logo
Komatsu to set up mining equipment repair hub in Pakistan

Komatsu to set up mining equipment repair hub in Pakistan

Nikkei Asia10 hours ago

Komatsu will provide dump trucks and electric rope shovels to a mine in Pakistan. (Komatsu)
SHOKO KUGAI
TOKYO -- Japanese heavy machinery maker Komatsu will establish a maintenance hub for mining equipment in Pakistan, Nikkei has learned.
With Canada's Barrick Mining developing the Reko Diq gold mine in southwestern Pakistan, Komatsu has signed a contract to supply $440 million in equipment to the project in the coming years, starting in fiscal 2026.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Kyodo News Digest: June 25, 2025
Kyodo News Digest: June 25, 2025

Kyodo News

timean hour ago

  • Kyodo News

Kyodo News Digest: June 25, 2025

KYODO NEWS - 5 hours ago - 09:18 | World, All, Japan The following is the latest list of selected news summaries by Kyodo News. ---------- U.S. Marine in Okinawa gets 7-year term over sexual assault NAHA, Japan - A Japanese district court on Tuesday sentenced a U.S. Marine stationed in Okinawa Prefecture to seven years in prison for a sexual assault committed in May 2024, concluding that the victim's testimony demonstrated a "high level of credibility." Lance Cpl. Jamel Clayton, 22, who pleaded not guilty in the case, was accused of injuring a woman in her 20s by choking her while attempting to rape her. He denied having any sexual intent or using physical force against her. ---------- Nissan forecasts net loss in April-June as shareholders grill management YOKOHAMA - Nissan Motor Co. on Tuesday said it forecasts a net loss of 200 billion yen ($1.38 billion) for the April-June quarter and apologized for the worsening performance as it faced criticism from shareholders at their annual meeting. New President and CEO Ivan Espinosa, who took over from Makoto Uchida in April, vowed to return the business to profitability by fiscal 2026 after apologizing for the poor outlook, encumbered by high auto tariffs imposed by U.S. President Donald Trump. ---------- Japan maps out support steps for key game, anime industries TOKYO - The Japanese government said Tuesday that it is seeking to provide support for video game production costs and improve working conditions in the anime industry under a five-year plan to further boost the country's entertainment sector, a key source of exports. The plan, announced by the Ministry of Economy, Trade and Industry, also includes anti-piracy measures such as stronger investigations and enforcement. ---------- Japan protests China's new activity in contested sea TOKYO - Japan's government on Tuesday lodged a protest with China over another suspected resource development activity in the East China Sea, after confirming that Beijing has taken steps to construct a new structure in the contested area. The structure is located close to a Tokyo-proposed median line separating the exclusive economic zones of the two countries in the sea, the Foreign Ministry said. A similar Chinese move was confirmed in May. ---------- Japan ispace says Moon landing failure due to altimeter abnormality TOKYO - Japanese startup ispace Inc. said Tuesday its latest failure to land a spacecraft on the Moon was due to an altimeter abnormality, while vowing to pursue another attempt in 2027. The Tokyo-based company has been analyzing the cause of the apparent crash of its lunar lander, Resilience, in early June, which, if successful, would have made it the first private firm in Asia to achieve a Moon landing. Its first touchdown attempt in 2023 with a different spacecraft was also unsuccessful. ---------- Hundreds of quakes rattle Japan's southwest islands in recent days TOKYO - An earthquake with a preliminary magnitude of 5.0 hit Akuseki Island in the Tokara island chain in southwestern Japan on Tuesday, following more than 330 quakes recorded around the chain since Saturday. The quake struck the island in Toshima, Kagoshima Prefecture, at around 4:04 p.m. and measured a 4 on the Japanese seismic intensity scale of 7, the Japan Meteorological Agency said. ---------- Scientists obtain unstable gold from lead, practical use uncertain GENEVA - A team of scientists including those from Asian countries has successfully transformed lead into gold, though it disappeared in microseconds, with the discovery published in a U.S. physics magazine last month. The team's spokesperson at CERN, a research organization on the Swiss-French border, said that although it was only an experimental finding, it could help advance human knowledge and enable the development of advanced equipment in the future. Video: Traditional dance performances at Osaka Expo's Peru Pavilion

Tokyo stocks slightly lower in morning on stronger yen
Tokyo stocks slightly lower in morning on stronger yen

The Mainichi

time2 hours ago

  • The Mainichi

Tokyo stocks slightly lower in morning on stronger yen

TOKYO (Kyodo) -- Tokyo stocks were slightly lower Wednesday morning, weighed down by some exporter shares on a stronger yen in directionless trading. The 225-issue Nikkei Stock Average fell 40.09 points, or 0.10 percent, from Tuesday to 38,750.47. The broader Topix index was down 9.42 points, or 0.34 percent, at 2,771.93. The U.S. dollar remained weak in the upper 144 yen range in Tokyo as tensions in the Middle East eased after U.S. President Donald Trump said Monday that Israel and Iran had agreed to a cease-fire. At noon, the dollar fetched 144.78-82 yen compared with 144.82-92 yen in New York and 145.30-32 yen in Tokyo at 5 p.m. Tuesday. The euro was quoted at $1.1620-1622 and 168.24-31 yen against $1.1604-1614 and 168.12-22 yen in New York and $1.1590-1592 and 168.41-45 yen in Tokyo late Tuesday afternoon. The Nikkei stock index was supported by heavyweight chip-linked shares following the rise of a key U.S. semiconductor index overnight. However, some export-oriented auto issues were sold on a firmer yen, which decreases exporters' overseas profits when repatriated. Despite a solid advance on Wall Street overnight, Tokyo stocks were directionless as the market had already digested the news the previous day of the cease-fire agreement between Israel and Iran, brokers said.

Japan's SBI Shinsei aims to relist after July repayment of bank bailout
Japan's SBI Shinsei aims to relist after July repayment of bank bailout

Nikkei Asia

time2 hours ago

  • Nikkei Asia

Japan's SBI Shinsei aims to relist after July repayment of bank bailout

Finance Move will mark end to rescue that took place quarter century ago Parent company SBI Holdings, led by CEO Yoshitaka Kitao, is spearheading SBI Shinsei Bank's repayment plan. (Source photos by Nikkei) Nikkei staff writers TOKYO -- Japan's SBI Shinsei Bank will complete its repayment of roughly 230 billion yen ($1.6 billion) in bailout money on July 31, the company said on Wednesday, as it aims to relist on the Tokyo Stock Exchange this year. The money will be repaid by the Japanese bank's parent group, SBI Holdings, which will buy preferred shares held by the Deposit Insurance Corporation of Japan and another government-backed body.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store