A new publication from PricewaterhouseCoopers, Financial Reporting in the Mining Industry - International Financial Reporting Standards (FRIM), provides an essential guide on how to tackle the many challenges which arise in applying International Financial Reporting Standards (IFRS) to the mining sector.
IFRS does not easily accommodate some important characteristics of the mining industry, including:

The […]

ESCO and Elecmetal have signed a joint venture agreement for a ground engaging tool (GET) foundry to be constructed in Chile. ESCO and Elecmetal have a nearly 50-year licensee relationship, and this joint venture further strengthens that bond. Elecmetal will continue to act as ESCO’s exclusive licensee in Chile. Construction of the new foundry is slated […]

Endless LLP, a Yorkshire-based (UK) buyout and turnaround fund, has backed a management buyout of the heavy engineering business DavyMarkham. The investment will underpin the company’s turnaround and enable DavyMarkham to re-establish itself as a world-leading brand in the heavy engineering market.
DavyMarkham has a long and proud history in the design, manufacture, fabrication and machining […]

This year, Brunner & Lay, is celebrating 125 years of continuous operations under the ownership and control of the founding family. The original products manufactured by this enterprise were those used in the sculpturing of stone, production of monuments, building stones, and ‘objects d’art’.
From a very inauspicious beginning in small blacksmith shop originally started in […]

The new Caterpillar 988H wheel loader fuel management system delivers solid productivity and fuel savings of as much as 15%in truck loading, and even more in load and carry operations. By lowering engine speed during all but the digging portion of each cycle, the proprietary system minimizes impact on productivity while gaining significant fuel savings. […]

The accomplishments of the American coal industry under the new Mine Improvement and New Emergency Response (MINER) Act of 2006 have been remarkable in view of the relatively brief period the regulations have been in place. But because the year-old federal mine safety law is not yet fully implemented, additional requirements at this time would […]