Continental has agreed to sell its ContiTech group sector, a major supplier of mining conveyor belts and industrial rubber products, to an affiliate of Lone Star Funds for €4.0 billion, with up to €250 million in additional performance-based payments. The divestment completes Continental’s exit from its broader industrial business, sharpening its focus on automotive and mobility technologies. For mine operators and EPC contractors, ownership of key conveyor, belt and sealing product lines will shift to a financial sponsor, potentially affecting long-term supply strategies, pricing and aftermarket support.

Canada has committed C$500 million ($352 million) to Newmont’s Red Chris Block Cave expansion in British Columbia’s Golden Triangle, backing the transition from open-pit to underground block caving and extending mine life into the mid-2040s. The project targets a porphyry resource of roughly 20 million oz gold and 13 billion lb copper, with the government projecting more than a 15% increase in Canada’s annual copper output and over 70% reduction in site greenhouse gas emissions once fully operational. Newmont, which operates Red Chris with 30% JV partner Imperial Metals, is finalising a definitive feasibility study and anticipates around 1,800 construction jobs and 1,500 peak operational roles.

Exxaro’s Grootegeluk coal mine in South Africa will serve as the test bed for Hitachi Construction Machinery’s new hybrid mining truck, aimed at cutting diesel consumption and advancing dump-truck decarbonisation ahead of the company’s rebrand to LANDCROS in April 2027. The trial will focus on integrating hybrid drive with digital monitoring systems to optimise haul profiles and energy recovery on large, continuous-pit haul routes. For mine planners and fleet engineers, performance data from Grootegeluk’s high-volume overburden and coal haul will be critical for future fleet selection and infrastructure power planning.