Archives: Mining finance

The Future of Resource Taxation is a new initiative aiming to improve the way governments collect revenue from the mining sector, specifically in developing countries needing to rebuild public finances in the wake of COVID-19. “The goal is to re-evaluate and improve the fiscal regimes governing the mining industry, which tend to be complex and[…]

CMOC, the 80% owner and operator of the Northparkes copper-gold mine in Australia, which is currently undergoing a mine throughput expansion to 7.6 Mt/y, announced on 10 July 2020 that its wholly-owned subsidiaries had entered into a metal purchase and sale agreement with Triple Flag Mining Finance Bermuda Ltd, a whole-owned subsidiary of Triple Flag[…]

RPMGlobal has added mine scheduling optimisation capability to its expanding mining software remit with the acquisition of Canada-headquartered Revolution Mining Software. Privately-owned Revolution Mining Software develops and sells its flagship Schedule Optimisation Tool (SOT™), a “cutting-edge financial mine scheduling optimisation solution”, RPMGlobal said. SOT is the industry’s only strategic financial optimisation tool for underground mines[…]

Specialist drill and blast services supplier, Dynamic Drill and Blast Holdings, is looking for further growth with a plan to raise A$5 million ($3.5 million) and seek admission to the Australian Securities Exchange official list. The Perth, Western Australia-based company has established itself as a contractor able to supply everything from large production blasts to[…]

Australia’s government has extended Geoscience Australia’s Exploring for the Future (EFTF) program for a further four years in a move that will support a stronger recovery and more regional jobs across the whole country, according to the Minerals Council of Australia. The program has been highly successful in collecting pre-competitive geophysical data from the north[…]

Metso Corporation and Outotec Oyj have now received the remaining outstanding competition clearances for the combination of Metso’s Minerals business with Outotec through a partial demerger of Metso. Current Metso shareholders will own 78% and Outotec shareholders 22% of the combined company. Pekka Vauramo, the current Metso President and CEO will be the CEO of[…]

Often forgotten on lists of major gold mining enterprises as they are state-owned by Uzbekistan, Navoi Mining and Metallurgical Combine (NMMC) and Almalyk Mining and Metallurgical Complex (Almalyk MMC) are set to see their joint production exceed 5 Moz a year by 2026, an unprecedented figure, with Almalyk’s copper production also to reach 400,000 t/y.[…]

Australia’s mining equipment and technology services (METS) sector is set to benefit from further funding from the government’s SME Export Hubs Initiative after being named in the Australia Government’s recent financial support program. Karen Andrews, the Minister for Industry, Science and Technology, and Simon Birmingham, the Minister for Trade, Tourism and Investment, said the funding[…]

Australia-based engineering-led group, CIMIC, posted “robust” operating profit margins in its March quarter results, remarking that the mining market is proving resilient throughout the turbulence caused by the fallout of the COVID-19 pandemic. Revenue came in at A$3.3 billion ($2.1 billion) for the three-month period, slightly down on last year’s A$3.4 billion, while net profit[…]

Metso’s orders and sales held up in the March quarter in the face of the onset of COVID-19, with the company saying activity in its mining equipment business continued in line with expectations. The company posted a 5% year-on-year increase in orders received to €1.07 billion ($1.15 billion), while its sales were unchanged at €832[…]