Centerra Announces Acquisition of AuRico Metals

Centerra Gold announced it will purchase all the common shares of AuRico Metals for C$1.80 per share in cash, representing an aggregate transaction value of C$310 million. The purchase price represents a 38% premium to the closing price of AuRico Metals' common shares on the Toronto Stock Exchange (TSX) on November 6.

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MMG Reports First Production From Dugald River

The first finished zinc concentrate left MMG Ltd.’s Dugald River mine on November 8. The milestone was celebrated during the official site opening attended by MMG Chairman Guo Wenqing and CEO Jerry Jiao, and many other dignitaries.

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Liebherr Completes Field Tests for T236 Hauler

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At an international press event last week in Leoben, Austria, Liebherr showcased its T 236 mining truck. This 100-metric-ton (mt) haul truck, which is powered by a diesel-electric drive system, is the first in this class with a four-corner, oil immersed braking system. Since its debut at MINExpo 2016 in Las Vegas, the T 236 has successfully completed its testing phase and has recently started its first field operation trials at the Erzberg iron mine in Austria.

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Metso Acquires WEARX

Metso has purchased Australia-based wear lining solutions provider WEARX. The company’s sales in fiscal year 2017 that ended on June 30 were AUD 35 million ($27 million). Headquartered in Newcastle, WEARX has operations in Ballina, Orange and Perth, and has about 140 employees.

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