Cupric Canyon

Today's story is about Cupric Canyon Capital, a private equity firm that now has $50 million to help bring its copper-silver mine into production.

Cupric Canyon is managed by former executives of Freeport McMoran and they have a mine located in the Kalahari Copper Belt in Botswana. The $350 million mine is expected to produce 50,000 tonnes of copper and 1.4 million ounces of silver a year over its 25-year lifespan. The Khoemacau mine is underground and located in northwest Botswana.

Funds will be used to place the mine in production, as well as cover costs and front end engineering before starting full-scale construction at the site, planned for the second half of 2017.

"This project has the full support of the gvernment of Botswana and the size and quality of the mineral resource makes Khoemacau one of the more attractive new copper projects in the world today," Cupric Canyon Capital's CFO, Rodney Prokop, stated.

All of our earthmoving equipment is anxious to make the trip to Botswana and help with the construction of this new copper mine. Check it out by clicking on the blue link!

*All info for this story was taken from mining.com.
Posted by: Shannon on February 28, 2017

Goodbye and Good Riddance 2016

It is no secret that 2016 was pretty hard on everyone. 2016 saw lots of gun violence, peaceful and violent protests, the ugliest Presidential election cycle to date, cyber hacking, multiple airline crashes, Zika, terrorism across the world, ISIS, Brexit, the Cubs winning the World Series, and so much more.

It was rare to turn on the news station and see anything good or uplifting being reported. The "Breaking News" flashing at the bottom of the screen was almost always discouraging or terrifying.

We have high hopes for 2017. With the inaguration of Donald Trump scheduled for January 20th, he will have the greater part of 2017 to fulfill many of his campaign promises - i.e. coal mining restart, stopping ISIS, repealling Obamacare, and setting up a new tax plan to name a few. If coal mining gets the kickstart he has promised, it will be a very good year for the United States, particularly the Eastern area. Once that happens our earthmoving equipment will be flying off the lot, so make sure to check it out before it's gone!

It will be interesting to see if 2017 can top 2016. It really shouldn't be difficult since 2016 was full of bigotry, racism, and hatred. Here's to a new year filled with tolerance, patience, and understanding!
Posted by: Shannon on December 30, 2016

Can We Handle Another Oil Spill?

Today's story is about oil tankers, the likelihood of a potential oil tanker spill in the near future, and what that means for the Trans Mountain pipeline expansion.

If we asked you to name one of the latest major oil tanker spills, it is likely that the name Exxon Valdez would pop to the forefront of your mind. That spill happened in 1989 and at 10.8 million gallons it is one of the smaller oil spills to date. It does not even rank in the top 30 worst oil spills by size. So why do you remember hearing so much about it?

That spill, in the Prince William Sound, coated 1,300 miles of Alaskan shoreline killing an estimated 30,000 seabirds, 5,000 sea otters, 300 harbour seals, and wiping out almost half of a resident killer whale pod. Even today oil can be found just below the surface on much of that shoreline -- TWENTY-SEVEN YEARS LATER. It cost Exxon Valdez US$4 billion in cleanup costs and fines. Yes, billion. With a B.

So what is our point? With the approval of the Trans Mountain pipeline expansion, it's expected that oil tanker traffic in that area will rise from five to 34 vessels a month. That's a 680% increase in traffic.

The threat of an oil spill is one of the biggest reasons that people oppose the pipeline and the numbers seem to justify that fear. For example, the City of Vancouver produced economic modeling that estimated the economic costs of a spill. "In the event of a May spill, Vancouver's ocean-dependent economy could suffer total losses in the range of $380 million to $1.2 billon." That is just the economic impact to local tourism, fisheries, and various other businesses connected to the marine environment. That staggering number does not include any cleanup costs.

After the Exxon Valdez spill, both U.S. and Canadian governments passed stringent new regulations for oil tankers and the National Energy Board has recognized that. They state that, "The probability of something going wrong with the tankers has been minimized significantly - in fact, close to zero, and that's primarily because of the consequence side of the equation."

Basically they are saying that they realize a major oil spill would completely devastate the area, so there is a considerable emphasis on preventing one from ever happening. There are rules in place like who is allowed to captain the vessel in certain areas of the bay, how quickly spilled oil has to be removed from the water, and many preventative measures implemented to protect shoreline.

We are not directly involved in the marine industry, CATs don't particularly like water, but we do have a direct interest in protecting our environment. We are happy to learn about all the steps being taken to not only advance the pipeline, but to make sure it is advanced in the safest way possible. For all the pipeline constructors out there, check out our earthmoving equipment and our rebuild process. You'd be hard pressed to find better rebuilt machines.

*Partial info for this story was taken from mining.com.
Posted by: Shannon on December 9, 2016

Trump is the 45th President of the United States

Today's story is about the results of one of the hardest fought elections the United States has ever seen.

If you haven't already heard, Donald J. Trump beat out Hillary Clinton to become the 45th President of the United States. Clinton won the popular vote but Trump won the election based on votes from the Electoral College. You may be wondering what the Electoral College is so we will try to explain. Basically the Electoral College is a body of people representing the individual states that make up America. Those people will formally cast votes for the next President and Vice President. Why is the Electoral College still a thing if people cast individual ballots? We do not know.

As a company dealing within the mining industry, we are excited about Trump's election and his promises to help the industry as a whole. After his victory was announced, iron ore prices jumped to a 2-year high. Glencore was up 3%, Rio Tinto gained 2.5%, and ArcelorMittal was up 3.9%. Increases like these have been seen across the board in mining and metals company stocks.

As things start taking off you'll need our earthmoving equipment! Check it out before you miss it!
Posted by: Shannon on November 10, 2016

Have You Seen $2.6 Million Around?

After reporting a total gold production of 328,604 ounces and a revenue of $464.3 million for the third quarter of 2016, Yamana Gold announced a major loss. The Toronto-based miner revealed today that 2,000 ounces of gold were stolen from its Jacobina mine in Brazil.

The gold, worth $2.6 million at current prices, was forcefully taken by armed robbers who stormed the mine on October 17, 2016 and killed a security guard. Yamana had spoken about the robbery before, but it was only today that they admitted how much was actually stolen.

However, its executives are not ready to comment on every detail just yet. Local media says that criminals blew the mine safe open with explosives, but Yamana refused to confirm or deny because a police investigation is onoing.

Yamana said, "The amount of gold that was stolen is modest as material is kept in inventory only briefly after a gold pour pending transport."

If you find it, please turn it over to the proper authorities! We would be happy to help you transport it in our earthmoving equipment!
Posted by: Shannon on November 3, 2016

Eureka!

Today's story is about Seabridge Gold and their amazing habit of finding massive, gold-copper reserves.

They have currently have one of the largest, undeveloped projects in northern British Columbia, the KSM project, and they just identified a large, untested target at another of its ventures in the region.

The company announced on Wednesday that exploration at its 100%-owned Iskut project, which shares geological similarities with KSM, has achieved its primary objective: identifying a prospective new porphyry copper-gold system. The untested target, known as Quartz Rise, has all the hallmarks of a porphyry lithocap, a geological feature found at the top of major porphyry systems throughout the world.

They stated that they expect to begin drill testing next year. They added that the samples already taken in the area contain visible gold.

