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Autonomous electric drive Cat 794 AC projects progress at QB2 & Quellaveco, plus new trolley assist order

Since the Cat® 794 AC electric drive truck debuted at MINExpo 2016, the global fleet has logged more than 780,000 hours of field operation, averaging…

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This article was originally published by International Mining

Since the Cat® 794 AC electric drive truck debuted at MINExpo 2016, the global fleet has logged more than 780,000 hours of field operation, averaging physical availability of 90%. Offering up to 8% better payload and faster speed-on-grade, the 794 AC delivers up to 10% more productivity than competitive trucks. The 794 AC truck field fleet has tripled over the last two years to more than 150 units with the highest-hour truck logging more than 52,000 hours. They are working in coal and hard rock, deep pit and flat haul sites at low and high altitudes and operating in poor underfoot conditions in nine countries covering four continents.

In 2021, the Cat 794 AC returns to MINExpo, as the latest autonomous mining truck equipped with Cat® MineStar Command for hauling, an autonomous hauling solution. The 794 AC is the first electric drive model to join the expanding Command for autonomous haulage fleet, which includes the Cat 789D, 793D, 793F and 797F models. Autonomy is rapidly emerging in the mining industry as essential for improving safety and productivity and lowering cost. The 794 AC, equipped with Command for hauling, enables total autonomous operating of the mining trucks, interaction with other equipment, and integration with customer mining processes and systems, all managed by MineStar.

A Caterpillar designed technology, Command for hauling is a complete system integration offered from the factory. The software, systems, individual components and engine of the 794 AC are designed and supplied by Caterpillar and supported by the Cat dealer network. This integration ensures that the entire truck from body to bumper and engine to electronics can be fully optimised to deliver the lowest cost per tonne.

Demonstrating up to a 30% productivity improvement over operator-driven models at mine sites around the world, Command addresses many mining challenges, including labour shortages and the demand for higher machine utilisation. Autonomous trucks using Command for hauling recently surpassed 3.5 billion tonnes hauled with no lost-time injuries associated with automated truck operation, enhancing safety at the site. Command also supports the mine’s sustainability efforts through lessening infrastructure needs and reducing truck fuel burn, machine downtime and wear parts replacement.

First deployment to South America

The first autonomous 794 AC electric drive mining trucks are being deployed in South America. In Chile, the first of 28 autonomous 794 AC trucks began arriving in May 2021 to be part of Teck Resources Limited’s low-cost, long-life Quebrada Blanca Phase 2 (QB2) copper project. ­­

At the Quellaveco copper mine operated by Anglo American in the Moquequa Region of southern Peru, sixteen 794 AC trucks have been deployed and will reach a total of 27 trucks by 2022. As a new greenfield mine, they saw the value and flexibility in using the 794 AC in both modes of operation: operator-driven and fully autonomous. Pre-mining activities began earlier this year, with both operator-driven and autonomous trucks being utilised from the start.

One of the largest undeveloped copper deposits in the world, Quellaveco has ore reserves of 1. 3billion tonnes (1.46 billion tons) at an average grade of 0.57% total copper. Copper reserves are 7.5 Mt (8.4 million tons), enough copper for 90 million electric vehicles. With first copper production scheduled for 2022, initial throughput capacities at Quellaveco are projected to produce 300 000 t (336,000 tons) average of copper per year for the first 10 years of operation.

Quellaveco collaborated with Caterpillar and Cat dealer, Ferreyros, to find the most productive hauling solution at the mine for lowering total cost of ownership. Commenting on the project, David Rea, General Manager, Cat large mining trucks, said: “The ongoing success at Quellaveco requires extensive subject matter expertise from a diverse team of Anglo American, Quellaveco, Caterpillar and Ferreyros personnel. The Quellaveco opportunity highlighted the importance of understanding the customer’s business needs and responding with a solution that meets their expectations.”

Non-autonomous trolley advantages

As a consideration for mines to further reduce energy consumption and reduce carbon emissions, Caterpillar offers the Cat Trolley Assist System for non-autonomous ultra-class electric drive mining trucks and will have more information on the system at MINExpo 2021. When connected to a trolley system, the truck’s propulsion system becomes powered purely with electricity from the power grid, using the full potential of the wheel motors and lowering fuel burn.

