Archives: Mining finance

OZ Minerals has committed funds to support in-situ recovery (ISR) research at the Kapunda copper-gold ISR project in South Australia, putting the project owners closer to outlining the potential economic extraction of copper resources via ISR. Kapunda is being steered by EnviroCopper Ltd, which, itself, has a joint venture in place with tenement holder Terramin[…]

In a quarter of record revenues and adjusted operating margin, Epiroc’s battery-electric equipment orders and market demand for electrified mining solutions again came to the fore. The company posted revenues of SEK11.9 billion ($1.2 billion) in the June quarter, 22% up on the same three-month period of a year ago. Its adjusted operating margin came[…]

Tungsten West PLC, the mining company focussed on restarting production at the Hemerdon tungsten and tin mine in Devon, England, has concluded a re-evaluation of the options for bringing the Hemerdon Mine back into production and announces its new development plan. The plan has been developed in response to global crises in power and diesel[…]

MineHub Technologies Inc has entered into a commercial agreement with BHP, the largest global resources company. Under the agreement, BHP will subscribe to the MineHub platform and enterprise applications as a paying customer. The MineHub global team will work closely with BHP to support the adoption of the MineHub platform by BHP operations and its[…]

Marathon Gold Corp says it has executed a credit-approved commitment letter with Caterpillar Financial Services Limited for equipment lease financing related to the development and operation of the Valentine gold project in Newfoundland, Canada. The commitment letter with Cat Financial contemplates $81 million of equipment leasing for Caterpillar trucks, excavators, graders, loaders and dozers, for[…]

Vale says it is launching Vale Ventures, its corporate venture capital initiative, to support pioneering start-ups around the world and create new business opportunities and innovative technologies to incorporate into its own operations. The $100 million fund has been setup to acquire minority stakes in start-ups focused on four themes: Decarbonisation in the mining value[…]

Warrior Met Coal says it is relaunching the development of its Blue Creek reserves into a new, world-class longwall mine located in Alabama, USA, near its existing mines. Once completed, this investment will reinforce Warrior’s position as the premier US pure-play producer of premium metallurgical coal products that are sought by customers throughout the global[…]

Remote monitoring specialist Omniflex and engineering firm AMOG Consulting have received new funding from industry growth centre METS Ignited that will could accelerate the commercialisation of the companies’ Industrial Internet of Things (IIoT) oversize detection instrumentation for the global mining industry. The award is part of a METS Ignited A$2.5 million ($1.8 million) funding initiative[…]

The latest round of METS Ignited project funding has seen Safescape become one of six METS companies to receive a grant designed to accelerate commercialisation of its technology. The funding will support the continued development of the Bortana electric light vehicle, helping Safescape move from BETA test phase to full production in late 2022, according to[…]

Sandvik Mining and Rock Solutions has announced it is entering the US market with a structured rental offering that, it says, meets the needs of customers that are looking for short term, off-balance sheet solutions to fill production gaps or expand their operations, but at minimal risk. Building on the success and learnings of its[…]