Fun fact, Seabridge is worth nearly $600 million (yes, you read that right) on the New York Stock Exchange, up 35% in value year to date.

Excellent future prospects for this company, we are excited to see where they go from here. Side note: they will go a lot further with our earthmoving equipment ;)
Posted by: Shannon on October 27, 2016

National Dessert Day

Today is a day that all other days aspire to be, National Dessert Day. On beautiful days like today calories don't count, sugar is part of every balanced meal, and chocolate frosting is begging for you to dip your finger (or spoon) into it.

We wanted to take a little break from our mining world updates and talk about the other things in life that are important to us, like dessert. As an avid "all things chocolate" lover, the picture to the right of the screen looks like a dream come true. You know what makes it even more delectable? All the earthmoving equipment doing work on that cake.

I like to think that if all of us here at Evans Equipment were actually Keebler Elves, we would make equipment to the exact same high standard but for a completely different purpose. Instead of constructing highways and mining for gold, our equipment would be used to haul cookies and bulldoze copius amounts of candy. What a wonderful and SWEET world that would be.
Posted by: Shannon on October 14, 2016

Is Gold Being Replaced By...RENEWABLES?

Today's story is about the gold mining giants and their new interest in renewables.

Barrick Gold, IAMGOLD, AurCrest, GoldCorp, TMAC Resources, Newmont Mining, and Gold Fields are starting to get serious about renewables. Adrienne Baker, director of Energy and Mines, was quoted Thursday as saying that major producers are investing in renewables and/or mine electrification and adopting shadow prices on carbon to mitigate carbon risk and address energy challenges. Many of them are even including new chapters into their energy plans to address obligations imposed by the need to reduce greenhouse gas emissions.

Canada's Prime Minister, Justin Trudeau, said that his government will establish a floor price on carbon pollution of $10 a tonne in 2018, rising to $50 a tonne in 2022. Trudeau's announcement is part of Canada's strategy to cut GHG by 30% from 2005 levels by 2030.

Gold producers who are looking to switch need to take into consideration the terms of the COP21 accord when selecting their energy choices.

We haven't seen anything like this before but we are prepared to ride it out with the best of 'em! Besides, our earthmoving equipment isn't picky, it'll work on anything!

*All info for this story was taken from mining.com.
Posted by: Shannon on October 7, 2016

End of an Era

Today's story is about one of our own heading off into his retirement. We have been in business for 51 years and Roger Martens has spent 40 years 11 months with us here at Evans Equipment.

He has been a significant part of our company growth during his tenure. He has worn a lot of hats and dipped his hands into whatever was needed of him. He drafted our 10,000 gallon water tanker and oversaw the welding process. He ordered all our Cat parts so we could rebuild our machines to the high standard our customers have grown accustomed to. He oversaw the guys in the shop and tracked the progress on every rebuild. Our next parts manager certainly has some big shoes to fill.

As he retires today, we are having a catered lunch to show how extremely grateful we are for all his hard work. We wish him and his wife Lois all the best in the happy years ahead.
Posted by: Shannon on September 30, 2016

Takes Money to Make Money

Today's story is about three mining companies who are really making the most of recent financings.

Klondex Mines has completed a CA$129.5 million subscription receipt offering. This is a huge step towards completing the acquistion of the Hollister and Esmerelda mines in Nevada. Gross proceeds from the offering have been placed in escrow and will be released once all conditions of the Hollister and Esmerelda acquisitions have been satisfied. If that hasn't happened by November 16, 2016, all the funds will be returned to the receipt holders.

In addition to paying for the acquisition, Klondex will use the funds raised for exploration and development at Hollister and exploration at Esmerelda. The addition of these two mines will allow the company to build on the results from their active Fire Creek and Midas mines, also in Nevada.

Rye Patch Gold Corp has officially taken ownership of the Florida Canyon gold mine in Pershing County, Nevada. The deal was closed after the funds were released from the CA$49.1 million private placement of subscription receipts it conducted in June. The acquisition cost the company approximately US$23 million.

The acquisition of Florida Canyon has put Rye Patch into a potential gold producer status. The transaction was dilutive by nature but it is still a great bargain and a strong buy.

Gold Standard Ventures Corp announced that Goldcorp made a CA$16.1 million strategic investment and OceanaGold Corp made a CA$13.4 million strategic investment. Not long after, Gold Standard announced a US$13.4 million 2016 exploration program for its Railroad-Pinion project in Nevada.

After some really exciting results, Gold Standard planned to follow up on them by devoting a greater portion of its 2016 drilling program at Railroad-Pinion to Dark Star. There is still more drilling to be done to determine Dark Star's overall size and potential, but the company's geologists are clearly heading down the right track, and their results back that up.

With those results, it looks likely that Gold Standard will get bought out by one of the majors already operating in Nevada.

It sure is nice to see things starting to turn around! We have high hopes for all three of these companies. As things start taking off, our earthmoving equipment will be helping companies like these rake that money in!

*All information for this story was taken from mining.com.
Posted by: Shannon on September 23, 2016

Good Things Happen in 3's

Today's story is out of Canada (seems like our stories are often out of there!) and specifically the province of Alberta. The heart of the oil sands industry has just approved three new projects worth about $3 billion USD, or $4 billion CDN, of potential investments which could add up to 95,000 barrels of oil per day. Kind of a big deal.

Blackpearl Resources' s Blackrod, Surmont Energy's Wildwood, and Husky Energy's Saleski are the first projects to get the green light since Alberta set a 100-megatonne greenhouse cap on oil sands emissions.

"The emissions limit is the first of it's kind set by an energy-producing jurisdiction," Environment Minister Shannon Phillips said in a statement, "It positions Alberta as an environmental leader while allowing room for development."

The approval of the three proposals follows a thorough review by the Alberta Energy Regulator. The firms involved, however, still need to make final investment decisions and work with regulators on specific licenses and approvals.

We are very excited to hear about this potential investment. Alberta was severely damaged in the spring of 2016 by the wildfires that tore through the Fort McMurray area. The fires ultimately shut down about 1 million barrels per day worth of production. It was estimated that the fires cost Alberta $390 million and the entire Canadian economy shrunk to levels not seen since 2009.

Luckily for Alberta, our earthmoving equipment loves to go to work in the oil sands!

*All info for this story was taken from mining.com.
Posted by: Shannon on September 16, 2016

Diamonds are the Economy's Best Friend

Today's story is about the mine co-owned by De Beers Canada and Mountain Province Diamonds. If you are hoping to get engaged in the next few years, it's possible the stone might come out of this mine!

Gahcho Kue, the world's largest new diamond mine, is due to begin production later this month. It is expected to contribute US$5.2 billion, or Cdn$6.7 billion, to Canada's economy and provide 1,200 new jobs.

The mine is located about 300km east of Yellowknife in Canada's Northwest Territories. It has provided US$341 million, Cdn$440 million, to boost the NWT economy so far. To the rest of Canada, it has generated US$272 million or Cdn$350 million, according to the figure released by De Beers.

All that is wonderful, but what makes the mine especially important is the fact thet two of Canada's major diamond mines - Diavik and Ekati - are approaching the end of their productive lives, and - althought it's smaller - Gahcho Kue would be able to offset the production drop off.

