Archives: Mining finance

Warrior Met Coal says it is relaunching the development of its Blue Creek reserves into a new, world-class longwall mine located in Alabama, USA, near its existing mines. Once completed, this investment will reinforce Warrior’s position as the premier US pure-play producer of premium metallurgical coal products that are sought by customers throughout the global[…]

Remote monitoring specialist Omniflex and engineering firm AMOG Consulting have received new funding from industry growth centre METS Ignited that will could accelerate the commercialisation of the companies’ Industrial Internet of Things (IIoT) oversize detection instrumentation for the global mining industry. The award is part of a METS Ignited A$2.5 million ($1.8 million) funding initiative[…]

The latest round of METS Ignited project funding has seen Safescape become one of six METS companies to receive a grant designed to accelerate commercialisation of its technology. The funding will support the continued development of the Bortana electric light vehicle, helping Safescape move from BETA test phase to full production in late 2022, according to[…]

Sandvik Mining and Rock Solutions has announced it is entering the US market with a structured rental offering that, it says, meets the needs of customers that are looking for short term, off-balance sheet solutions to fill production gaps or expand their operations, but at minimal risk. Building on the success and learnings of its[…]

Master Drilling Group Limited, a provider of drilling services to the mining, civil engineering and building construction sectors, has reported a strong set of annual results for the year to December 31, 2021, as well as making progress in several key technology areas. In the period in question, the company made significant gains across key[…]

Austin Engineering Limited says it has received A$82 million ($61 million) of new orders across its business in the three months until end-February 2022, as orders for its specialist truck trays and buckets continue to come in. This boost represents a 100% increase in its order book level compared with the same period of its[…]

Before the Year of the Tiger roared into life on February 1, 2022, more than A$8 billion ($5.8 billion) was changing hands daily on the ASX as cheap debt, low cash rates and soaring stock markets bolstered investor confidence. As of December 31, 2021, a whopping 240 companies listed on the ASX via Initial Public[…]

Orica has completed the sale of its Minova business to the Aurelius Group for A$180 million ($131 million), with A$149 million of cash received at completion factoring in debt and “debt-like items”, as well as confirmed expectations that its first half performance is likely to representing year-on-year growth. The company announced the planned sale of[…]

RPMGlobal has delivered a brand-new optimisation solution with the release of a multi-site, multi-period optimiser that, it says, evaluates capital investment strategies and mine plans of multiple operations to maximise the net present value (NPV) of an entire mining organisation. RPM’s Enterprise Optimiser has been built from the ground up, leveraging and building upon algorithms,[…]

Canada’s Digital Technology Supercluster has launched the Mining Microbiome Analysis Platform (MMAP) project, which, it says, is the largest investment in planned natural resource genomic sequencing in the history of the sector. With breakthrough biomining solutions, the MMAP project will be the catalyst for sustainable mining practices on a global scale by replacing energy and[…]