Archives: Mining finance

The trend of equipment automation is no longer confined to certain regions or sectors; it is a global phenomenon. That is the impression Epiroc has provided in the last few months, as well as in its September quarter results, the latter of which was released today. Having reported a swelling order book for this quarter[…]

Sandvik Mining and Rock Solutions booked its highest order intake on record during the September quarter as demand for the company’s solutions continued the positive trajectory the OEM has seen throughout the year. The company, a part of the Sandvik Group, recorded a strong contribution from all divisions, it said. Organic order intake grew by[…]

Tungsten West, the mining company focused on recommencing production at the Hemerdon tungsten and tin mine in Devon, England, has announced its intention to proceed with an initial public offering on London’s AIM market. The company has conditionally raised £39 million ($53 million) before expenses, with plans to debut on the bourse on October 21[…]

Australian start-up, mDetect, a spin-out company from Swinburne University of Technology, is using particles from space, known as muons, to, it says, help mining companies detect weaknesses in dams that secure highly toxic mining waste by-products, making them environmentally safer. The hazardous waste early warning system, using muon technology, will revolutionise how mining companies monitor[…]

Perth, Western Australia-based robotics company Nexxis has been awarded a A$675,000 ($491,420) Advanced Manufacturing Growth Centre (AMGC) Commercialisation Fund grant to assist its efforts commercialising its Magneto technology. In August, Nexxis unveiled the world’s first fully design-approved EX-rated robotic camera inspection device – Magneto-EX. The spider-like device with its magnetic feet is the first developed[…]

3ME Technology has completed a A$20 million ($14.6 million) capital raise with the CEFC and the Australian Business Growth Fund (AGBF) that will allow the company to scale-up production of its modular and scalable battery systems. The CEFC, on behalf of the Australian Government, has pledged A$5 million of investment in 3ME, with the remainder[…]

Australia-based Chrysos Corporation has successfully completed an equity placement, raising A$50 million ($37 million) of funds to, it says, meet accelerating demand for its PhotonAssay™ technology from miners, explorers and laboratories across the globe. The technology is billed as being able to displace slower, more hazardous and toxic assay processes. It delivers faster, safer, more[…]

Plotlogic’s mission to deliver precision mining across the world has been given a boost with A$7.5 million ($5.5 million) of funding from international investors. Plotlogic’s primary focus is on providing accurate real-time orebody knowledge to enable greater operational efficiency and resource utilisation. Its OreSense® technology has demonstrated its ability to improve health and safety, enhance[…]

A division of Volvo Group has backed the latest round of funding from Foretellix, a platform provider for automating the testing, verification and validation for automated driving systems (ADAS and AV). The latest round of funding has seen the company raise $32 million, bringing its total raised capital to over $50 million, allowing Foretellix to[…]

Mitchell Services, noting the strongest demand for drilling services since 2008, is raising funds to take advantage of opportunities in its native Australian market. The company is undertaking a fully underwritten accelerated non-renounceable entitlement offer to raise around A$10.5 million ($7.7 million) to support funding of a sizeable organic growth opportunity, it said. The ASX-listed[…]