Archives: Mining finance

RPMGlobal is celebrating the longevity of one of the mining industry’s most trusted financial budgeting tools, XERAS, which turns 30 this month. XERAS was first introduced to the mining industry in 1990 in an English desktop format, and within a year or two, had half a dozen users, according to RPM. RPMGlobal has transformed the[…]

Japan’s JX Nippon Mining & Metals Corporation has reached a basic agreement with Mitsui Mining & Smelting Co Ltd (Mitsui Kinzoku) and Mitsui & Co Ltd, its joint investors in the Caserones copper mine in Chile, on the transfer to it of all their rights and interests in the mine (Mitsui Kinzoku 25.87%, Mitsui &[…]

The EGM of Nussir ASA has approved a private placement of more than $8 million from northern Norwegian industrial investors to go towards the development of an industrial area, the access tunnel to the copper deposit at the Nussir mine in Repparfjord, Finnmark, and to strengthen the organisation. This is an historic milestone for Nussir,[…]

METS Ignited has announced four ambitious companies to take part in a 12-month program to evaluate new cost-effective sensor technologies. “With more data available, in shorter timeframes, on an expanding number of devices – IoT sensors and data collection are changing the nature of the mining industry and providing METS companies with significant opportunity to[…]

Metso Outotec has spelt out a three-pillar focus in a new strategy and financial targets update, saying it is looking to divest its Recycling business and concentrate its attention on the aggregates, minerals processing and metals refining industries. The new strategy, focused on growth and improving profitability, was published on the same day as the[…]

It is fair to say Epiroc’s September quarter results surprised on the upside. Amid the COVID-19 pandemic, orders received held up, dropping just 2% to SEK9.37 billion ($1.07 billion) compared with orders in the September quarter of 2019. In fact, on an “organic basis”, orders received were up 10% year-on-year. At the same time, operating[…]

BHP is driving a procurement overhaul using SAP Ariba, giving it executive visibility and an elevated role in helping execute BHP’s business strategy, outlined in a recent article by Ry Crozier from iTnews. The global miner is looking deeper into its A$20 billion annual procurement spend with the aid of SAP Ariba software under an[…]

NRW Holdings says it has reached agreements with Gascoyne Resources to keep providing services at the Dalgaranga gold mine, in Western Australia, following the ASX-listed miner’s successful A$125 million ($89 million) recapitalisation process. NRW has agreed binding terms with Gascoyne for an extension of both mining and drill & blast services for the full life[…]

Chrysalix Venture Capital, a global venture capital fund with a history of commercialising innovation for resource intensive industries, has announced Hitachi Construction Machinery Co Ltd has invested in the Chrysalix RoboValley Fund. Hitachi Construction Machinery, a leading manufacturer of construction and mining equipment, joins a cluster of mining and metals players such as South32, Severstal[…]

FedNor, the Government of Canada’s economic development organisation for Northern Ontario, has pledged C$519,000 ($393,468) of investment to help the Northern Centre for Advanced Technology (NORCAT) continue to deliver its services to local entrepreneurs as well as implement an important new technology development project. As part of this total, C$429,000 was provided through FedNor’s Regional[…]