Tag Archive for 'Mining'

MICHELIN Introduces New Rigid Dump Truck Tire

XTRA LOAD Tire Range Provides Productivity Advantages for 40- to 80-ton Payload Trucks

Michelin Earthmover today announced the next generation of rigid dump truck (RDT) tires with the introduction of MICHELIN® X®TRA LOAD GRIP and the MICHELIN® X®TRA LOAD PROTECT. The first-ever “3-star” 24.00R35 tire size on the market1, the new MICHELIN XTRA LOAD range will allow users to increase load capacity or accommodate faster speeds to maximize productivity.

“It is a common worldwide practice to add side boards and lift gates to rigid dump trucks in order to increase payload capacity for optimal profitability. This demand puts incredible stress on the tires,” said Jamey Fish, director of earthmover marketing for Michelin North America Inc. “This new, robust Michelin tire range provides a solution so that the maximum amount of material can be loaded into these trucks while still delivering traction, damage resistance and increased tire life.”

The new MICHELIN XTRA LOAD tire is available for two surface applications experienced by RDTs:

MICHELIN XTRA LOAD GRIP for soft, loose, muddy ground conditions — experienced in mining and quarrying operations on slopes and inclines, where the priority is high grip and traction. Due to a reinforced casing, the tire has a 16 percent higher payload2, or an increase of nine tons in load capacity per machine — a huge increase in productivity when multiplied by the number of cycles made daily. And with a tread comprising 30 percent more lug edges3, increased grip improves braking, cornering and accelerating. The tire has the ability to drive 21 miles per hour due to the cooler internal running temperatures4. The tire also provides 8 percent more wear resistance5, with more rubber in the contact patch and improved damage resistance with corrosion-isolating steel cables. This tire replaces the Michelin XDT® and X® Traction offers.

MICHELIN XTRA LOAD PROTECT for hard, sharp, abrasive conditions on flat, dry surfaces — where the priority is protection and damage resistance, conditions that are present in areas such as quarries and construction sites. This application is for customers who want to carry more load and increase the distances they carry every hour. The new highly protective and damage-resistant tread pattern contributes to a better load distribution across the contact patch. This tire has interlocking blocks and improved heat dissipation that reduces the temperature in the tread area by up to 17 degrees F. This tire replaces the Michelin X®QUARRY S and X®HAUL tires offers.

Productivity — as measured by TMPH — is a function of load and distance covered in an hour. For the new XTRA LOAD GRIP, the TMPH is increased by at least 20.3 percent in the A4 compound and 13.5 percent for the B compound, when compared against previous Michelin ranges6. For the new XTRA LOAD PROTECT, the TMPH is increased by at least 14 percent in the A4 compound and 42 percent for the B compound, when compared against previous Michelin ranges. This extended load and speed capability will allow users to optimize machine cycles and increase productivity. Greater volume of tread rubber in contact with the ground contributes to better load distribution, improved wear resistance and an increase in tire life.

With the two tread compounds (A4 and B), dealers will experience easier stock management. The four new Michelin offers will replace five existing offers as outlined below:

XTRA LOAD GRIP A4*** replaces XDTA4**

XTRA LOAD PROTECT A4*** replaces X-QUARRY S**

XTRA LOAD PROTECT B*** replaces X-HAUL**

1) Previously most 24.00R35 tires carried a ** rating; the X®TRA LOAD is the first carrying a *** rating. Star rating is the industry indicator of load capacity for a given dimension governed by the Tire and Rim Association. Compared to the same size in BRIDGESTONE® VMTP and VRLS – Source BRIDGESTONE® OTR Databook 2016 and MICHELIN® XDT™, MICHELIN® X® TRACTION™ SC – Source Michelin Databook 2017.

2) 30% more lug edges in contact with the ground. Based on customer feedback done on: 140 tires (field tests) in 10 countries at 23 customers during 2016 and 2017.

3) Star rating is the industry indicator of load capacity for a given dimension – Tire and Rim Association.

4) Compared to the same size in MICHELIN® XDT™, this data comes from Michelin Data Book 2017.

5) Compared to the same size in MICHELIN® XDT™, field tests measurements certified by the Michelin Center of Technology.

6) These data comes from Michelin Data Book 2017 and BRIDGESTONE® OTR Databook 2016.

To learn more about earthmover tires and services, visit www.michelinearthmover.com.

