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Launching the first of its kind tokenised fund raising and carbon credit trading platform, to enhance Kazakhstan's Role in the Global Digital Economy through Eco-Friendly Digital Mining Operations SINGAPORE, Oct. 4, 2024 /PRNewswire/ -- AQGroup, Kazakhstan's leading green electricity producer and a leader in infrastructure development for computing services - including data centers for artificial intelligence, digital mining, and international IT companies, together with MVGX Group, a pioneering Singapore-based digital green fintech group led by MVGX Holdings Pte. Ltd. are proud to announce a first-of-its-kind strategic partnership. This partnership seeks to leverage on the knowledge, expertise and know-hows of three key members of the MVGX Group in relation to their respective industries - Metaverse Green Exchange Pte. Ltd., MetaComp Pte. Ltd. and MVGX Tech Pte. Ltd. Strategic partnership signing ceremony between AQGroup and MVGX Group. Left to Right: Michael Sheren, CEO, Asia Green Fund Management; Dr Bo Bai, Chairman & Co-Founder, MVGX Group; His Excellency Kuttykadam Askar, Kazakh Ambassador to Singapore; Islambek Salzhanov, Chairman & Co-Founder, AQ Group; Tin Pei Ling, Co-President, MetaComp. The two groups have formally signed a Memorandum of Understanding (MoU) during the prestigious global conference, "Token 2049 Singapore", marking the beginning of an ambitious collaboration. This MoU outlines plans to construct an innovative hybrid green power plant that combines wind, solar, and battery energy storage systems, ensuring a sustainable supply of green electricity to AQGroup's Data Centres. Additionally, it lays the groundwork for the establishment of a joint carbon credit trading exchange in Kazakhstan, driving forward a shared vision for sustainable energy solutions and carbon market development in the region. Kazakhstan, the world's 9th largest country by territory, holds enormous potential for green energy production through wind and solar power plants (WPPs and SPPs) equipped with energy storage systems. The country's proximity to China offers unique advantages, including access to high-quality equipments for WPPs and SPPs, alongside significant savings on logistics. Additionally, the Kazakhstani government with its favorable government regulations—such as a 10-year tax exemption for renewable energy projects—offers a highly supportive environment for green energy development. Their advantageous geographical location between Europe and Asia, positions the country as an emerging regional hub for Data Centres, providing computing services to global markets. MVGX Group, leveraging its strategic position as a Singapore-based group of companies, is well-positioned to build a financial bridge that empowers the generation and sale of green electricity from Kazakhstan's green mining initiatives. This partnership offers seamless access to Singapore's advanced financial services and dynamic capital markets. As the financial hub of South-East Asia, Singapore with its forward-thinking regulatory frameworks has attracted many advanced financial and fintech solutions to set up their headquarters here. MVGX Group seeks to leverage Singapore's strength as a pivotal force in driving Web 3.0 innovation across the region. By combining the competitive advantages of both countries, this partnership establishes a strong foundation for sustainable energy initiatives and financial infrastructure. It also creates a strong bridge of friendship and forges long-lasting, mutually beneficial cooperation between the business communities of Kazakhstan and Singapore for many years to come. In his speech, the Chairman and the Co-Founder of AQGroup Islambek Salzhanov said, "We are very pleased to begin mutually beneficial cooperation with MVGX Group in this transformational project. Together, we will leverage our resources to promote sustainable initiatives, from green energy generation to developing a robust financial infrastructure for Web 3.0. This partnership affirms our shared vision of creating a cleaner and greener future." Dr. Bo Bai, the Executive Chairman and the Co-Founder of MVGX Group, added, "By combining our efforts with AQGroup's extensive experience in green energy and operation of the Data centers, including digital mining, we aim to create a powerful platform that not only supports environmentally sustainable practices but also establishes a global hub for sustainable green digital mining and carbon credit trading." MVGX Group and AQGroup plan to leverage respective resources to establish a dedicated investment fund to be distributed by Metaverse Green Exchange Pte. Ltd., a capital market service license holder under the MVGX Group, to special classes of investors. The investment fund seeks to attract substantial financing for this groundbreaking joint project. This fund will not only support the construction and operation of green energy infrastructure but also, drive innovative financial solutions, such as the tokenization of real-world assets (RWA) with the technological support of MetaComp Pte. Ltd. By leveraging blockchain technology, the tokenization process will enable these special classes of investors to participate in the green energy sector in new and efficient ways, fostering transparency, liquidity, and accessibility in sustainable investments. This forward-thinking approach highlights the partners' commitment to integrating digital finance with renewable energy development, setting a