A second interesting tidbit is that last year, De Beers only contributed US$930 million, Cdn$1.2 billion, to the Canada economy.

We like to see the economy improve little by little, and this is definitely a huge step in the right direction! Congratulations to these two companies on their contributions. Let us know if you need any equipment, we would be happy to provide to such a great project!

*All info for this story was taken from mining.com.
Posted by: Shannon on September 9, 2016

Ritchie Bros.

Today's story is about an auction site that you've probably heard of and if you haven't heard of it, it's possible that you live under a rock.

Ritchie Bros. will acquire Iron Planet for US$758.5 million cash.

RB began in Kelowna in 1958, has 110 locations worldwide and a market cap of $3.14 billion.

Gregory J. Owens, Chairman and CEO of IronPlanet, will join Ritchie Bros.'s executive team once the transaction is completed.

Iron Planet, a private company based in the United States that was founded in 1999, sold approximately US$787 million of gross merchandise value through its sales channels during 2015 and acheived a 25.2% compounded growth rate in assets sold from 2013 through 2015.

The deal represents a 13.0x multiple of IronPlanet's 2017 estimated adjusted EBITDA, inclusive of the expected $100 million NPV of tax synergies and $20 million in run-rate cost synergies.

Ritchie Bros. also announced that it would become caterpillar's preferred global partner for live onsite and online auctions under the agreement, which will take effect upon completion of the IronPlanet acquistion.

Congratulations to both IronPlant and Ritchie Bros. on this agreement!

*All information for this story was taken from mining.com.
Posted by: Shannon on September 2, 2016

Treasure Hunt

Today's story is about two treasure hunters, Piotr Koper and Andreas Richter, who claimed to have found a Nazi train full of gems and gold last year. This train is said to be located in the Polish city of Walbrzych.

There is a lot of scepticism about the reality of this train, as well as scientific studies claiming to disprove the existence of said train. Despite the doubters, the two men state that they will have definite answers within a week. They would also like to remind everyone that while researchers concluded last year there were no signs of wagons, they did not rule out the existence of a tunnel.

A number of trains are believed to have been used by the Nazis in the 1940s to transport stolen goods from people in Eastern Europe back to Berlin. While some might have made it to the German capital, others are said to have been left behind by Soviet troops, as they advanced in 1945.

Piotr and Andreas, we would be honored if you need any of our earthmoving equipment to dig up your treasure! Just view our inventory list and if you see anything you could use, contact us for a quick quote!

*All information for this story was taken from mining.com.
Posted by: Shannon on August 19, 2016

Asteroid Mining is a Thing Now

Today's news is about space mining and just how some people think it can be done.

If Deep Space Industries has its way, there'll be a small robotic lander on a nearby asteroid in just three years. That's the lastest phase of the California-based asteroid mining company's plan to bring about an outer space real estate boom by creating a resource supply chain off Earth.

"Our thirty year goal is to build cities in space," Deep Space Industries CEO Daniel Faber told Gizmodo. "You need a lot of raw materials from asteroids to enable that."

Deep Space Industries hasn't chosen a target for its first prospecting mission. "We have a list of targets, but we haven't picked a specific one yet," Faber said. "We'd like to send prospectors to a bunch of them."

Landing on an asteroid also allows Deep Space Industries to lay claim to its resources -- sort of. While no company, government, or individual can own a celestial body under the 1967 Outer Space Treaty, in principle, companies shouldn't interfere with each others' space-based activities, Faber said.

This is all very interesting to us. While we have never thought about adapting our earthmoving equipment to mine up in space, we would love to see what that entails! Until then, we will go about selling our machines to contractors who have normal earth dirt to move.

*To read the complete story, visit http://gizmodo.com/this-mining-company-plans-to-land-on-an-asteroid-in-thr-1785112235.
Posted by: Shannon on August 11, 2016

Gold Spikes

Gold has become the "go to" investment when news of economic uncertainty hits. That is an important realization because it means that investors are becoming more aware that gold is a safe haven. For gold to go on a real bull run, masses of retail and institutional investors alike have to decide that gold is an essential hedge against uncertainty. That will push money into gold ETF's and lift the price.

As that happens, a subset of the masses realizes gold can be more than a hedge -- it can also be a way to profit. That subset of generalist investors starts investing in gold miners. After making money with the miners, they pour over into the developers and, eventually, the explorers.

This phenomenon has only just gotten underway. Gold has a lot of momentum yet to gain. Buckle up!

We are definitely buckled up and ready to go! Gold miner Goldcorp bought a rebuilt D11T from us at the end of 2015 and we want to see them need about 10 more!

*All information for this story was taken from mining.com.
Posted by: Shannon on August 4, 2016

Have You Heard About Tesla?

Tomorrow, Tesla Motors officially unveils its massive new Gigafactory 1 at a grand opening event on July 29, 2016.

The ultimate objective of the first Gigafactory is simple, but it is not for the faint of heart. Battery costs are the most expensive component of electric vehicles, and the multi-billion dollar Gigafactory aims to add scale, vertical integration, and other efficiencies together to bring lithium-ion battery costs down.

Costs have already come down faster than most analysts have predicted, and the Gigafactory could be the final catalyst to get below the industry's holy grail of $100 per kWh. Cheaper battery packs could make electric vehicles competitive with traditional gas-powered vehicles - and if that happens, it is a game-changer for the auto industry.

It's important to note that the Gigafactory is fairly modular by design, and construction is not completed in full yet. That said, here is what we know about the new Tesla Gigafactory and its possible impact.

1. The Tesla Gigafactory 1 will be the largest building in the world by footprint. The Gigafactory will take up 5.8 million sq. ft of space, making it bigger than Boeing's giant facility in Everett, WA. That's roughly equivalent to 100 football fields.

2. The scale will make production of Lithium-Ion batteries way cheaper. Tesla recently stated that its current battery cost is $190 per kWh for the Model S. The Gigafactory aims to reduce battery costs by 30%. Tesla expects this to happen through vertical integration, adding economies of scale, reducing waste, optimizing processes, and tidying up the supply chain.

3. Tesla initially planned to produce 50 GWH of battery packs by 2020. However, Tesla has now moved that farget forward to 2018. Which will require serious amounts of raw materials. The batteries, which currently use an NCA cathode formulation, need lithium, graphite, cobalt, nickel, and other base metals that aren,t used as much in an internal combustion engine. This has created a huge rush for suppliers of these raw materials.

We are going to stop the list here beacuse this is where we start to get interested. How will these raw materials get mined from our beautiful earth? With our earthmoving equipment! Exciting things are happening in the near future and we are anxious to see all the anticipated changes!

*To finish the rest of the list, please visit mining.com.
Posted by: Shannon on July 28, 2016

Coal Casualties

Today's news is a little different than the positive gold stories we have been reading. Coal is not having the same rise that we have seen in the aftershocks of Brexit.

The road to a coal-less future was strewn with two more casualties Tuesday, after a large Montana coal plant agreed to shut down two of its units.

Under court order, Puget Sound Energy and Talen Energy will close two of the oldest units of the Colstrip Generating Station, which they co-own, by July 2022. The companies were taken to court by the Sierra Club and another environmental group, the Montana Environmental Information Center, on allegations that the plant violated the federal Clean Air Act.

