Dyno Nobel of Oslo, Norway, will acquire the explosives division of Ensign-Bickford Co., a subsidiary of Connecticut-based Ensign-Bickford Industries.
Under the deal, Ensign-Bickford will surrender most of its explosives assets to Dyno Nobel in exchange for a large share holding.
Regulators have yet to approve the deal, which would see the new company based in Oslo.
The company is expected to have annual revenue of nearly US$900 million. It would employ roughly 4,000 people and operate in 36 countries.
Engineering firms consolidate
Resource Service Group (RSG) and Global Mining Services (GMS), both of which are based in Perth, Australia, have merged to form RSG Global.
The company has four divisions: mining engineering, exploration and resources, auditing, and technical services.
RSG Global will operate offices in Australia, South Africa, Ghana and Peru.
Brock to head Atlas Copco
Gunnar Brock, former president and chief executive officer of Swiss-based Tetra Pak Group, is the new president and CEO of Atlas Copco.
Between 1974 and 1992, Brock worked in various positions within Tetra Pak, a manufacturer of systems for processing, packaging and distribution of liquid food. From 1992 to 1994 he presided over the Alfa Laval Group, a sister company to Tetra Pak. He was president of the Tetra Pak Group from 1994 to 2000.
Reedrill aids rescue
The nine miners who were trapped for more than 75 hours in the Quecreek mine, near Pittsburgh, Pa., were recovered with the help of equipment manufactured by Reedrill Drilling, based in Denison, Tex.
The men had been trapped more than 200 ft. below the surface after accidentally breaking through a wall and releasing water that had collected in the adjacent abandoned mine.
Charles Merlo, a contract driller in Mineral Point, Pa., received a call from the Bureau of Mines rescue team after the rotary drill being used in the rescue shanked its bit. Within four hours, a new drilling crew was in place using Texoma auger drills, made by Reedrill.
The miners were rescued 17 hours later.
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