new standard for future projects in the sector. In addition to seeking investment, both AQGroup and MVGX Group are open to collaboration with a wide array of partners. They are inviting investors interested in green energy, as well as equipment manufacturers specializing in WPPs and SPPs, energy storage system suppliers, and experienced EPC contractors. These collaborations are vital to creating an integrated value chain for sustainable energy production and computing services, further solidifying the partnership's role as a leader in advancing global sustainability and technological innovation. Together, AQGroup and MVGX Group aim to forge long-lasting industry relationships that drive their shared vision for a greener, more innovative future. For additional information, please contact: AQGroup: Abylaikhan Teleubay Amir Sharipbek Managing Director Head of Business Development one@aq-group.io Sharipbek.a@aq-group.io MVGX Group: For media enquiries and interview opportunities, please reach out to Ampersand Advisory: Amelia Lim Isaac Gumbang Head of PR Snr. Executive amelia.lim@ampersand-advisory.com isaac.gumbang@ampersand-advisory.com About AQGroup https://aq-group.io/en Founded in 1993, AQGroup brings over 30 years of industry expertise, evolving from its origins in oil and gas to becoming a leader in renewable energy and digital infrastructure. For 25 years, AQGroup was at the forefront of oil and gas extraction, refining, and petroleum product exports, supported by a fleet of 3,700 rail tankers. In recent years, the company has undergone a strategic transformation, shifting its focus to renewable energy production and the development of advanced infrastructure for computing services, including data centers and digital mining capabilities. About MVGX Holdings Pte Ltd ("MVGX Group") https://www.mvgx.com/ Founded in 2022, MVGX Holdings Pte. Ltd. (MVGXH) is the parent company of a pioneering digital green fintech group of companies, including financial institutions licensed by the Monetary Authority of Singapore (MAS), that operates across traditional and digital assets while delivering proprietary carbon management solution. The companies under MVGXH (collectively known as the MVGX Group), include several key entities at the forefront of financial innovation and sustainability namely, Asia Green Fund Management Pte. Ltd., a Capital Market Service (CMS) license holder, offers fund management services with a dedicated foreign impact investment arm that holds an impressive investment portfolio of over $2.8 billion that focuses on green technologies and infrastructures; Metaverse Green Exchange Pte. Ltd., a CMS license holder and a Recognized Market Operator that facilitates dealing in securities, collective investment schemes and both over the counter and exchange traded derivative contracts; MetaComp Pte. Ltd., a Major Payment Institution licensed to provide Digital Payment Token Services and Cross Border Money Transfers; and MVGX Tech Pte Ltd, a Singapore-based Carbon Software-as-a-Service (SaaS) provider that supports corporations, governments, and institutions in every stage of their decarbonisation journeys through its proprietary Carbon Connect Suite software and products. The MVGX Group's unique positioning embodies its vision for a Better Future through Digital Green Transformation. By seamlessly integrating advanced financial technologies with sustainability solutions, MVGX Group is committed to drive a transformative shift towards a greener, more sustainable tomorrow.
Company increases its US infrastructure capacity by 7.5 MW of power, providing enhanced service for new and existing customers WILMINGTON, Del., Oct. 2, 2024 /PRNewswire/ -- Compass Mining ("Compass"), a leading provider of Bitcoin mining hardware, hosting, and services, today announced the successful energization of 2,400 Bitcoin mining machines at a new hosting partner site in Nebraska. This expansion is an important milestone in Compass's ongoing efforts to lower barriers to entry in Bitcoin mining for everybody while enhancing the quality of service to its customers. The new Nebraska facility houses a mix of relocated machines from Compass's existing "Texas 3" and "Nebraska 1" sites, as well as newly deployed units. By seamlessly relocating existing customers' equipment and offering new customers a turnkey mining experience, Compass continues to uphold its high standards of operational excellence and customer experience. New customers purchasing machines through Compass's platform can now opt to deploy them at the "Nebraska 2" site, eliminating the wait times usually associated with machine deployments. "This expansion underscores our commitment to delivering unparalleled service to our customers even while expanding our self-managed infrastructure," said Paul Gosker, CEO of Compass Mining. "The facility's proximity to our Denver repair hub and our complete operational oversight provide significant advantages, including faster repairs, minimized downtime, and the flexibility for new customers to choose a location based on factors like power market dynamics and curtailment risks." This Nebraska expansion follows Compass's recent announcement of energizing 4,000 machines at a new partner site in Iowa. The company has energized a total of approximately 40 MW of power capacity across mining facilities in Iowa, Indiana, Ohio, Nebraska, and Texas in 2024, with plans to add another 30 MW before year-end. About Compass Mining Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.
