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Sibanye-Stillwater is investing $17 million in Newtrax's OptiMine collision avoidance system for mine-wide implementation at its US PGM operations in Montana.
Sandvik completed the acquisition of Newtrax, a supplier of wireless connectivity technology for underground mining operations. Newtrax is headquartered in Montréal, Canada, and had revenues of about 26 million CAD in 2018.
Sandvik acquired privately-owned Newtrax, a supplier of wireless IoT connectivity for underground mining operations. The transaction is expected to close in Q2 2019.