The Colstrip station which has a total of four coal units, is one of the most polluting in the country, reports The Seattle Times, citing studies by environmental groups that used government data.

The newspaper notes the expected closure is actually good news for PSE because it means it will not have to pay for costly pollution control upgrades at the two units, which opened in the 1970s.

The Colstrip station supplies power to about 20 percent of the 1.1 million customers served by PSE in the Pacific Northwest.

No job losses are expected to result from closing the two units, since the other two units will be allowed to keep operating. The facility employs about 360 workers. The once-mighty U.S. coal industry is suffering, as a perfect storm of bad news -- low prices, weak demand and tighter environmental controls -- put a stranglehold on the sector.

Last month the U.S. Energy Information reported that coal production in the United States has dropped to levels not seen since 1981 -- as utilities switch to cheaper natural gas and older coal-fired power plants are retired to conform with new emissions regulations.

In January the amount of coal used for electricity generation in the United States sunk to a 45-year low. Along with low coal prices, the Obama administration's focus on reducing emissions from coal-powered electricity plants has pushed a number of U.S. producers into bankruptcy protection, including Peabody Energy, the world's largest privately owned coal producer. The ensuing layoffs have created a battleground in the upcoming presidential election, with the nominee for the Democrats, Hilary Clinton, and presumptive Republican nominee Donald Trump both promising help for displaced coal miners.

We don't know who will win the election, but we are hoping for the coal industry to see a positive outcome. Contact our sales department to discuss earthmoving equipment reuilds so they are all ready to go when coal is back up and at 'em!

*All information from this story was taken from mining.com.


Posted by: Shannon on July 15, 2016

Post-Brexit Gold Price Gains

Today's news touches on Brexit again and the companies that are seeing a boost because of the post-Brexit gold gains. The image to your right is the cumulative list of the top 25 metals and mining companies as ranked by Q2'16 market cap.

Gold has consolidated its post-Brexit gains this month and continues to be the best-performing commodity so far this year, filling the pockets of most producers of the precious metal, a new study shows.

According to SNL Metals & Mining, gold-focused companies have climbed the most in the ranking of the world's top 25 mining companies by market capitalization from April to June this year, helped by rising gold prices, declining mining costs and, most recently, global economic uncertainty as a result of the UK's decision to leave the European Union in June.

Barrick Gold, Newmont Mining, and Goldcorp are the biggest winners of the period, the report notes, as they have seen their share prices rise by 189%, 117% and 65%, respectively, since Jan. 1. This has pushed their rankings up 13, 11 and four points to number five, nine and 12 respectively, when compared with the corresponding quarter a year ago.

BHP Billiton, the world's No.1 mining company, remains in the top spot, despite its market cap decline, followed by rivals Rio Tinto and Glencore, ranking at number two and three respectively, with respective year-on-year decreases in market cap of 24.9% and 44.4%.

BHP's market value, however, has shrunk 34% in the past year, partly due to continuing fallout from the November 2015 tailings dam disaster at its Samarco joint venture with Vale SA, the analysts say.

Another major miner, Canada's Potash Corp. -- the world's largest fertilizer company by capacity -- slipped down the list by eight positions from last year, as its market cap dropped 48% on weak prices, sales.

It does seem like the overcast markets forecast is beginning to clear and we are excited to see if that continues. We know our earthmoving equipment is ready to do some hard work!

*All information for this story was taken from mining.com.
Posted by: Shannon on July 11, 2016

Affects of Brexit

Today's news comes out of British Columbia and touches on many gold companies with rising stock prices.

While some Canadian businesses may be feeling the jitters over the prospects of Britain leaving the European Union, Canadian gold mining companies and junior exploration companies are enjoying the prospect of a gold bull market.

Gold prices soared after the June 23 referendum, and gold company share prices along with it. B.C. gold miners have all been experiencing healthy spikes in their stock prices.

B2Gold Corp. shares spiked 12.23% on June 24, and rose another 5.13% on June 27. New Gold Inc. stock jumped 10.45% on June 24, but has since shed about 3%. Goldcorp Inc. and Eldorado Gold Corp. stock rose by 6.37% and 6.31% respectively on June 24. B.C.'s new darling junior gold miner, Pretium Resources Inc., saw its stock rise 9.82% over two days.

Gold is a safe haven investment, so as long as there is uncertainty in financial markets, it is likely to continue to be seen as a good place to park money.

It's exciting to see gold prices rise and to see stock prices rise alongside. We are waiting for the days that our earthmoving equipment starts working hard again!

*All information for this story was taken from mining.com.
Posted by: Shannon on June 30, 2016

What is Brexit?

Today's news comes out of the European Union. If you don't live under a rock you have probably heard about Brexit. Simply put Brexit was a referendum - a vote in which everyone (or nearly everyone) of voting age can take part - and was held on Thursday 23 June, to decide whether the UK should leave or remain in the European Union.

For those who don't know, The UK is made up of Scotland, England, Northern Ireland, and Wales.

The voters chose to leave 51.9% to 48.1% or 17,410,742 votes to 16,141,241 votes. The referendum turnout was 71.8%, with more than 30 million people voting. It was the highest turnout in a UK-wide vote since the 1992 general election.

So why did UK want to leave the EU? They said Britain was being held back by the EU, which they said imposed too many rules on business and charged billions of pounds a year in membership fees for little in return. They also wanted Britain to take back full control of its borders and reduce the number of people coming here to live and/or work.

One of the main principles of EU membership is "free movement", which means you don't need to get a visa to go and live in another EU country. The Leave campaign also objected to the idea of "ever closer union" and what they see as moves towards the creation of a "United States of Europe".

As for us, we are anxious to see what it means for ongoing mining and construction projects over there. Only time will tell and all we know is that our earthmoving equipment is looking to go visit!

For a deeper look into Brexit please read about it here: http://www.bbc.com/news/uk-politics-32810887.
Posted by: Shannon on June 24, 2016

Yanfolia Gold Project

Today's news is about a prospective gold mine in Mali, located 200 km south of Bamako, and the company behind it.

Hummingbird Resources placed 103,698,254 shares at 22 pence per share and a subscription offer for another 105 million shares at the same price to raise US$67 million. That money will go towards construction of the Yanfolia Gold Project.

This mine has an eight-year lifespan with around 6 million ounces of gold underground. First production is projected in 2017 with an initial output of 132,000 ounces.

"We are now in a position to commence full-scale construction in order to bring Yanfolila, one of the highest margin undeveloped gold projects in Africa, to production," said Managing Director Dan Betts, in a statement. "This equity placement enables Hummingbird to move immediately into detailed engineering with a clear timeline to production. The Company will now have a strong balance sheet and is positioned to negotiate the best possible debt terms for our shareholders."

We are happy to hear about their plan to start construction as we have all the earthmoving equipment they would need! If you click on that link word, it will take you to our 740B articulated dump trucks. They are perfect for all kind of earthmoving jobs. Can't wait to see what happens for them in the future!

*All information for this story was taken from mining.com.
Posted by: Shannon on June 9, 2016

Have You Heard of Scandium?

Today's news is about scandium, the future wonder metal, and where you'll be most likely to find it!