CHANGSHA, China, Sept. 30, 2024 /PRNewswire/ -- On September 27, 2024, Zoomlion rolled out ZTE520, the world's largest hybrid electric drive mining truck, from its intelligent production line, marking a monumental advancement in mining technology. With dimensions exceeding nine meters in width and seven meters in height, this truck boasts a payload capacity of 300 tons and a maximum total weight of over 520 tons. Equipped with a cutting-edge hybrid power system that combines a 16-cylinder, 52-liter, 2100-horsepower diesel engine with the largest hybrid battery in the industry, the ZTE520 outperforms conventional models. Its innovative electric drive and high-torque wheel hub drive system achieve energy savings of up to 15% while maintaining a lifespan of over 60,000 hours, achieving a perfect balance between power and energy efficiency. The ZTE520 integrates seamlessly with Zoomlion's large mining excavators, making it an ideal solution for large-scale open-pit mining operations with annual production exceeding 30 million tons. This synergy enhances operational efficiency and supports the construction of green mining initiatives. All key components of the ZTE520 are independently developed and manufactured by Zoomlion, ensuring supply chain stability and significantly reducing user costs. Yuan Ye, assistant president of Zoomlion, emphasized the significance of this launch, stating, "The ZTE520 reflects our unwavering commitment to continuous technological innovation. It not only showcases our breakthroughs in the global market but also enhances operational efficiency and lowers costs for our clients. This advancement is pivotal in supporting the sustainable development of the mining industry." The launch event was attended by over 200 guests, including key executives such as Huang Qun, vice president of Zoomlion; Yuan Ye, assistant president of Zoomlion; and Liu Haitao, deputy general manager of CRRC Zhuzhou Institute. As Zoomlion continues to push the boundaries of innovation, it remains dedicated to providing high-end, integrated mining equipment solutions. With the launch of the ZTE520, Zoomlion reinforces its position in the high-end mining equipment market and demonstrates its commitment to sustainable and high-quality development in advanced equipment manufacturing. About Zoomlion Founded in 1992, Zoomlion Heavy Industry Science & Technology Co., Ltd. (01157.HK) is a high-end equipment manufacturing enterprise that integrates engineering machinery, agricultural machinery, and financial services. The company now sells more than 600 cutting-edge products from 55 product lines covering ten significant categories. For more information, please visit Zoomlion's website.
