Business
Ivanhoe Electric to Acquire Robbins Tunnel Boring Machine and Material Handling System for Mine Access Development at the Santa Cruz Copper Project
State-of-the-Art Mechanized Tunneling Derisks the Project by Providing Proven Mine Access Method through Variable Ground ConditionsDevelopment Includes 9.3 Meter Diameter Steel-reinforced Concrete Tunnel and Conveyor System for Material Handling Application of Made-in-the-USA Mechanical Excavation Technology Enhances Safety and Efficiency Ownership of Crossover TBM Enhances Future Access Options for Nearby Texaco DepositPhoenix, Arizona--(Newsfile Corp. - May 11, 2026) - Ivanhoe Electric Inc....
About this update from Ivanhoe Electric Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"State-of-the-Art Mechanized Tunneling Derisks the Project by Providing Proven Mine Access Method through Variable Ground Conditions","length":131,"tagName":"p"}]},{"val":[{"type":"text","content":"Development Includes 9.3 Meter Diameter Steel-reinforced Concrete Tunnel and Conveyor System for Material Handling ","length":114,"tagName":"p"}]},{"val":[{"type":"text","content":"Application of Made-in-the-USA Mechanical Excavation Technology Enhances Safety and Efficiency ","length":94,"tagName":"p"}]},{"val":[{"type":"text","content":"Ownership of Crossover TBM Enhances Future Access Options for Nearby Texaco Deposit","length":83,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":422,"olType":false},{"type":"text","content":"Phoenix, Arizona--(Newsfile Corp. - May 11, 2026) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to announce that Ivanhoe Electric intends to acquire a purpose-built, Crossover XRE Tunnel Boring Machine ("Robbins TBM" or "TBM") and material handling system from The Robbins Company ("Robbins"), of Solon, Ohio. Robbins is a U.S.-based, global leader in tunnel boring machines and associated technology. Ivanhoe Electric initially will use the Robbins TBM for decline development at the Santa Cruz Copper Project in Arizona. Robbins recently reacquired the TBM from a division of Anglo American plc ("Anglo"), who originally purchased the machine for use at its Grosvenor coal mine in Queensland, Australia, where it successfully completed two declines totaling 1.8 kilometers in 1,000 hours of total use underground.","length":998,"tagName":"p"},{"type":"text","content":"In late 2025, Ivanhoe Electric identified the opportunity to acquire the Robbins TBM that was on care and maintenance at the Grosvenor coal mine in Queensland, Australia. After a review of the machine's specifications and history and extensive discussions with Robbins, Ivanhoe Electric secured a legally binding option to acquire the TBM from Robbins in March 2026, subject to completion of due diligence and trade-off studies. Robbins entered into a separate binding agreement to acquire the machine from Anglo. Upon completion of due ...