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Emerson Selected to Automate South32's Hermosa Project, Driving Efficiencies, Minimizing Environmental Impact
Prnewswire· 2025-11-17 14:00
Core Insights - Emerson has been selected by South32 to provide advanced automation solutions for the Hermosa mine project in Arizona, marking it as South32's first 'next generation mine' project [1][4] - The Hermosa project aims to produce critical minerals such as zinc, silver, and lead, with global demand for these metals expected to rise by 10-25% by 2035 due to industrial growth and renewable energy expansion [2] - Emerson's automation technology will enhance safety, efficiency, and environmental performance at the mine, utilizing a centralized control system to monitor and optimize operations [3][4] Company Overview - Emerson is a global industrial technology leader specializing in advanced automation, with a focus on optimizing business performance through intelligent devices and control systems [6] - The company is headquartered in St. Louis, Missouri, and has a strong commitment to combining innovative technology with operational excellence [6] Project Details - The Hermosa project will feature a remote operations center named Centro, which will employ approximately 200 full-time staff to oversee underground and surface equipment [3] - The project emphasizes environmental responsibility and aims to set a new standard for sustainability in the mining industry [4] - Caltrol, Emerson's Impact Partner, will provide expert service and maintenance support for the project [5]
Emerson Extends Tender Offer to Accommodate S&P MidCap 400 Index Change
Prnewswire· 2025-03-10 10:55
Core Viewpoint - Emerson has extended its tender offer to acquire all outstanding shares of Aspen Technology, Inc. until 5:00 p.m. Eastern Time on March 11, 2025, to accommodate share settlement due to an index change [1][2]. Group 1: Tender Offer Details - The tender offer is for all outstanding shares of AspenTech not already owned by Emerson at a price of $265 per share, which is stated as Emerson's best and final price [3]. - As of March 7, 2025, approximately 6,715,211 shares had been validly tendered and not withdrawn [3]. - The tender offer remains subject to the satisfaction of specified conditions [2]. Group 2: Index Change Impact - The extension of the tender offer is related to AspenTech's replacement in the S&P MidCap 400 index, effective prior to the opening of trading on March 11, 2025 [1]. Group 3: Information and Resources - Equiniti Trust Company, LLC is the depository and paying agent for the tender offer, while Innisfree M&A Incorporated acts as the information agent [4]. - Additional information regarding the tender offer can be found in the Tender Offer Statement filed with the SEC [8][10].