TAIPEI, Sept. 23, 2024 /PRNewswire/ -- RuggON, a Ubiqconn company specializing in rugged mobile solutions, is excited to announce its participation in MINExpo 2024, the world's largest mining technology and solutions exhibition, taking place from September 24th to 26th in Las Vegas, Nevada. Visitors are invited to explore RuggON's innovative rugged tablets and mobile computing solutions at booth 3043. RuggOn Debuts at the Minexpo 2024 At MINExpo, RuggON will showcase its latest advancements in rugged technology designed to meet the rigorous demands of the mining industry. The company's devices are engineered to endure extreme conditions, offering unmatched reliability, durability, and performance to support uninterrupted operations in critical mining environments. According to the 2024 Global Metals and Minerals Market Report by GII Global Information, the market is projected to reach $10,197.23 billion by 2028, with a compound annual growth rate (CAGR) of 5.0%. As the mining industry embraces electric vehicle (EV) revolutions, green technologies, and advances in digitization and automation, there is a growing need for innovative solutions that enhance productivity and reduce operational costs. The miniaturization of wireless technologies and integration of satellite communications, AI, and Big Data analytics are expected to drive significant progress in metal and mineral production. RuggON's rugged mobile computing solutions, designed for mining vehicles and machinery, will be featured prominently at MINExpo. Highlights include specialized vehicle mounted computers like the 12.1" VX-601, 10.4" VULCAN, and 7" Vortex, as well as rugged tablets such as the 10.1" PX501. These products are engineered to perform reliably in harsh environments, addressing challenges such as high dust levels, extreme temperatures, and intense vibrations. They also support real-time communication and data transmission, crucial for efficient mining operations. "Our participation in MINExpo 2024 underscores our commitment to providing the best rugged computing solutions for mining professionals," said Tim Tsai, North America CEO of Ubiqconn (RuggON's parent company). "We are eager to demonstrate how our products can enhance efficiency, safety, and productivity in the mining industry." Attendees at MINExpo will have the opportunity to see RuggON's rugged products in action, interact with experts, and explore how these technologies can transform mining operations. Visit RuggON at booth 3043 to learn more. For additional information about RuggON and its offerings, please visit http://www.ruggon.com or follow us on Ubiqconn Technology and RuggON's LinkedIn. About RuggON RuggON Corp. is a a subsidiary of Ubiqconn Technology and a leading manufacturer of rugged mobile computing solutions. Combining Ubiqconn's advanced technology to drive innovation and expand in the Mobile Industrial (IioT) market. With decades of ruggedized mobile solution expertise, RuggON strives to improve mobile productivity in harsh environments. A committed engineering team delivers devices of exceptional value and quality that improve user experience. The company is dedicated to understanding the various demands of different industries in order to provide application-oriented, tailored solutions that are efficient and effective. RuggON is committed to higher standards to achieve customer satisfaction. It prides itself on providing endless possibilities today to meet the demands of tomorrow. For more information, visit our website http://www.ruggon.com or follow us on LinkedIn.
Singapore, Prime Group, under the leadership of CEO Karim Bouhout, proudly unveils its $60 billion investment fund, designed to supercharge oil exploration, mining, and agriculture across the African continent. This unprecedented initiative is not just about capitalizing on Africa’s rich natural resources—it’s about positioning Africa as a global powerhouse, with sustainable growth and strategic political influence at its core. Prime Group’s fund is engineered to unlock Africa's vast potential, bolstering economic independence while forging stronger partnerships with international players. The fund will be a key driver in reshaping Africa’s standing on the global stage, ensuring that the continent’s resource sectors no longer play a secondary role but take center stage in shaping the future of global trade and industry. “This is more than an investment fund—it’s a political and economic catalyst for Africa,” said Karim Bouhout, CEO of Prime Group. “We are committed to transforming Africa into a cornerstone of global energy and agricultural supply chains. This fund is a statement: Africa’s time is now. By empowering local economies and driving innovation in oil, mining, and agriculture, we are building a future where Africa’s resources are developed sustainably, and its people are empowered politically and economically.” A New Era of Global Partnerships and African Leadership Prime Group’s $60 billion fund is not just an investment—it is a strategic instrument aimed at driving political influence and economic sovereignty for African nations. By prioritizing partnerships with local governments, businesses, and stakeholders, Prime Group is fostering a new model of African growth that aligns with global sustainability goals while ensuring that African countries remain key players in the resource-based global economy. The company has spent more than a decade laying the groundwork for this initiative. Under the leadership of Karim Bouhout, Prime Group has successfully bridged global investment with African markets. Now, with this transformative fund, the group is doubling down on its commitment to African leadership in global resource development. Sustainability as a Political Strategy At a time when global environmental policies are increasingly shaping economic decisions, Prime Group is aligning its investments with international sustainability frameworks to ensure that African resources are developed responsibly. This fund prioritizes projects that meet the highest environmental standards, while also adopting cutting-edge technologies in resource extraction and modern agricultural practices. By doing so, Prime Group is sending a powerful message: Africa will not only be a global supplier of resources but will do so on its own terms—leading the world in sustainable development. This approach positions African nations as key political allies in the global effort to address climate change, making Africa a pivotal player in future international negotiations on energy, trade, and environmental policy. Africa’s Emergence as a Global Resource Leader The geopolitical significance of Africa’s resources cannot be overstated. As global demand for energy and agriculture surges, Africa is uniquely positioned to supply these critical commodities. Prime Group’s investment strategy will enable African nations to seize this moment, becoming central to global supply chains and influencing the political discourse on resource management. This fund aims to reposition Africa as a global resource leader, not just a beneficiary of external aid or foreign investment. By fostering self-sufficiency and economic independence, Prime Group is helping African nations build their own wealth, while establishing strong diplomatic and trade ties with key global powers. About Prime Group Prime Group is a trailblazing investment firm, specializing in resource development with an unwavering commitment to sustainability and geopolitical impact. The firm operates across diverse sectors, including commodity trading, infrastructure, agriculture, logistics, and hospitality, with a strong focus on driving long-term value for both shareholders and local communities. Prime Group’s mission is to deploy capital strategically in Africa’s most promising industries, ensuring that economic growth is inextricably linked with political empowerment. By consistently delivering returns through its strategic investments, Prime Group has established itself as a leader in aligning profit with political influence, setting a new standard for responsible resource development. For more information about Prime Group and its bold vision for Africa, visit: https://www.primeinvestmentslimited.net. Media Contact For interviews with CEO Karim Bouhout or more details on this initiative, please contact: Email: business@stankeviciusmgm.com. Stankevicius MGM provides comprehensive media marketing services, including strategic PR and global advertising solutions.
