Archives: Mining finance

Epiroc continued to register high demand from the mining sector in the September quarter, as several large mining equipment orders were won over the three-month period, leading to a 17% year-on-year rise in orders received. This total of SEK14.36 billion (US$1.29 billion) was supported by strong organic growth and acquisitions, Epiroc said, as well as[…]

IMDEX has revealed record September-quarter revenue of A$126.1 million ($79.4 million) as the group continues to benefit from the recent acquisition of Devico. Revenue was up 19% on the same time last year, with Devico contributing about A$18.2 million, or 17%, of the increase. Organically, excluding Devico, revenue was A$107.9 million, a 2% increase on[…]

Exyn Technologies, a pioneer in multi-platform robotic autonomy for complex, GPS-denied environments, has announced the successful second close of its recent funding round. This milestone, Exyn says, further strengthens the company’s strategic partnerships with two prominent investors, C.R. Kennedy & Company and Aero X Ventures. Exyn says it is revolutionising industries such as mining, logistics[…]

Thor Energy Plc has announced a collaboration with Fleet Space Technologies to undertake Ambient Noise Tomography (ANT) surveys to advance Thor’s understanding of the Alford East copper-REE project, in South Australia. The exploration-focused agreement will see Fleet deploy its EXOSPHERE BY FLEET® technology, which scans the ground using the advanced ANT seismic tomography technique, where[…]

As well as posting record underlying earnings for its financial year ending June 30, 2023, IMDEX made significant strides with deploying its newest technology, the company says. This is the first set of financial results to include revenue from global directional drilling and sensor technology company, Devico, which IMEX acquired in February. Revenue for the[…]

Trigon Metals Inc has placed an order with Epiroc South Africa Pty Ltd to purchase underground mining equipment to the value of US$8.9 million. This equipment will comprise the majority of the underground mining fleet for the restart of mining from the Asis West shaft at the company’s Kombat copper mine in Namibia, where production[…]

The Weir Group has issued its half-year results to June 30, 2023, noting some significant achievements across its Minerals and ESCO divisions. Headline numbers for the six-month period included a 19% year-on-year jump in revenues to £1.3 billion ($1.67 billion) and a 26% rise in operating profit to £212 million. Weir Minerals continued to execute[…]

Ore characterisation company Plotlogic and its proprietary OreSense® technology have been given a boost with the latest $28 million funding round, supported by US- and Australia-based venture capital climate and sustainability firms. In the five years since its inception, Plotlogic has become a leader in ore characterisation. Its OreSense technology is helping customers, including BHP,[…]

Komatsu has announced a $250,000 contribution towards Vision 2025, an AED (Associated Equipment Distributors) Foundation project aimed at helping to increase the number of qualified technicians entering the equipment distribution industry. Research by the AED Foundation has found that the industry needs to fill an anticipated 73,500 heavy equipment technician positions over the next five[…]

Weir Group continued to benefit from relatively high commodity prices, tightness in physical inventories of metals and minerals, and strong end market demand for commodities in the March quarter, registering a 22% boost in original equipment order growth in the three-month period. The company said brownfield activity and sustainability projects were behind this leap in[…]