Hitachi and CSIRO to cooperate on research and development

Hitachi has joined forces with the Commonwealth Scientific and Industrial Research Organisation (CSIRO) to develop technologies for mining equipment.

Hitachi mining range

The two companies will collaborate on research and development projects in artificial intelligence (AI), security, material tracking, urban systems, Internet of Things (IoT) sensing, autonomous systems and more.

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Eighty tonnes in a single scoop: Mega-mining iron ore

Iron ore being mined in Western Australia
Australia is the world’s largest producer of iron ore

It is the rock that has fortified Australia’s recession-defying economy.

Iron ore has helped to raise living standards in the country, supercharge pension funds, and bankroll governments. It is the key ingredient of steel, and is Australia’s most lucrative export.
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Hitachi follows Bradken acquisition with H-E Parts buy

By Paul Moore, 23rd December 2016 on IM-Mining

Hitachi Construction Machinery buying Bradken

Bradken has agreed to a takeover bid by Japan’s Hitachi Construction Machinery (HCM) in a deal analysts say may indicate the worst of the mining downturn has passed. Yuichi Tsujimoto, HCM President said his company believes Bradken’s “businesses are complementary with our mining equipment services business. Both companies leveraging each other’s global network will enable us to strengthen our combined businesses and enhance our earnings.” Continue reading “Hitachi Construction Machinery buying Bradken”

Hitachi Construction Machinery Co. plans to buy Australia’s Bradken Ltd., in its largest ever purchase.

Hitachi Construction Machinery offers $529 million for Bradken
Hitachi Construction Machinery offers $529 million for Bradken
Hitachi excavators are sold at an industrial equipment auction in Dunnigan, California.

Hitachi Construction Machinery Co., the world’s biggest maker of giant excavators, has offered 689 million Australian dollars ($529 million) to buy Australia’s Bradken Ltd. The purchase would be its biggest ever and is likely to boost profit by about 10 percent, Nomura Securities Co. said.

Continue reading “Hitachi Construction Machinery Co. plans to buy Australia’s Bradken Ltd., in its largest ever purchase.”