Caterpillar Venture Capital Invests in Alight Mining Solutions™

Investment to support Caterpillar’s mining customers with financial forecasting and scenario analysis

Caterpillar Venture Capital Inc., a wholly owned subsidiary of Caterpillar Inc. (NYSE:CAT), announced today a strategic investment in Alight, Inc., a San Francisco-based SaaS (software as a service) technology company that develops industry-specific solutions for financial forecasting and scenario analysis. The unique software has modules that are designed specifically for different industries, with mining and mortgage banking as the first two target industries.

Caterpillar has begun discussions with Alight Mining Solutions to develop enhanced solutions that will combine data from technology-enabled machines with financial forecasting software to help mining companies make more real-time business decisions.

Alight’s cloud-based products allow users to pull data from other systems such as Cat® MineStar™, quickly run multiple scenarios to facilitate financial decision making and then create enterprise-level financial forecasts.

“We’re always looking to invest in new ways that could help Caterpillar’s customers improve their profitability, especially through the use of technology,” said Jim Hawkins, managing director of mining technology for Caterpillar. “Alight’s technologies can allow our customers to see the financial impact of a machine or technology purchases as well as operational decisions before they’re made.”

“We are thrilled to partner with Caterpillar and help bring new levels of innovation to the global mining industry,” said Michele McGovern, CEO, Alight, Inc. “Caterpillar’s technology is making huge quantities of rich information available to its customers and our intention is to combine this data with Alight’s solutions so that data can be used to drive decision making to find greater profits and opportunities for growth.”

Like Cat MineStar, Alight’s mining offering was developed by mining industry experts, specifically for mining customers. Combining Alight’s software with Cat MineStar will allow production data such as tons-moved to be viewed in context of financial information such as costs and revenues, helping miners make assessments at the site level and analyze strategic opportunities throughout the enterprise.

“Our mining customers make decisions on very large capital investments, in market conditions that are constantly changing,” continued Hawkins. “We believe that the solutions we are looking to develop with Alight could help them better understand the impact of these decisions on production and operations as well as on profit margins and cash flow.”

Cat MineStar, part of the Cat Connect family of technologies and services, helps customers deal with everyday challenges: controlling costs, extending equipment life, and enhancing safety. For mines large and small, above and below ground, Cat MineStar works with any brand of equipment helping customers leverage data across their existing machines, systems, and technologies to boost business results and gain their competitive edge.

About Caterpillar
For more than 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2016 sales and revenues of $38.537 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments – Construction Industries, Resource Industries and Energy & Transportation – and also provides financing and related services through its Financial Products segment. For more information, visit caterpillar.com. To connect with us on social media, visit caterpillar.com/social-media.

About Alight
Alight is a fast-growing provider of industry-specific, cloud-based applications that change the way businesses are run. Alight’s applications let executives Manage the FutureÔ by showing the financial ripple effects of potential decisions across the enterprise. Alight works with firms in dynamic and complex industries, including mining and mortgage banking. For more information: alightinc.com.

John Deere Adds Industry-Leading 20,000-Hour Warranty on 944K Hybrid Wheel Loader Power Electronic Components

On the heels of its most successful CONEXPO-CON/AGG ever, John Deere is now offering a 96-month (eight-year)/20,000-hour power electronic components warranty on the 944K hybrid wheel loader. The warranty is retroactive to existing machines in the field and provided on new 944K loaders through October 31, 2018.

“We continue to build confidence in our hybrid technology and the high-design life of machine components,” said Jason Daly, director, customer and product support, John Deere Construction & Forestry. “As our hybrid experience continues to grow, we feel strongly that this 20,000-hour warranty allows a customer the opportunity to go through a 15,000-hour rebuild/re-life without the expense of worrying about power electronic components.”

The warranty includes a 96-month (eight-year) or 20,000-hour (whichever comes first) non-prorated assurance on wheel motors, generators, power inverters and brake retarders. Certain customer conditions must be met to maintain warranty coverage. This includes component rotation between 15,000 and 18,000 hours; drive voltage cables replacement between 15,000 and 18,000 hours; and an annual dealer machine inspection.

The 536 horsepower 944K hybrid wheel loader features an EPA Interim Tier 4 engine (IT4), and it can provide significant fuel savings over 9-yard3 loaders with conventional drivetrains*. The production-class wheel loader’s brushless AC generators and motors, water-cooled brake resistors and solid-state power electronics deliver reliable, long-term performance to quarry and large-load applications.

For additional information, visit http://www.deere.com/Quarry or contact your local dealer.

*Actual fuel consumption rates and savings will vary with machine application, utilization, operator and model of competitive unit.