Compatible with operator-driven 794 AC mining trucks, the Cat trolley assist attachment is fully designed, integrated and built to Caterpillar specifications, so it leverages 100% of the AC drive train. The attachment includes a purpose-built trolley structure, pantographs, support systems and components to fully integrate the attachment to the 794 AC. The trolley system reduces fuel burn by more than 90% while on trolley, lowering CO2 emissions by 20 to 60% and saving up to 40 l (10.5 gal) of diesel per cycle per 1 km (0.62 mi) of trolley line. At the same time, operating on the trolley line delivers faster cycle times and higher productivity with up to 100% speed-on-grade improvement compared to diesel mode. Caterpillar told IM at MINExpo 2021 that it has a major order for an existing 794 AC operator to install a trolley assist system starting next year.

The post Autonomous electric drive Cat 794 AC projects progress at QB2 & Quellaveco, plus new trolley assist order appeared first on International Mining.


Making a Penny Stocks Watch List in October? Check These 3 Out

Are these penny stocks on your September watchlist?
The post Making a Penny Stocks Watch List in October? Check These 3 Out appeared first on Penny Stocks…

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3 Penny Stocks to Watch in October 2021 

With the month of October fast approaching, many investors are looking for the best penny stocks to buy. While it is still around a week or so away, being proactive can mean the difference between making money with penny stocks and losing money with penny stocks. So, for that reason, it is always best to try and stay ahead. 

Now, a new month may not seem like a big deal, and it usually isn’t. However, it can present a symbolic shift. What this means is that investors will often view a new month as a clean slate, and it sets the tone for the near term. Historically, September is a month of less than stellar trading. If we look back in the last 90 years or so, September has posted an average return in the S&P 500 of -0.99%. And while these are only averages, they can be important to consider for investors of all types. 

[Read More] Hot Penny Stocks To Watch Under $1 Right Now

So, if we understand this, we can see that October may have better cards on the table. But, at the end of the day, making money with penny stocks all comes down to having a trading strategy and understanding how the market works. 

With a trading strategy, it should be individualized, and match your unique investing goals. And to understand how the market works, it would be beneficial to seek out a trading education. So, taking all of this into consideration, let’s look at a few penny stocks that could be worth keeping an eye on next month. 

3 Penny Stocks For Your October Watchlist 

  1. Clear Channel Outdoor Holdings Inc. (NYSE: CCO
  2. CytoDyn Inc. (OTC: CYDY

Clear Channel Outdoor Holdings Inc. (NYSE: CCO)

Clear Channel Outdoor Holdings Inc. is a penny stock that has pushed up by over 24% in the past six months. This brings its YTD gain to over 60% and its one-year gain to over 125%. If we look at the chart, we see that CCO stock is also on a very linear path, which is not something we see with many other penny stocks.

If you’re not familiar, Clear Channel is a communications company that sells advertising displays. Among its offerings are info kiosks, billboards, bulletins, posters, transit displays, and much more. As of December 31st, 2020, the company had 71,000 ad displays in the Americas, and 430,000 ad displays in Europe.

In July, Clear Channel reported its second-quarter results for 2021. During this period, the company’s revenue grew by a very solid 36% to a total of $271.6 million in the Americas. Also in the Americas, its segment-adjusted EBITDA rose by 170.6% year over year as well, to $127.2 million. For Europe, its revenue and segment adjusted EBITDA rose 130.2% and 102.5% respectively. These numbers are all very exciting for the company and show encouraging signs of growth.

CEO William Eccleshare said, “In the third quarter, all of our business segments are growing well ahead of last year with some markets now beginning to exceed 2019 levels, reflecting the easing of remaining mobility restrictions across the majority of our markets, pent-up advertising demand and the strength of our value proposition.” Following its participation in the Goldman Sachs Communacopia Conference on Tuesday, September 21st, CCO is continuing to see momentum. With this in mind, will CCO be on your penny stock watchlist?

CytoDyn Inc. (OTC: CYDY)

CytoDyn Inc. is a biotech penny stock that has climbed by over 60% in the past month alone. This sizable momentum is due to both events from the company and its placement as a leading biotech stock. For more information, CytoDyn is developing treatments for different medical applications with its leronlimab drug. Leronlimab is a humanized monoclonal antibody that targets the CCR5 receptor. This product has previously been tested on those with HIV as a potential treatment. However, the company is studying a variant of leronlimab for its potential to treat those with COVID-19.

