Archives: Mining finance

Oxbotica has announced the completion of a $47 million Series B investment to help accelerate commercial deployment of its autonomy software platform in mines around the world. The news is an endorsement of Oxbotica’s go-to-market strategy, deploying its autonomy software in industrial use cases in advance of rolling out in urban passenger transportation applications in[…]

SQM announced on December 23 that its board has approved initiating the process to increase the company’s capital by up to $1.1 billion through the issuance of 22.4 million Series B shares of common stock, subject to agreement at an extraordinary shareholders’ meeting on January 22. It is part of an ambitious $1.9 billion investment[…]

Essen-based technology company talpasolutions has raised €4.5 million ($5.5 million) in its latest round of financing to help further accelerate its expansion in key industries such as mining, construction and logistics. “Thanks to the investment, we are going full throttle into new industries,” Sebastian-Friedrich Kowitz, Co-Founder and CEO of talpasolutions, said. “Over the coming months,[…]

Anglo American is to invest more money in the construction of its Woodsmith polyhalite mine in Yorkshire, UK, in 2021, following sound progress on the development in 2020. In an investor presentation this week, Chief Executive, Mark Cutifani, announced the company will invest $500 million in Woodsmith next year, an increase on the $300 million[…]

Percepto has announced a strategic investment of $45 million in funding to, it says, launch a transformative solution for remote, fully autonomous, asset monitoring, inspection and compliance of industrial sites. The financing, led by Koch Disruptive Technologies, with contributions from new investors State of Mind Ventures, Atento Capital, Summit Peak Investments and Delek-US, plus existing[…]

Polymathian will be spearheading a A$2 million ($1.5 million) industrial mathematics project funded by industry partners and METS Ignited, and focused on OZ Minerals’ Carrapateena mine in South Australia. This project will form part of the Industry Growth Centre’s latest Tranche 4 Collaborative Project funds totalling a combined investment of A$6 million, METS Ignited said.[…]

Researchers from The University of Queensland’s Sustainable Minerals Institute (SMI) have secured funding from the mining industry to undertake research that aims to ensure increased system automation is accompanied by improvements to safety and health. The funding will support several projects as part of the Human Aspects of Mining Automation research program developed by SMI’s[…]

RPMGlobal’s Consulting & Advisory division has opened its new regional headquarters in Toronto, Canada, to, it says, cater for the increasing growth in the country’s mining investment activity. As a reflection of the growing size and activity in the Canadian market in terms of global mining investment and mining company headquarters, RPMGlobal’s Consulting & Advisory[…]

Antofagasta Minerals says that Minera Centinela and Minera Zaldívar will be the first of its operations to be incorporated into Copper Mark, a voluntary international initiative that corroborates that copper production is obtained through processes that meet high sustainability standards. In this way, metal buyers can distinguish between mining companies according to their level of[…]

The first ever mining sector Group Purchasing Organisation (GPO) has launched to initially serve the Canadian mining market. Founders Lee Barter and Ben-Schoeman Geldenhuys are industry veterans who bring decades of mining supply chain experience from across the globe to this new venture. Specialising in mining procurement, Tamarack it says will be the first to[…]