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WesTrac gives back to Country

Yinhawangha dancers, who come from the region around Rio Tinto’s West Angelas, perform as part of the ceremony. Cat dealer WesTrac has conducted a ceremony at the company’s South Guildford facility in WA to hand over a Cat D10T2 dozer to Indigenous contracting...

Cobre raises cash for Botswana exploration

ASX-listed junior Cobre has completed a A$7-million capital raise to fund exploration work in Botswana. The share placement, which was priced at 15c a share, was undertaken in two tranches with the first tranche, consisting of more than 20.3-million shares, placed...

Orica makes earth move with Axis acquisition

Orica has moved to acquire all of the share capital in the entities that own Axis Mining Technology for $260 million in cash. In addition, a deferred earn-out payment up to a maximum $90m is payable based on Axis’ cumulative EBITDA generated from October 1, 2022,...

Orica strikes acquisition deal, raises major cash

Mining solutions provider Orica has announced the acquisition of digital orebody intelligence business Axis Mining Technology for up to A$350-million. The acquisition price would comprise an up-front cash component of A$260-million and a deferred earn-out payment of...