[Read More] 10 Top Penny Stocks To Watch This Week With Potential Biotech Catalysts

On September 9th, CytoDyn announced the treatment of its first patient in its Phase 3 COVID-19 trial in Brazil for patients with severe symptoms. Now an interim analysis will be conducted 28 days after the enrollment of 245 total patients. This trial is being done by the Academic Research Organization Albert Einstein Hospital.

“Today marks the first day of the much anticipated clinical trial in Brazil that we have been waiting for and we are so grateful to our team who conducted the CD12 trial in U.S. that produced a wealth of information for us to be able to appropriately design and power these two studies.”

President and CEO of CytoDyn, Nader Pourhassan

Because of CytoDyn’s recent advancements, the company’s stock price has skyrocketed in the last month. In September, shares of CYDY stock shot up by over 22.5% in the market. Noting all of this, will CYDY make your penny stocks watchlist?


IAMGOLD Corporation (NYSE: IAG)

IAMGOLD Corporation is a company that develops a wide range of gold mining properties. It explores for, develops, and operates land in multiple countries which makes it an interesting mid-sized gold stock. IAMGOLD’s operations primarily take place in North America, South America, and West Africa. Spread across these locations are mines with high-gold potency such as the Westwood mine, the Boto gold project, and many more.

On September 16th, the company reported assay results from the Lac Gamble drilling program on the Rouyn Gold Project. This project is located in Canada. IAMGOLD is reporting results from seven diamond drill holes that total 1,826 meters. The objectives of the drilling program were to complete an initial geotechnical drilling campaign and test for potential extensions down plunge.

“Our drilling program at Lac Gamble earlier this year specifically targeted some selected areas for possible extensions, as well as to complete some initial geotechnical drill holes to assess rock quality in the context of a potential underground mining scenario.”

Executive VP of Growth at IAMGOLD, Craig MacDougall

While the price of IAG did not immediately shoot up on the news of this announcement, its volume is much greater than its average. In fact, its volume is about double its market average over the past few days. So considering this, will IAG enter your list of penny stocks to watch?


Which Penny Stocks Are You Watching Right Now?

Finding the best penny stocks to buy right now can be challenging, but with so many factors occurring, there is plenty of momentum to take advantage of. Right now, the largest impacting factor is Covid, which is definitely something to look out for.

[Read More] Are Biotech Penny Stocks Worth Buying? Check These 3 Out

But, if you stay up to date with the news, it can be much easier to make money with penny stocks. Considering this, which penny stocks are you watching right now?

The post Making a Penny Stocks Watch List in October? Check These 3 Out appeared first on Penny Stocks to Buy, Picks, News and Information |

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Precious Metals

Asante Gold Signs US$5 Million Investment Into West African-Focused Roscan Gold

Asante Gold Corporation (CSE: ASE) announced on Thursday that it has entered into a binding term sheet earmarking a US$5.0
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Asante Gold Corporation (CSE: ASE) announced on Thursday that it has entered into a binding term sheet earmarking a US$5.0 million “strategic investment” into West Africa-focused gold explorer, Roscan Gold Corporation. The move sets the stage for Asante Gold to grow its reach in the African gold exploration market.

Under the term sheet, the firm has agreed to purchase 22.1 million Roscan Gold common shares at $0.29 per share, a 14% premium to its share price on September 22, 2021. At the transaction’s close, Asante Gold is expected to own approximately 6.7% of the outstanding Roscan Gold common shares.

“Roscan’s 100% owned Kandiole Gold Project in West Mali is located in one of the most prolific and productive gold jurisdictions in Africa,” said Asante Gold CEO Douglas MacQuarrie. “With this investment, Asante’s shareholders gain exposure to Roscan’s large exploration upside, and at a very attractive entry point.”

Related to this planned investment, the two gold exploration firms also entered into an investors rights agreement which will give Asante Gold a possible right to appoint a member in Roscan Gold’s board, subject to time and ownership thresholds.

The investment transaction is expected to close on October 15, 2021, subject to customary closing conditions.

Asante Gold last traded at $1.13 on the CSE.

Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post Asante Gold Signs US$5 Million Investment Into West African-Focused Roscan Gold appeared first on the deep dive.

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Top Lithium Stocks To Watch

Will these lithium stocks go up in the market this month? Lithium…
The post Top Lithium Stocks To Watch In Mid September appeared first on Gold Stocks…

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Will these lithium stocks go up in the market this month?