The aircraft industry has a particular interest in scandium. When alloyed with aluminum, it can increase the strength and corrosion resistance of aluminum as well as allowing aluminum to be welded rather than riveted. As a result, aluminum-scandium alloys have the great potential to lead to a lighter aircraft weight, increased fuel efficiency, and a more cost effective aircraft production process.

For similar reasons as listed above, scandium is also generating interest in the automotive industry. It also has other uses like converting the chemical energy of the fuel used into electricty inside fuel cells.

It is assumed that less than 20 tonnes or 22.4 tons of scandium is currently produced worldwide. Most of it comes as a by-product fom mines located in Russia and China.

Australia is hoping to become a main producer of scandium. Australia has two major deposits in New South Wales that are large, high-grade, and concentrated, which means that scandium will be the main product, not just a by-product. One of the deposits is headed up by an Australian company and the other deposit is ran by a Canadian company headquarted in the United States.

Both feasibility studies have been either nearly completed or already completed which bodes well for production! The combined capital cost of the two operations will be around A$200 million (with around half of this for the processing plants, which include high-pressure acid leaching). Combined production will be around 80 tonnes; over four times current world production.

Before the projects can go ahead, the companies need to raise finance and conclude offtake agreements with players in the aircraft industry. Subject to these steps, construction in both cases is expected to commence in 2017, with first production by 2019.

This is GREAT news all around! For scandium producers, for the aircraft industry, and for companies like us that provide the earthmoving equipment to make it all possible! We are excited to see what the future holds in this industry.

*All information for this story was taken from mining.com.
Posted by: Shannon on June 3, 2016

Goldcorp is Taking Over the World

Today's news is about Goldcorp and their recent acquisition of Kaminak Gold. The two companies have entered into an agreement offered by Goldcorp to acquire all of the outstanding shares of Kaminak Gold at a total of approximately C$520 million or US$405 million.

"Under the Arrangement, each common share of Kaminak will be exchanged for 0.10896 common shares of Goldcorp. Based on the closing price of Goldcorp's common shares on the Toronto Stock Exchange on May 11, 2016, the transaction values each Kaminak share at C$2.62. The consideration received by Kaminak shareholders represents a 40% premium over the 20-day volume-weighted average share price of Kaminak from all trading on Canadian exchanges for the period ending May 11, 2016 and a premium of 33% over Kaminak's closing share price on the TSX Venture Exchange on May 11, 2016. The number of Goldcorp shares to be issued under the Arrangement will be approximately 21.6 million based on the issued and outstanding shares of Kaminak as of the announcement date, but will be subject to adjustment depending on the number of Kaminak options that may be exercised prior to the completion of the Arrangement."

Goldcorp CEO and President, David Garofalo, is very optimistic about Kaminak's flagship project, Coffee Gold. It is a structurally hosted hydrothermal gold deposit located approximately 130 kilometres south of the City of Dawson, Yukon. Coffee is a high-grade, open pit, heap leach mining project located in a top tier mining jurisdiction. The Coffee land package, comprising over 60,000 hectares, demonstrates significant potential for near-mine discoveries, with mineralization remaining open along strike and at depth. Coffee currently has total indicated gold mineral resources of 3.0 million ounces (63.7Mt at 1.45g/t) inclusive of total probable gold mineral reserves1 of 2.2 million ounces (46.4Mt at 1.45g/t), and total inferred gold mineral resources of 2.2 million ounces (52.4Mt at 1.31g/t).

We were excited to hear about this smart acquisition because it means that Goldcorp has the opportunity to close the gap between it's third largest gold producer position and the second and first position of Newmont Gold and Barrick Gold, respectively. We feel priviledged to have done business with Goldcorp as they looked for earthmoving equipment in the past and are looking forward to a continued relationship as they continue to succeed in all their endeavours.

*All information for this story was taken from goldcorp.com.
Posted by: Shannon on May 12, 2016

Kinross or Barrick?

Today's news is for all you gold bugs out there. Maybe you want to invest in a company but you just can't decide which one. Maybe you just really like debating between two different gold companies. Either way, this article should be pretty informative for you!

Kinross spent a large majority of the last 5 years in survival mode after spending $7.1 billion to buy out Red Back Mining. That decision loaded their balance sheet with debt right before gold hit its peak in 2011. Kinross was forced to write down the majority of the Red Back purchase which included the Tasiast mine in Mauritania. Almost 6 years later, their debt is finally at a manageable level and money is being spent to expand operations at Tasiast.

Barrick has a similar story with bad deals, a huge debt load, and falling gold prices but they implemented a turnaround plan last year and it is starting to pay off. They reduced their $13 billion debt load by $3 billion in 2015 via asset sales, streaming deals, and new partnership agreements. Barrick had a lot of critics over this plan, but they are already well on their way to clipping another $2 billion off in 2016.

So to answer the question in the title, "Kinross or Barrick?", we pick Barrick! We expect both stocks to move higher as gold prices rise, but Barrick's cost structure is significantly lower and therefore more favorable in our eyes. Regardless, we are excited to see huge industry giants like these two coming back to life. Who else would we sell our earthmoving equipment to?

*Some of the information for this story was taken from Fool.ca
Posted by: Shannon on May 5, 2016

Our History

For those of you that enjoy Evans Equipment but don't know how we got our start, this story is for you!

Evans Equipment has been in business since 1965, originally as Bush-Evans Machinery, and in 1983 was incorporated as Evans Equipment, Inc. The quality mind set has not changd in our 51 years of doing business. We believe Evans Equipment, Inc. has been able to provide high quality machines to our customers for this long because our buyers have benefited fom acquiring a valuable asset in the form of our repaired and rebuilt machines. Evans Equipment, Inc. has not only had the opportunity to provide machines for the farm power industry, but also to provide superior heavy mining and construction machinery all over the world.

Tom Evans, President, runs business today just as he did in 1965 when he first opened up shop in the heartland of the United States. "We think first class around here, if it's not first class then we want no part of it."

After 51 years in the used equipment business, our philosophy of providing only the very best rebuilt equipment has remained and has become a source of pride for every employee, in the shop or in the front office, since day one.

Evans Equipment, Inc. specializes in Caterpillar equipment including dozers, loaders, scrapers, motor graders, and off-highway trucks. We welcome you to stop by our shop for the grand tour or to check out our website to look at the way we remanufacture our machines at www.evansequip.com.
Posted by: Shannon on April 28, 2016

Sibanye Gold

Today's news is about mining company Sibanye Gold and their future plans to spend $250 million.

Neal Froneman, CEO, spoke at the European Gold Forum in Zurich. During his presentation, Neal said that Sibanye will allocate $115 million (R1.6 billion) to underground projects at the Kloof (picture to the right) and Driefontein gold mines on the West Wits. They also expect to invest $120 million (R1.7 billion) to develop their new project, Burnstone gold mine, on the South Rand.

Sibanye Gold, soon to be Sibanye Resources after their name change, separated from Gold Fields Ltd. back in 2012. They have three South African gold operations and are actively searching to take on more. They have stated that they are looking to take advantage of their strong current position and the weakness of most competitors by acquisitions.

Like most gold producers all over the world, Sibanye has been laying off workforce and lowering costs positioning them to enjoy a bullion price that's up about 17% this year, as well as a weaker rand.

