Archives: Mining finance

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[…]

Austin Engineering says it has been selected by the Western Australian (WA) Government for a grant of up to A$5 million ($3.5 million) to boost its advanced manufacturing program at its Perth-based operations in Kewdale. The grant funding has been allocated under the Government’s Investment Attraction Fund (IAF), which was announced in March 2022. The[…]

Saudi Arabia is using its investment power to create a more diverse and sustainable economy through its Vision 2030 initiative. This includes transforming Saudi Arabia into a leading industrial powerhouse and a global logistics hub, by maximising the value of its mining and energy sectors while unlocking the full potential of local content and the[…]

IMDEX has announced record first-half revenue to end-2022 matched with targeted acquisition activity designed to, it says, further enhance its market-leading position. The company reported strong growth in Africa, South America and the Asia Pacific, and increasing demand for critical minerals as it revealed record revenue of A$198.8 million ($137.7 million), an 18.4% increase on[…]

In partnership with the University of Greenwich and the University of Exeter, UK-based RheEnergise has secured a grant of £1 million ($1.2 million), funded through the Net Zero Innovation Portfolio (NZIP) as part of the UK Government’s Energy Entrepreneurs Fund (EEF). The government grant will fund work to identify and test waste materials (such as[…]

General Motors Co and Lithium Americas Corp have announced they will jointly invest to develop the Thacker Pass mine in Nevada, which is the largest known source of lithium in the United States and the third largest in the world. Under the agreement, GM will make a $650 million equity investment in Lithium Americas, which[…]