Mexico: Cementos Moctezuma has awarded a contract to France-based Fives FCB to supply an FCB Horomill 3800 grinding mill for its Morelos cement plant in Tepetzingo. The supplier says that the mill offers a lower power consumption than any competing product in the market. The latest mill will be the 15th Fives FCB mill at a Cementos Moctezuma cement plant in Mexico. Fives FCB says that its mills had accumulated 1.5m hours of operation across three different sites at the end of 2022.
Qatar National Cement reports declining profit in the first nine months of 2023
Qatar: Qatar National Cement recorded a net profit of US$41.6m during the first nine months of 2023. Reuters has reported that this corresponds to a drop of 11% year-on-year from US$46.9m in the same period of 2022.
Siam Cement Group to support Waytous’ development of full-scope automated mining
Thailand: China-based intelligent dumptruck supplier Waytous has partnered with Siam Cement Group (SCG), as well as Thailand Advanced Info Service, Huawei, and Zhengzhou Yutong Mining Equipment, to develop full-scope automated operating systems for limestone mines. SCG will host a study at its Saraburi limestone mine in Central Thailand. The study will use Waytous’ driverless vehicles, supported by 5G, AI, cloud computing and new battery technologies.
Waytous CEO Chen Long "We've carried out two phases of unmanned mining research for this project and found the most comprehensive, efficient, and effective unmanned solution for cement mines in Saraburi.”
Tribunal nullifies latest Fair Competition Commission approval of Scancem’s acquisition of Tanga Cement
Tanzania: The Fair Competition Tribunal (FCT) lamented the ‘mischief prevailing in the market’ in a ruling nullifying the Fair Competition Commission (FCC)’s approval of Scancem International’s planned acquisition of a 68% stake in Tanga Cement, dated 28 February 2023. The Citizen newspaper has reported that the FCT granted the parties leave to apply for a review of its earlier decision of 23 September 2022, in which it initially rejected the attempted deal. In its latest judgment, the tribunal drew on principles from South African law to show that companies should be able to submit a new application within one year of rejection, provided there is a ‘substantial change’ of circumstances or market dynamics. The court added that no blame lay with the parties for having lodged their second attempted merger notification within such a timeframe.