LAS VEGAS, Sept. 14, 2024 /PRNewswire/ -- XCMG Machinery ("XCMG", SHE: 000425) is set to present its largest-ever collection of mining equipment at MinExpo 2024, taking place from September 24-26 in Las Vegas. Visitors can find XCMG at booth #329 in the North Hall, where the company will feature a diverse array of state-of-the-art excavators, dump trucks, drilling rigs, and loaders. This marks XCMG's second appearance at the expo, underscoring its commitment to delivering comprehensive mining solutions and exploring automation technologies for North American and global markets. XCMG Unveils Major Lineup for MinExpo 2024, Showcasing Advanced Mining Solutions. "We are dedicated to developing customized products that meet the specific needs of our North American customers, while also capitalizing on the global shift towards 'smart' and 'sustainable' mining," said Liu Quan, Deputy General Manager of XCMG Import and Export and General Manager of XCMG USA. "Looking ahead, we aspire to provide a wider array of options for our North American clientele and envision XCMG mining equipment becoming a common sight in key construction projects throughout the area." XCMG Machinery will spotlight five models, each embodying its tailor-made mining technology for the market: XE950G hydraulic excavators, specially designed for harsh environment of mining with lean manufacturing, state-of-art of design and excellent reliability, providing perfect operating performance and economic performance with strong digging power and fast operating efficiency. XC978U wheel loader, built for heavy-duty operations, features a powerful Cummins L9 engine and ZF full powershift transmission. Its advanced hydraulic system ensures high efficiency and energy savings, while its user-friendly design, including an electric back-turning large side door hood, centralized lubrication, and a luxury operator seat with enhanced safety and comfort. XDA45U articulated dump truck, designed for exceptional off-road capability and heavy-duty transport. Equipped with a high-power, fuel-efficient engine, automatic transmission, and full-time 6×6 drive, it excels in rugged conditions. Its world-class hydraulic system and independent pump-control and load-sensitive steering systems ensure stable and efficient operation. Maintenance is simplified with a large-angle tilting engine hood, centralized lubrication, and filling systems for easy access and upkeep. XE490U crawler excavator, is built for demanding tasks, equipped with an electronically controlled positive flow system for quick responsiveness, durable wear-resistant structural components, and a high-strength steel cab for increased safety. It includes standard auxiliary hydraulic lines for added versatility, a color display providing detailed machine information, and a heated air suspension seat for enhanced operator comfort. Its maintenance-friendly design also cuts down on labor hours. XQZ152 down-the-hole drill, perfect for non-metal mines like quarries, limestone, and coal mines. It features an adjustable pitch attitude and a dedicated crawler site for outstanding passibility. With an Atlas two-stage screw air compressor for strong air supply and the XCMG X-eco drilling expert system, it ensures fast drilling speeds, minimal fuel consumption, and ease of operation. The drill supports a diameter range of φ90 to φ152mm and can reach depths of up to 35m. During the show, XCMG will also demonstrate the clips of its pioneering autonomous road machines fleet working on mining sites.
A12 藝術空間
Mining
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