Archives: Mining finance

Australian Droid and Robot, or ADR, has announced “significant” backing from Resource Capital Funds’ (RCF) mining innovation focused investment strategy RCF Innovation II. The funding will help ADR t0 scale up and advance its new Explora Remote Data Acquisition System (ERDAS), which ADR claims will save the average mine site two or more hours of[…]

Omnia Holdings boosted both revenue and profit in its six-month reporting period ending September 30, 2024, with sustained robust growth in its mining segment being a key driver of this positive momentum. The group reported a 5% year-on-year boost in revenue to R10.9 billion ($614 million) in the six-month period, alongside a 17% improvement in[…]

A specialist insurance product for the rescue of miners trapped underground has more than doubled its available cover from $10 million to $25 million with a launch of a new consortium in the Lloyd’s insurance market. The insurance policy is predominantly aimed at hard-rock and precious metal mines, both open-pit and underground, with a focus[…]

Sandvik will introduce innovative new solutions and showcase its latest technologies at mining’s largest tradeshow, MINExpo INTERNATIONAL® 2024, in Las Vegas, including battery-electric and diesel-electric equipment to help customers improve their sustainability. The OEM will have its latest innovations on display at the show, September 24-26, including its new Toro™ diesel-electric truck demonstrator and latest[…]

Austin Powder, a leading provider of industrial explosives and engineered blasting solutions, says that it has received a strategic investment from American Industrial Partners (AIP) to support and enhance the company’s growth strategy in partnership with Austin’s existing long-term ownership group and management team. Operating in a safety critical and technical industry, Austin Powder has[…]

Rio Tinto is teaming up with a leading global venture studio and start-up investor to back the development and commercialisation of breakthrough technologies in the mining industry, supporting the company’s efforts to find better ways to provide the materials the world needs. The company will partner with Founders Factory and invest A$14.4 million ($9.5 million)[…]

Rithmik Solutions, a leader in AI-powered analytics, has successfully closed a $2 million funding round that, it says, will help accelerate its growth, further enhance its product offerings, and expand its reach to help mines around the world maximise the efficiency and lifespan of their mobile equipment. This investment was spearheaded by a syndicate of[…]

EACON says it has received another $44.5 million in Series C++ financing, led by Zijin Mining and Minxi Xinghang, enabling it to scale up its technology, product R&D and mining area operation management as part of its autonomous haulage developments. Including series C and series C+ financing, EACON has now completed equity financing of $97.3[…]

The Board of Debswana, the 50:50 diamond mining joint venture between De Beers Group and the Government of the Republic of Botswana, has announced approval of the investment for a key development phase of the Jwaneng underground project, paving the way for one of the world’s most valuable diamond mine to transition from open pit[…]

In one of his first actions in office, Western Australia’s new Mines and Petroleum Minister, David Michael, has launched a funding program to help mining equipment, technology and services (METS) companies to develop and commercialise new technologies for use in the WA mining sector. Applications now open for up to A$250,000 ($169,838) in co-funded METS[…]