Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
Caterpillar is building on its Bucyrus acquisition with the recent signing of another contract to deliver an automated longwall plow system to Chinese company Gasification Co, part of Lvliang Dongyi Group. The system marks the 11th plow system from DBT/Bucyrus/Caterpillar for delivery to Chinese mines. The system will be delivered in the first quarter of 2013 and will go to work in the Xinyan mine in Shanxi province. The system will mine a metallurgical coal seam with a height of 1 to 1.2 m (39 to 47 in), and the face length will be 240 m. (more…)