However, Sibanye is not just about gold; they also have a 150-megawatt photovoltaic power plant and it is expected to generate its first electricty near the end of 2017, beginning of 2018. In addition, they are looking to buy platinum, uranium, coal, and base metals mines.

We, at Evans Equipment, think that this is a very promising start to what could be the end of this ugly commodities drought!

*All information for this story was taken from mining.com.
Posted by: Shannon on April 21, 2016

New World Resources May Be In Trouble

Today's news is rather unfortunate and it comes out of the Czech Republic. For those of you that don't know, the Czech Republic is in Central Europe, east of Germany and north of Austria. If you don't know where Germany is, we won't be able to help you.

The owners of New World Resources Plc are trying to get a last-ditch meeting with Finance Minister Andrej Babis tomorrow. They are searching for ways to avoid a company bankruptcy that would leave 13,000 miners and 8,000 affiliated workers out of a job.

The situation has reached a critical level because an agreement with the government involving restructuring has to be made by April 13 to avoid default.

New World Resources is the last Czech producer of coking and thermal coal. Almost two years ago, it restructured its debt and received an injection of cash from multiple investors. NWR is just another victim of this unprecedented slump in commodity prices. It's stock peaked back in 2008 after its IPO and has since lost more than 99% of it's value.

Like many, many mining stories you read these days, this is a pretty tough situation for these guys to be in. Ultimately they wind up asking for credit to survive the economic downturn but it's difficult to repay any of that money with low commodity prices and eventually they are again asking for another influx of cash just trying to stay afloat. Once this market turns, there will be happy miners and happy suppliers. Until then, check out our website and just imagine the day that you'll need big machines like ours running full force again.

*All information for this story was taken from mining.com.
Posted by: Shannon on April 11, 2016

Donald Trump's Promises

2016's presidential race is, undebatably, a hot button issue. Whether you are planning on voting for Cruz, Rubio, Clinton, Sanders, or Trump; you've heard lots of promises. Some of you may be visiting our blog from another country and may not be following our presidential race as closely, so let us fill you in: lots of promises are being thrown around about a lot of different things.

According to an article we read on mining.com, Donald Trump, multi million dollar real estate mogul and presidential hopeful, is making large promises to protect the coal mining industry in Ohio.

"They are a complete disaster, we are going to change things around," Trump said ahead of the state's March 15 primary. "We have to protect your coal industry which is being decimated" by EPA regulations, he added. "And we have to protect your steel industry."

The EPA reference is in regards to current President Obama's Clean Power Plan which requires states to lower their carbon dioxide emissions by 32% from 2005 levels. The new regulations will require some power plants to compleletly shut down in order to meet the limits. In the US, 24 coal companies have declared bankruptcy since 2012 as coal prices and demand continue to drop.

Ohio is one of 24 states that are challenging the Clean Power Plant in federal court.

Whoever wins the election in November will have big promises to keep, but we think Donald Trump may have some of the bigger ones. It will be very interesting to see how things in the coal industry change under our next President.

*All information for this story was taken from mining.com.
Posted by: Shannon on March 14, 2016

Ten Ways You'll Know When You're In The Right Job

Today's blog post is a little out of the ordinary but we think it is a very informational read, especially in today's mining market with all the layoffs and plant closings.

On Forbes.com, an article was posted yesterday listing ten ways that you can tell you're in the right job. The ten ways are listed below for your perusing.

1. Your manager is someone you respect and can be honest with.

2. Your manager and other people at work tell you that they appreciate you and they value your contributions.

3. You feel trusted by your teammates and you trust them also.

4. You are fairly paid for the work you do and have the other employee benefits that typically go along with your position.

5. Your work is interesting and challenging. Your job grows your flame and keeps you learning new things.

6. You can be honest about things that need attention, whether they are technical, operational, philosophical or interpersonal. Topics that need to be addressed get airtime and do not get swept under the rug.

7. In your workplace, the energy on the team is an important topic and one that people talk about as much as they talk about production quotas and schedules. The organizational culture is a high priority to the leaders of the company.

8. You feel like yourself at work. You can laugh with, brainstorm with and collaborate with your teammates.

9. You believe in the mission of the organization, which aligns with your own mission.

10. Your working environment is safe and healthy and supports you and your teammates.

We value our employees and all the strengths they bring to our operation here in central Missouri. Our mechanics are very capable and our office staff always brings their 'A' game. Together, we are able to offer cost savings in addition to high quality, low houred equipment.
Posted by: Shannon on February 25, 2016

Who's Top Dog?

Today's news is about the constant battle to become the mining industry's "Top Dog."

Newmont and Barrick released 2015 results this week, as well as a future outlook for their prospective companies. It looks as though mining giant Barrick is about to be toppled into the #2 spot by Newmont.

Barrick has been closing down their mines to cut spending while Newmont has been on an expansion streak giving them over 5 million ounces of gold mined.

Now, based on both companies forward looking statements, we don't think Newmont is going to "topple" Barrick as the article suggested. It appears to us that Newmont will definitely close the gap between the #1 and #2 seed in the gold industry, but won't significantly surpass Barrick's production.

Both companies are targeting at least 4.5 million ounces a year through 2020. In 2016 Barrick is looking at 5 to 5.5 million ounces, holding steady in 2017, and dropping slightly in 2018 to 4.6 to 5.1 million ounces. Newmont, on the other hand, is looking at 4.8 to 5.3 million ounces in 2016, increasing in 2017 to 5.2 to 5.7 million ounces, and then dropping down to 4.5 to 5 million ounces in 2018.

All we know for sure is that we saw a rise in gold prices today and our hopes rose a little bit in tandem. We are looking forward to seeing just how much gold companies like these two can grow in the following quarters.

*All information from this story was taken from mining.com.
Posted by: Shannon on February 18, 2016

Evel Knievel's Excavator

When we first came across this picture, we thought, oh man, that is definitely fake. The second time we saw this picture, some of us in the office thought, I could do that, no problem. Of course, it was right then and there that we decided to get to the bottom of the mystery stunt.

After doing some pretty intensive research for the better part of 10 minutes, we decided the picture was not fake and the guy operating this excavator, get this, LIVED. As you can see from the picture, this object that the excavator is climbing up appears to be made for just that purpose!

Now, we are unclear what country has such liberal rules set up for it's excavators and their operators but don't try and tell us that you wouldn't want to see this all go down. We are also pretty unclear as to why someone has a tower built in this fashion. Is it just so any excavator can try to climb it?

After discussing this event thoroughly, we came to two conclusions. First, the co-workers that claimed they could do this are very sadly mistaken. It would take years to be able to pull something like this off and even if they were able to dedicate that kind of time to training, there is no way they would have the guts. Second, we are 99.95% sure that the operator of this excavator is Evel Knievel. If you don't know who that is, we suggest you Google him.

We are now very seriously considering trying to do this with one of our Cat D11T bulldozers. We will keep you posted as we continue on in our endeavors.
Posted by: Shannon on February 10, 2016

Asteroid Mining is Going To Be a Thing

Today's news is OUT OF THIS WORLD! Literally.

Luxembourg's government is officially kicking off an initiaitve to promote mining asteroids for minerals. They are following quite closely in the steps in our own President Obama who, three months ago, signed legislation with the same goal in mind.