Caterpillar Sponsors Hackathon to Create Innovative Solutions for Boosting Mining Equipment Operator Performance

Software developers, data scientists, engineers and entrepreneurs will convene in San Francisco from September 23-25, 2016 for a 54-hour hackathon sponsored by Caterpillar and Unearthed, an Australia-based open innovation organization for the global resources sector. The hackathon format brings together creative problem solvers and industry experts who work in teams under intense time pressure to propose prototype solutions to industry challenges.

“Caterpillar is pleased to sponsor Unearthed San Francisco,” said Tony Johnson, marketing manager for Caterpillar Global Mining, Surface Mining & Technology Division. “It’s especially fitting to host this event just prior to MINExpo where Caterpillar will showcase a strategy of continuous innovation,”

cat-793f-mining-truck-at-work“The Unearthed organization has inspired more than 1,000 innovators to attack problems in the global resources sector, and in the process, at least 150 promising solutions have been produced,” said Roberto Ortega, Innovation Incubator, Caterpillar. “We’re excited to put that kind of energy and imagination to work on behalf of our customers.”

Among the innovations emerging from Unearthed events are novel sensors and analytics for preventing oversize material from blocking the crushers on iron ore sites, predictive algorithms that dramatically reduce the need for lab sampling, and wearable devices that improve workplace safety. Some of the mining and oil & gas companies taking advantage of this approach include BHP Billiton, Iluka Resources, Newcrest, Rio Tinto and Woodside.

“The global resources sector faces unprecedented pressure to improve the efficiency and sustainability of its operations, and at the same time it will see nearly $1 trillion of impact from new technologies in the decade ahead,” explained Justin Strharsky, director of Unearthed. “We are helping industry adapt by creating opportunities for entrepreneurs.”

The task at hand

In San Francisco, Caterpillar will challenge hackathon participants to propose innovative ways to use telematics data and real-time coaching to improve surface mining truck operator performance.

“Operator technique has a profound effect on productivity, fuel efficiency, component life and operating costs,” explained Johnson. “Our customers spend a lot of time and resources on traditional training activities, but we believe we can augment their work with data, analytics and real-time feedback.”

Using several large datasets from Caterpillar, hackathon participants will spend the weekend exploring how the information could be used to improve operator performance, predict potential problems, reward desired behavior and reduce machine misuse. Caterpillar subject matter experts will be on hand to provide industry perspective.

At the end of the session, teams will have five minutes to present their ideas and five minutes to respond to questions from a panel of judges. Cash prizes will be awarded for the top prototypes. The first-place team will be featured in a video shown at MINExpo 2016, the world’s premier mining equipment and technology exhibition.

“We expect that the solutions provided by the hackathon participants will be applicable to surface and underground mining equipment,” Ortega said. “In the spirit of innovation, the solutions are likely to be applicable to most types of heavy equipment and not limited to mining applications.”

“The hackathon is just one more way we’re putting the latest tools, processes and ideas to work for Caterpillar customers—helping them improve safety, increase production efficiency and reduce costs,” Johnson concluded.

To learn more about Unearthed San Francisco, go to http://unearthed.solutions/events/unearthed-san-francisco-2016/

Komatsu to acquire U.S. mining equipment manufacturer Joy Global

Komatsu logoKomatsu Ltd. (Head office: Minato-ku Tokyo, President and CEO: Tetsuji Ohashi, hereafter “Komatsu” or “Company”) announced today that it has signed a definitive agreement with Joy Global Inc. (Head office: Wisconsin, USA, CEO: Edward L. Doheny II, hereafter “Joy Global”, NYSE), a leading manufacturer of surface and underground mining equipment, under which Komatsu America Corp. (Head office: Illinois, USA, Chairman and CEO: Rodney Schrader, hereafter “KAC”), a wholly-owned subsidiary of Komatsu in the USA, will acquire 100% ownership of Joy Global (hereafter “Acquisition”). The Acquisition is expected to close in mid- 2017, subject to the approval of shareholders of Joy Global and the receipt of necessary regulatory approvals under laws in relevant countries.

Purpose of the Acquisition

Komatsu embarked in April on a mid-range management plan for the next three years (2016-2018) under the slogan “Together We Innovate GEMBA Worldwide – Growth Toward Our 100th Anniversary (2021) and Beyond”. The Acquisition is in line with the growth strategy of the plan which calls for the Company to strengthen the core mining equipment business in an effort to achieve sustainable growth.

Joy Global is a worldwide mining machinery and services company founded in 1884. Through its leading brands — P&H, Joy and Montabert – Joy Global manufactures and services advanced original equipment and parts for underground and surface mining applications, as well as material handling systems and components for a variety of applications, products that complement existing Komatsu products. The company’s integrated technology, services and solutions are a critical component of operations in a variety of commodity markets including energy, hard rock and industrial minerals. The company operates globally and generates an annual revenue of 3,172 million US dollars (approximately 333 billion yen at @105yen/U$).

