SYDNEY, AUSTRALIA: MACA Limited (ASX: MLD) has entered into a binding Memorandum of Understanding (MoU) with Position Partners Pty Ltd and SafeAI Inc, with the parties agreeing to work collaboratively in relation to the deployment of autonomy to MACA’s mining fleet. SafeAI is a global autonomous heavy equipment company focused on retrofitting heavy equipment for…
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Downer sells open cut mining west to MACA Limited
AUCKLAND: Downer EDI Limited announced today it had completed the sale of its Open Cut Mining West business to MACA Limited. As announced on 15 December 2020, Downer will receive over $200 million in cash proceeds as a result of the sale. Downer has received an initial payment of $109 million and will receive an…