Luxembourg is looking to become Europe's hub for space mining. What a qualification to put on your country's resume! Luxembourg is already one of the euro zone's richest countries and it had a pivotal hand in the development of satellite communications a few years back. It also helped set up SES, one of the world's largest satellite services company.

The country's Vice-Prime Minister and Mininster for the Economy, Etienne Schneider, said that the goal of the country was "to open access to a wealth of previously unexplored mineral resources on lifeless rocks hurling through space, without damaging natural habitats."

No budget has been set for the endeavour yet, but it is thought that the government could support as much as 45% of research and devolpment in the area.

It is believed that asteroids are packed with iron, nickel, and precious metals at much higher concentrations than those found currently on Earth, making up a market valued at TRILLIONS of dollars. Trillions with a T. What an exciting time to be alive.

Who knows? Maybe we will be sending one of our high-quality Evans Equipment remanufactured dozers up in the next spaceship. Stay tuned for updates on our ventures in outer space!

*Information for this story was taken from mining.com.
Posted by: Shannon on February 4, 2016

Sold 657E Scrapers

Before Christmas, our founder Tom Evans, sold all 8 of our repaired 657E scrapers. Since then, we have cut the sides of the coal bowls down and we added a fresh coat of our signature yellow paint. After running these machines through rigorous tests and verifying that they pass Evans Equipment inspection, we called the freight trucks!

It takes two trucks to move one of our scrapers out of here. The bowl gets loaded onto one drop deck trailer and the tractor gets loaded up on another. The picture shows a drop deck trailer with a top deck machine!

We had two scrapers leave our lot here in Concordia, Missouri on Friday and another scraper is getting loaded up to leave now as I type this out for you. All 8 will be gone between now and the middle of February, to which we will say "Adios!"

We just bought two 972H wheel loaders and a 637G scraper which we will start rebuilding once our 657Es are off to work with their new owners!
Posted by: Shannon on January 28, 2016

D9T

Our Cat D9T Dozer, s/n RJS00424, is a 2006 model ready to go to work. It is equipped with EROPS, AC, Cat SU blade, and rear drawbar. We remanufactured the engine to be as close to new as possible. We installed new bogie pads and pins as needed, installed new Cat roller shells, Cat segments and new Cat 27 ES track groups. We installed four rebuilt idlers. We have resealed the main hydraulic valve, radiator fan motor, transmission priority valve and the transmission pump. We are rebuilding the torque convertor, transmission, bevel gear, brakes and both final drives. We have replaced hoses as needed and tightened the hard bar, hard nose & blade. We have stripped, painted, replaced the decals along with reconditioning the cab controls and interior to make this machine operate like new.

A Dozer of this size is great for all kinds of jobs. It is flexible enough for heavy construction, landfills, quarries, forestry jobs, and mine sites.

We have sold countless D9 model Dozers through our 50 years in business. They are excellent machines to have in your fleet. This particular D9T is waiting for it's next job to take it off our lot and into the dirt!
Posted by: Shannon on January 22, 2016

Ian Ball

Today's news is a very interesting read! We attached the link to the entire article at the bottom of this summary.

Ian Ball. Ever heard of him? He's one of the youngest mining company presidents on Bay Street. He got there by working for McEwan Mining and working directly under Rob McEwan, the gold mining superstar.

After working for McEwan Mining for 10 years, he decided he wanted a new challenge. He called Glenn Mullan, the CEO of Abitibi Royalties, and essentially told him that he wanted to replace Glenn as CEO. Glenn liked the bold move and accepted his offer so they could grow the comapny as a team of decision makers.

Ball launched "The Royalty Search" last summer where struggling eploration companies can submit their properties for consideration. If picked, Abitibi Royalties will pay the property taxes or annual staking costs in exchange for a royalty. That is a great deal, and even better, you get an answer on your property within 48 hours! 65 properties were submitted into the online interface and 8 transactions have been closed.

Ball has ideas for Abitibi to turn into the Uber of mining. He has goals for himself to build the best gold company in the world. Here at Evans Equipment, we want to wish Mr. Ball all the best in his endeavours and we enjoy seeing new ideas get implemented in an industry that goes back centuries.

http://www.thestar.com/business/2015/12/25/aiming-to-be-the-uber-of-mining.html
Posted by: Shannon on December 31, 2015

Glencore Makes Cuts

Today's news comes out of Australia.

One of the mining giants, Glencore, announced today that it is cutting 80% of the employees at the Collinsville mine in Queensland. Nearly 180 of the 230 people employed by the mine will be layed off next year. So many employee jobs will be cut because of the ordered cuts in mine production.The mine will be closed for three weeks during the holidays to help reduce Collinsville mine production.

Back in May, Glencore tried to limit production by cutting 80 jobs. They have also attempted to cut their $30 billion debt down by a third by stopping their copper mines in the Democratic Republic of Congo and Zambia. This halt will take 400,000 tonnes out of the market and hopefully provide a boost to metals prices.

Glencore will review all plans for the Collinsville mine in 2016 and will keep a watchful eye on all their mines in the coming years.

We know everyone is ready for the market turnaround; these low prices aren't easy on anyone. We are still buying machines from all around the world and whenever the market finally turns, we will have the best earthmoving equipment money can buy!

*All information for this story was taken from mining.com.
Posted by: Shannon on December 7, 2015

Shell's Oil Sands

Today's news comes out of Canada and their oil sands.

Royal Dutch Shell reported low 3Q numbers; hit by low oil prices and monetary losses related to suspended projects in the Arctic and Canadian oil sands.

They took a huge $7.9 billion in write-offs, including $2.6 billion for the dry hole drilled in Alaska's Arctic waters, $2 billion related to the suspension of the Carmon Creek oil sands project, and $3.7 billion due to lower oil and gas price forecasts.

They will be shelving both the Carmon Creek oil sands project in Alberta and an offshore oil exploration project in Alaska. The projects are not providing the company with suitable returns according to CEO Ben Van Beurden.

Good luck to Shell in all their endeavors. Note they are only shelving the projects not dropping them out-right.

We are expecting a turn-around in the market here soon and when that happens, there will be a strong need for our Earthmoving Equipment; until then we will continue to track the market's ups and downs.

*All information from this story was taken from mining.com.
Posted by: Shannon on November 11, 2015

Automated Haul-Trucks

Today's news sounds like it could be out of the future.

Rio Tinto's Yandicoogina and Nammuldi mines are now running driverless trucks. That's right. These trucks have no one sitting inside them while operating. The mines are moving their iron-ore via remote control technology located 1,200 miles away in Perth.

Right now there are 69 automated trucks running 24/7, every day of the year and each truck is saving 500 work hours a year. That is quite a bit of time saved and will ultimately pave the way for a lot of money being saved as well.

BHP Billiton and Fortescue Metals Group have both tested the waters of automated haul trucks. I think the future will be full of driverless trucks which raises the question of where those operators will turn to for work. Interesting things are ahead.

*All information for this story was taken from mining.com.
Posted by: Shannon on October 26, 2015

Bear is Turning Bull

Today's news is a bright little note to start your Monday morning with. The mining industry is turning around!

According to Frik Els of mining.com, crude oil prices are up 13%, platinum jumped 8%, copper is up 4.8%, and industrial metals average a 5.2% jump after double digit gains for zinc. Even advances in the agricultural sector were seen; cocoa was the only commodity to decline. It has been the best week since July of 2012! That was a long 39 months.