Komatsu has engaged in the mining equipment business since its foundation in 1921. In the 1990s the Company expanded by acquiring selected mining equipment manufacturing and distribution businesses operating in major mining regions. Today, Komatsu’s annual revenue of 450 billion yen from mining equipment business is generated by surface mining equipment only, as the Company’s portfolio does not include equipment for underground mining. Further, the Company’s product lineup does not include super large-sized loading equipment for surface mining.

Demand for mining equipment has declined dramatically from the peak, reflecting economic slowdown in emerging countries and low commodity prices. Over the long term, however, the mining equipment business is projected to grow, driven by population growth and rapid urbanization around the world. In terms of mining techniques, economic rationale will call for use of larger equipment in surface mining as well as further development of underground mining.

Joy Global and Komatsu’s product lines will integrate well, expanding options for customers worldwide, as Komatsu can now offer the underground mining equipment and super large-sized loading equipment of which Joy Global is a leading provider. Both companies value a direct sales and service approach and will continue to engage with customers globally. Merging manufacturing technologies and linking products through Komatsu’s fleet management system will further capabilities on both sides to directly engage with customers to optimize machine performance and enhance automation for safety and productivity gains. Komatsu will continue to offer Dantotsu products, Dantotsu services, and Dantotsu solutions to our customers to jointly create innovation in mining operations.

Benefits of the Acquisition

The corporate culture at Joy Global values pursuit of safety, improvement of customer productivity ($/ton reduction), and the drive for innovation. This is very similar to the corporate culture at Komatsu. Komatsu and Joy Global also share the approach of offering “direct sales/services” to customers, engaging with them directly to address issues at their jobsites. The Acquisition of Joy Global, which shares similar cultures, values and strategies with Komatsu, is expected to bring Komatsu the following two benefits.

(1)Complementary product lineup

Joy Global’s lineup of surface mining equipment includes rope shovels, super large wheel loaders, draglines and drills which Komatsu does not offer. Joy Global’s lineup of rope shovels and super large wheel loaders pair well with the super large electric dump truck Komatsu manufactures and will generate synergies in sales and services. In addition, Joy Global manufactures underground mining equipment, another area Komatsu has not engaged in. With the Acquisition, Komatsu will become a meaningful participant in underground mining as well. The Acquisition will allow Komatsu to offer Dantotsu products to customers in both surface mining and underground mining businesses.

(2)Stronger Dantotsu solution offerings

Joy Global places priority on providing solutions that enhance safety and productivity of customer operations. For example, JoySmart Solutions leverages the Internet of Things to connect customer products with experts using data and analytics to improve mine performance. Komatsu also engages in the improvement of safety and productivity with its Autonomous Haulage System, mine fleet management systems and KOMTRAX Plus, which all serve to visualize jobsite operations. Data obtained from IoT-based mining equipment and systems will be connected and used through the open platform of Komatsu and this will bring synergies in providing Dantotsu solutions to customers.

Structure of the Acquisition

This Acquisition is structured as a reverse triangular merger between Joy Global and a wholly owned subsidiary KAC has established for the purpose of the Acquisition (“Acquiring Subsidiary”). Joy Global will be the surviving company and the shareholders of Joy Global will receive the cash payment as described below. At the same time, shares of the Acquiring Subsidiary owned by KAC will be converted into outstanding shares of the surviving company, making the surviving company the wholly-owned subsidiary of KAC. The Acquisition is subject to approval by the meeting of shareholders of Joy Global, receipt of necessary regulatory approvals under the applicable laws in relevant countries, and the satisfaction of other customary closing conditions stipulated in the Acquisition agreement. Under the Acquisition agreement, Komatsu guarantees the performance of obligations of KAC and the Acquiring Subsidiary.

Komatsu will acquire Joy Global for U$ 28.3 per share (total of approximately 2,891 million US dollars * (approximately 303.6 billion yen at 105yen/U$)). Komatsu plans to finance the Acquisition through funds on hand and bank loans and does not plan to increase capital at this stage.

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Future outlook

After the Acquisition is complete, Joy Global will become a consolidated subsidiary of Komatsu. The Company will make a disclosure of the impact of the Acquisition on its performance in a timely fashion as needed after the close of the transaction.

As the Acquisition is expected to close in or after April 2017, the Acquisition will have no impact on the results and performance of Komatsu for the fiscal term ending March 2017.

Information in the news releases is current on the date of the announcement and is subject to change without notice.

To view the complete release click here: