’ Mid-term Management Plan and proactively sought to streamline management, including through establishing a global support framework, in order to flexibly adapt to changes in the operating environment. In the future, the company intends to pursue growth through alliances and acquisitions in its core business of
manufacturing and distributing construction and mining equipment, together with the associated value chains. This will be combined with an ongoing focus on streamlining operations. Bradken’ s business is wide-ranging across the value chain globally. Its operations include a mining equipment business, a business for wear parts in mining, and a maintenance service business, as well as a manufacturing business of industrial products for mining and infrastructure. The company believes that the acquisition of Bradken will complement and bolster the parts service business in the company’ s mining business and expects further improvement in business income stability and profitability through mutual utilisation of a global network.”
This is what $ 16 million looks like
Our 2007 geotechnical study recommended a 5 ° increase to the pit slopes of Capstone’ s Minto copper-gold mine in the Yukon. Estimates suggested this would reduce waste stripping by ~ 4.5 million tonnes.
Fast forward to 2011. The pit is completed and we no longer need to talk about estimates. We know what happened.
As our rock engineering predicted, the steeper, stable pit slopes saved ~$ 16 million in stripping costs.
All part of Capstone’ s“ relentless pursuit of value”.
Ask us how we can add value to your next project.
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Factory investments
Aside from its ownership changes, Moly-Cop ' s latest grinding media facility in La Joya, Peru, was fully commissioned in November 2016. Moly-Cop has operated a grinding media facility in Arequipa, Peru since 1981 with an initial capacity of 10,000 t / y. For the past 34 years, this operation has gradually increased its grinding media production capacity to 60,000 t / y as a consequence of the increasing market demand in the Peruvian mining market for grinding balls. However, the continuous market demand in the region and technological advances in the production of grinding media resulted in Moly- Cop management making the decision to construct a new grinding media facility just 48 km from Arequipa in the town of La Joya.
Moly-Cop states:“ The location of the site is important, as La-Joya is located close to major southern mining operations and projects such as Freeport’ s Cerro Verde mine, the Cuajone and Toquepala operations of SCC, Glencore’ s Antapaccay, Hudbay’ s Constancia and MMG’ s Las Bambas mine.” Moly-Cop also operates a plant in Lima that services the central and northern grinding media markets of Peru.
This greenfield project was constructed on a 148,000 m ² site located in the La Joya District, 48 km from Arequipa. Civil works commenced in October 2014, with building construction starting in May 2015. The facility commenced operations in November 2016 and is currently ramping up to its design capacity to manufacture 174,000 t / y of grinding media. The facility also has the flexibility for future market growth with space allocated for additional production capacity.
“ As the new facility is situated in one of the driest environments on the planet, the design of the new facility has incorporated technologies to reduce the water consumption of the plant to the lowest within the Moly-Cop group. Given its strategic location, the facility is an extremely
56 International Mining | JUNE 2017