While this is all good and exciting, some analysts remain pessimestic about the future of metals and mining saying, "prices tend to recover much more slowly from a supply driven downturn than from a demand induced drop."

Whichever way the market happens to fall, we are excited for the possibility of equities exposed to the mining sector outperforming. We have a wide variety of earthmoving equipment available for all needs in the case of a industry wide turn around--looks to us like the sun might be trying to come up on the horizon!

*All information for this story was taken from mining.com.
Posted by: Shannon on October 12, 2015

Goodbye Coal

Today's news is out of the Alberta province in Canada.

A few days ago, it was announced that Alberta has started looking for a strategy to help phase out the use of coal as quickly as possible despite getting 55% of its energy from coal fired power plants. The future, for them, is seen in renewables and energy efficiency.

It will be interesting to see if this way of thinking spreads to other provinces of Canada or not. If the need for coal drops, the number of coal mines will drop which could be bad for large coal mining areas of the world.

We buy and sell a lot of earthmoving equipment to coal mines. We actually just bought some 657E scrapers from a coal mine out on the east side of the United States and brought them into our shop to clean them up before we resell them. So we don't want a decline in the coal industry! And besides, what would Santa Claus bring the bad kids? Renewable energy? No thank you.

*All information for this story was taken from mining.com.
Posted by: Shannon on October 1, 2015

Iron Ore Giants

Today's news is all about iron ore and the top seven mines producing it! Iron ore reached record highs in February 2011 at $190 a tonne and while the prices aren't back up there yet, it's worth noticing a small comeback. The iron ore market is extremely competitive and six out of the following top seven are located in Australia. Looks like we may be sending some earthmoving equipment over there if this keeps up!

1. Hamersley Mines: owned by Rio Tinto and includes nine mines all in Western Australia. The mines are treated as a single operation and put up 163 million tonnes of iron ore in 2014. Funnily enough, they are the largest mine with the lowest cost of operation.

2. Carajas Mines: owned by Vale and consists of three mines in Brazil. Carajas saw 120 million tonnes come up in 2014 and it is believed to be the highest grade iron ore mine in the world.

3. Chichester Hub: owned by Fortescue and is made up of Christmas Creek and Cloudbreak mines. They reached capacity of 90 million tonnes produced in 2014 and are also located in Western Australia.

4. Yandi mine: owned by BHP Billiton, operated in Western Australia, and produced 80 million tonnes in 2014.

5. Mt Whaleback: also owned by BHP Billiton, also in Western Australia, and nearly reached it's sister mines production at 77 million tonnes last year.

6. Solomon Hub: owned by Fortescue and is made up of two mines. The hub is located just west of it's sister hub, Chichester. Solomon is believed to have produced 58 million tonnes in 2014.

7. Area C: led by POSMAC JV with major BHP Billiton's ownership. This is also located in Western Australia and put up 57 million tonnes in 2014.

*All information for this story was taken from mining.com.
Posted by: Shannon on September 18, 2015

Uranium in Botswana?

Today's news comes out of Africa, more specifically the country of Botswana. It's starting to look like they may have their very first uranium mine on the horizon! You know what that means... a need for our Earthmoving Equipment!

Australian firm A-Cap Resources has applied for a mining license for their flagship project, Letlhakane. CEO Paul Thompson has said that forcasts for uranium prices are showing a rise which bodes well for the future of the mine. The project will cost around $351 million and it will be located near roads, a network of railways, and a power supply.

Very interesting! We will be happy to follow this mine as the status progresses.

*All information for this story was taken from mining.com.
Posted by: Shannon on September 11, 2015

Who's Who in Australia

Today's news comes out of Australia and we talk about the three companies worth watching.

Gold Road Resources Ltd just recently raised $39 million for the development for it's Gruyere project over in the Yamarna Belt. They have a prefeasibility study scheduled to come out in March of 2016 with a definitive feasibility study arriving at the end of that year. If things go well, they could looking for some of our Earthmoving Equipment!

Evolution Mining Ltd just completed it's third deal in just two months -- acquiring Cowal gold mine from Barrick Gold Corp. If the gold price increases and the Australian dollar decreases further, the stock price of Evolution MIning could go up and they may have to start looking for some Earthmoving Equipment as well.

Lastly, Crusader Resources Ltd has found high-grade zones at Querosene through drilling projects. They will possibly connect with a bigger funding partner to capitalize on the opportunity of a mine. They also have a new deal with Vale and plans for a more affordable Borborema project. Looks like Earthmoving Equipment might be on their horizon!

*All information for this story was taken from mining.com.
Posted by: Shannon on September 4, 2015

Mountain Pass Mine

Today's news comes out of the good ol' United States of America. One pretty interesting subject here is Molycorp and their Mountain Pass rare eath plant.

The Mountain Pass rare earth mine in California has been shut down with no forseeable date for restart. The area is being put into "care and maintenance" by Oct. 20 which is shocking considering Mountain Pass was thought of as America's flagship source of rare earths. The company has not turned a profit since 2011 and rare earth prices have constantly declined over the past 4 years; Molycorp decided to file for chapter 11 bankruptcy protection in March. In the last 3 months, the stock has lost 80% of its value.

It's sad that stories like these are not uncommon, however, Evans Equipment believes that every fall in the market is answered by a rise. Hopefully that said rise is around the corner and shows up sooner rather than later!

*All information for this story was taken from mining.com or wsj.com.
Posted by: Shannon on August 27, 2015

Earthmoving Equipment

Check out our Earthmoving Equipment! We have a very nice selection of scrapers both at our shop in Concordia, MO and down in Texas.
Posted by: Shannon on August 18, 2015

Inside Look

Here's an inside look at one of our shops; this is where the magic happens! Rebuilding Cat machines since 1965!
Posted by: Shannon on July 21, 2015

Independence Day

Happy Independence Day from Evans Equipment! Defending the freedom of our great country requires sacrifice, especially from those men and women in the Armed Forces. To the men and women around the globe protecting our freedoms thank you for your service!
Posted by: Shannon on July 2, 2015

24H Rebuild Pictures

We're piecing together a good looking 24H out in our shop. It'll be running and ready to move some dirt before we know it! ?#?bestofthebest??
Posted by: Shannon on June 26, 2015

D11T

Our Cat D11T loves basking in the sun while waiting for the next great dirt job to conquer!! Talk about Bulldozer domination!
Posted by: Shannon on May 21, 2015

24H

The big 24H is here and ready for unloading!
Posted by: Shannon on May 11, 2015

770

The 770 is in the shop and line boring is being completed!
Posted by: Shannon on April 24, 2015

Spring has Sprung

Spring is here! That means the season of construction jobs! Let Evans Equipment be your go to for water trucks and other construction needs.
Posted by: Shannon on April 17, 2015

Looking Forward to a Great Year

Our team at Evans Equipment would like to wish everyone a happy and prosperous New Year!

With new developments and exploration in the U.S, Canada, Mexico, and South America, we are excited about our new opportunities to provide top quality, used equipment and creating new working relationships throughout the mining industry.
Here is a sneak peak at our D9T.
Posted by: Kristen on January 6, 2015

Evans Equipment 50 Years