Arcadium shareholders approve sale to Rio Tinto
Shares of Arcadium Lithium rose about 7% in extended trading after the company said that about 98% of its shareholders had voted in favor of the sale.
PELLA, Iowa — Vermeer Corporation and Vermeer Western Australia and Northern Territory are pleased to announce that Fortescue Metals Group of East Perth, Australia, has agreed to purchase 14 Vermeer® Terrain Leveler® surface excavation machines (SEMs) to be used in Fortescue’s vast mining operation located in Western Australia.
“This order comes after significant investment in product development by Vermeer, as well as commitment by the local dealer to support the operations,” says Mark Cooper, senior director for specialty excavation with Vermeer. “Having a respected industry leader like Fortescue embrace the technology further validates its place in the market.”
The Vermeer surface excavation machines allow mines to utilize precision surface mining — meaning mine operators can selectively extract mineral seams in surface mining applications. Operators can also control material sizing — producing small-sized material in a uniform configuration so minerals can be handled more efficiently than product produced by drilling and blasting. The uniform product size allows more efficient settings on secondary and tertiary crushing systems; savings that can continue well past the primary crushing stage.
Order delivery is scheduled to begin in December and additional machines will ship through September of 2012.
For more information on Vermeer products and services, visit the company’s website at www.vermeer.com or e-mail Vermeer at [email protected].
