Latest Mining Services News

Orica has successfully raised USD 390 million through a US Private Placement, extending its debt maturity profile and strengthening its balance sheet amid strong investor demand.

Aquirian Limited has secured $5 million in fresh capital to upgrade its Wubin emulsion facility and accelerate commercialization of its innovative Collar Keeper® technology, alongside a new $1.5 million tolling contract.

Macmahon Holdings has locked in a new $550 million syndicated debt facility, extending maturity to 2029 with improved terms and robust bank backing. This refinancing positions the company for strategic growth while maintaining a conservative liquidity stance.

Babylon Pump & Power has successfully placed over 202 million shortfall shares, raising approximately $811,728 from sophisticated investors as part of its recent entitlement offer.

Emeco Holdings has reaffirmed its FY25 guidance, targeting $300 million in operating EBITDA and signalling confidence in earnings growth for FY26 amid disciplined cost management and a resilient mining sector.

SSH Group has raised $2.75 million in a placement anchored by mining sector heavyweight Ross Stewart Norgard, aiming to accelerate its mining services expansion in Western Australia.

MLG Oz Limited has secured its first contract with mining giant Rio Tinto, marking a significant expansion into the Pilbara region with a $20 million haulage and site services deal.

Saunders International has landed a $27 million contract to install critical processing tanks at Kalgoorlie Consolidated Gold Mines, reinforcing its growing presence in Western Australia's mining sector.

NRW Holdings faces a significant threat to its $113.3 million secured debt after the South Australian Government proposed legislation that could invalidate key lease agreements underpinning its security interests in Whyalla Ports.

SSH Group has signed a binding agreement to acquire Total Contract Mining, enhancing its mining services capabilities and appointing key industry leaders to drive growth.

Orica Limited reported a robust first half FY2025 with a 40% rise in NPAT pre-significant items and strong cash flow, underpinned by demand for premium blasting and digital solutions. The company also announced a $400 million share buy-back and a 32% higher interim dividend.

Babylon Pump & Power Limited reported a 22% revenue decline for the half year ending December 31, 2024, yet achieved a 64% surge in profit after tax, driven by operational efficiencies and strategic contract wins.