Lithium stocks are a huge market, and there are many options for investing. This sector is heavily impacted by a few key things. Obviously, the pandemic and the world have a big effect on lithium stocks, but let’s get into the specifics. Electric vehicles are the main reason that lithium stocks move up or down in the market right now. EVs grow in popularity every single year that goes by. This material is used to make lithium-ion batteries, which are key in electric vehicles of all types.

This means that as EVs continue to grow in popularity, so will lithium. Sure a battery technology could be found that is more efficient, but this is not realistic in the near future. All of the giant EV corporations such as Tesla and NIO use lithium-ion battery technology because of their longevity and usability. When EV stocks aren’t performing well in the market, this often reflects on lithium stocks.

So how do you know which lithium stocks are the best to watch? For starters, look for companies that have big contracts with large EV manufacturers. If a company has a lot in its pipeline, there are more things to rely on in terms of positive performance. Looking at the latest company-specific news is the best way to see what it is up to at the moment. The lithium mining sector is also important to look at for things like shortages and surplus. With all of this in mind, let’s look at three lithium stocks that have market potential.

Top Lithium Stocks To Watch

  1. Lithium Americas Corp. (NYSE: LAC)
  2. American Battery Metals Corporation (OTC: ABML)
  3. Livent Corporation (NYSE: LTHM)

Lithium Americas Corp. (NYSE: LAC)

Lithium Americas Corp. is a resource company that explores at various lithium deposits. The company holds interest in the Cauchari-Olaroz Project, Thacker Pass project, and more. These projects are located in Argentina and Nevada. Lithium Americas experienced a large amount of positive momentum in the last year as the EV and tech markets have grown.

Back in August, the company reported its second-quarter results for 2021. Lithium Americas total assets and cash increased due to $377.4 million net proceeds raised from the underwritten public offering of common stock. The company’s expenses rose and its net loss increased during this period as well. This higher net loss is because of higher Thacker Pass expenditures and a $4.7 million loss on the JEMSE transaction. Keeping this in mind, will LAC make your list of lithium stocks to watch?

American Battery Metals Corporation (OTC: ABML)

American Battery Metals Corporation is a lithium stock we have mentioned on before. This is a company that explores for, mines, extracts, and recycles battery materials. American Battery Metals offers lithium-ion battery recycling, battery metal extraction technologies, and primary resources development. The metals it produces are used for batteries that power electric vehicles, grid storage applications, and electronics.

Just a few days ago, the company announced the expansion of its primary battery metal extraction development. The company’s development now includes nickel and cobalt resources in addition to lithium. This was accomplished via a collaborative agreement with Global Energy Metals Corporation.

CEO and CTO Ryan Melsert said, “Our partnership between American Battery Technology Company and Global Energy Metals Corporation represents a complementary and actionable effort towards establishing a North American supply of critical and strategic materials that will fuel the global transition towards an electrified and domestic closed-loop circular economy.” This company is currently in the process of changing its name to American Battery Technology Company. Is ABML going to make your lithium stock watchlist?

Livent Corporation (NYSE: LTHM)

Livent Corporation is a manufacturing and selling company for lithium ion batteries. It also deals in specialty polymer and chemical synthesis applications. Livent Corporation offers lithium compounds that are used by various companies. This is another high-performing lithium company that has seen a lot of momentum in the last year. So let’s check out the latest from Livent Corporation.

In August, the company released its second-quarter 2021 results. The company experienced a higher volume than normal. It also completed a $262 million equity issuance to fund its capacity expansion during the second quarter. Livent has now raised its full-year guidance for 2021. Its revenue went up 11% from the first quarter of 2021, and 57% year over year. Its adjusted EBITDA rose 44% higher since the start of the year and 150% higher since the same period last year.

President and CEO Paul Graves said, “We were pleased to complete the equity issuance and are focused on executing on our capacity expansion projects, which are progressing on schedule.” In 2021, LTHM stock has been going up in the market. The company has experienced a lot of spikes and dips throughout the year. With this in mind, will LTHM enter your lithium stock watchlist in September?

Top Lithium Stocks Right Now?

Deciding which lithium stocks to buy can be a difficult process sometimes. That is why making sure you know what is going on in the market is key in the process. If you are up to date on sector news and company news for the lithium stocks you are looking at, it can make the process a lot easier. No matter which lithium stocks you buy, there are a lot of great options in the market. So which lithium stocks will be on your list this month?

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