Daily Archives: 05/23/2019

Rio Tinto chooses Caterpillar for autonomous fleet at Koodaideri mine

A fleet of 20 autonomous Cat 793F trucks will soon be hauling ore at the Rio Tinto’s Koodaideri mine, currently under construction in the Pilbara region. They’ll be joined by four Cat autonomous drills, along with loaders, dozers, graders, water carts and shovels – making up Rio Tinto’s first Pilbara mine to be operated using mostly Caterpillar machinery.

The relationship with Caterpillar and regional Cat dealer WesTrac at Koodaideri will enhance Rio Tinto’s industry leading Mine of the Future program.

Kidman Resources accepts Wesfarmers $534m takeover bid

Australian lithium miner Wesfarmers (ASX:WES) announced on Thursday that it has entered into a Scheme Implementation Deed (SID) with Kidman Resources Limited (ASX:KDR), confirming the terms to acquire 100% of Kidman’s outstanding shares.

The agreed price of $1.90 per share represents a premium of 47.3% to the last closing price on 1 May 2019, prior to the announcement of Wesfarmers’ proposal to acquire Kidman for A$776 million ($534 million).

The Kidman Board has unanimously recommended that Kidman shareholders vote in favour of the SID.