Archives: Mining finance

Batt Mobile Equipment Pty Ltd, based in Tomago, New South Wales, has been given a boost in its pursuit to electrify the mining sector, having been awarded a A$4.55 million ($3.35 million) grant to build heavy-duty battery-electric vehicles for underground-hard rock mines as part of the Australian government’s Modern Manufacturing Initiative (MMI). It has become[…]

Record orders received, high revenue growth and improved profitability were all part of Epiroc’s June quarter financial results as the OEM also made significant headway on its diesel-to-battery-electric retrofit plan to help electrify the mining sector. Orders received increased 37% to a record high of SEK11.07 billion ($1.27 billion). This corresponds to 45% organic growth[…]

Newmont Corp’s Board of Directors has approved advancing the Ahafo North project, in Ghana, into the execution phase, setting the company up to develop four open-pit mines and a standalone 3.7 Mt/y plant. The project exceeds the company’s required internal rate of return, adding profitable production from the best unmined gold deposit in West Africa,[…]

Hexagon AB, a global leader in digital reality solutions, recently announced an agreement to acquire Infor’s global EAM (enterprise asset management) business, for approximately $2,750 million. The terms of the agreement include establishing a deeper commercial relationship between Hexagon and Infor as well as Hexagon and Koch Equity Development, both subsidiaries of Koch Industries, Inc.[…]

A new Cooperative Research Centre focused on integrating green energy sources such as hydrogen, ammonia and solar into high-heat and high-emission manufacturing processes for products like steel, aluminium and cement has won Australia government backing. The Heavy Industry Low-carbon Transition Cooperative Research Centre (HILT CRC), to be led by the University of Adelaide, has been[…]

Anglo American looks set to complete its exit from thermal coal, having agreed to sell its 33.3% interest in the Cerrejón joint venture, in Colombia, to Glencore for around $294 million. Glencore and BHP currently each also hold a 33.3% interest in Cerrejón, with Glencore intending to acquire both Anglo American’s and BHP’s interests for[…]

Sber and Eurasian Resources Group (ERG) have signed a Memorandum of Intent to cooperate on developing environmental, social and governance (ESG) standards, including green financing instruments, for the metals and mining industry. The document was signed by Andrey Shemetov, Senior Vice President and Head of SberCIB, and Benedikt Sobotka, Chief Executive Officer of Eurasian Resources[…]

Epiroc recently announced the conclusion of the acquisition of the software company, MineRP and has followed up with some commentary on previous collaboration, synergies and plans for the future. “The acquisition is a perfect fit due to the synergies between the two companies,” says Integration Manager, M&A, Technology & Digital Division, at Epiroc, Kumeshan Naidu,[…]

METS Ignited Collaborative Project Funds recipient Emapper has recently brought together industry partners, customers, service providers and supporters to celebrate the completion of its environmental site monitoring project in Australia. Emapper and collaborative partners developed a multi-scale and multi-source environmental data platform to monitor, manage and reduce mining’s footprint and extend the global capability of[…]

Jetti Resources’ plan to rapidly rollout its breakthrough copper extraction technology has been given a boost with the announcement of $50 million in funding from the likes of Mitsubishi Corp, Freeport-McMoRan, BHP Ventures, Orion Resource Partners, and funds and accounts advised by T Rowe Price Associates Inc. The Series C funding round was led by[…]