Latest Asset Refurbishment News

Alfabs Australia has locked in a 12-month hire agreement for its Continuous Miner CM04 with a Queensland mining client, adding around $2.5 million in annualised revenue and boosting fleet utilisation.

Babylon Pump & Power has initiated a $12.7 million rights issue at a 37.5% discount to restore working capital, reduce debt, and expand its water management rental fleet, aiming to lift its ASX trading suspension.

Close the Loop Limited reported a 7% decline in revenue to $195.1 million for FY25, alongside a significant net loss increase to $21.9 million, driven by operational challenges and one-off costs. The company is navigating leadership changes and portfolio adjustments while maintaining a focus on sustainability and circular economy growth.