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Epiroc to acquire Kinetic for tech solutions

Kinetic Logging Services’ OreSight platform Epiroc will acquire the expertise of Australian company Kinetic Logging Services for the recording of geophysical data. The deal should be complete before July 2021, providing the Swiss multinational with products such as...

Coal and Coke Export in January-March 2021 Up

According to the RF Federal Customs Service, in January-March 2021 Russia exported 50 mn tons of coal, up 11.7% year-on-year. In terms of value, coal export amounted to $3.2 bn, up 7.7% year-on-year. Coal import during the period under report made 4.7 mn tons, down...

Peninsula raises A$15m for uranium buy

Uranium developer Peninsula Energy on Friday announced a A$15-million capital raise to fund the purchase of 300 000 lb of uranium. The company told shareholders that it had received firm commitments for institutional and high net worth investors for the placement of...

Equinox Gold tops up i-80 investment

Toronto-listed Equinox Gold has exercised its anti-dilution right by subscribing for another 5.5-million new shares at C$2.60 each in spin-out i-80. “The exercise of Equinox’s anti-dilution right further strengthens our balance sheet and I believe...

Australian Government backs SME mining innovation

The Department of Industry, Science, Energy and Resources has tabled a review of Australia’s patent system for small and medium enterprises (SMEs) in an effort to encourage innovation across multiple industries. Australia’s mining equipment, technology and services...