Archives: Mining finance

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[…]

Having convinced iron ore miner Roy Hill to move ahead with plans to create the world’s largest autonomous mine, Epiroc and ASI – which the OEM owns 34% of – are ready to take on new equipment-agnostic automation opportunities, Helena Hedblom says. Speaking after the company’s December quarter and 2022 results were released, Hedblom, President[…]

Greening Canada’s mining sector is a crucial part of the country’s transition toward a low-carbon economy. That is why the Government of Canada says it is “making investments that will help build a greener future by supporting advancements in sustainable mining practices, while creating well-paying jobs that will support global demand for Canada’s critical minerals.”[…]

FLSmidth’s Capital Markets Day on January 18, 2023 marked the culmination of a major portfolio review that really ramped up on the completion of its acquisition of thyssenkrupp’s mining business on September 1, 2022. But the overall change at FLSmidth also runs much deeper – Group CEO Mikko Keto also said during the CMD event[…]

RPMGlobal’s software & technology solutions span the whole mining industry from exploration to closure. But two areas – ESG and zero emissions mining fleets – are very topical at the moment and very much in its wheelhouse. IM Editorial Director, Paul Moore, had the chance to talk in-depth with the company at IMARC 2022. Starting[…]

BHP Xplor, an accelerator program introduced by BHP in August 2022, has announced its first cohort of seven companies focused on discovering the copper, nickel and other critical minerals needed to support the energy transition. These seven have been selected out of hundreds of applications received from all around the world, BHP said, adding that[…]