Latest Mining Equipment News

Fortescue Ltd delivered a record 201.3 million tonnes of iron ore in FY26, alongside a 3% rise in underlying net profit after tax to US$3.47 billion, despite a significant $750 million impairment charge on its Iron Bridge asset. The miner declared a fully franked final dividend of A$0.46 per share and continues to advance its ambitious decarbonisation and growth agenda.

Advanced Braking Technology’s BRAKEiQ has cleared a critical international standard step, confirming its interoperability with third-party systems and edging closer to full CAS Level 9 certification for mining safety.

Emeco Holdings posted a 5% rise in operating NPAT for FY26, strengthened its balance sheet with net debt down to $127 million, and launched a 10% on-market share buy-back while advancing its net zero emissions strategy.

AXP Energy is installing a 320kW natural gas generator at its Edwards Lease in Oklahoma to power digital mining equipment, marking its first commercial gas-to-power project following a successful Colorado trial.

Canyon Resources has advanced key infrastructure for its Minim Martap bauxite project, delivering locomotives and increasing stakes in Camrail and the Port of Douala operator, while navigating a conditional takeover bid from its majority shareholder.

Fortescue Metals Group delivered a record 201.3 million tonnes of iron ore shipments in FY26, maintaining cost control despite inflation and advancing its green energy projects. The company flagged a US$525 million impairment on Iron Bridge but remains focused on decarbonisation and growth.

Volt Group has delivered a record $5.1 million in half year revenue receipts for HY26, more than doubling prior year results, driven by strong contributions from its 4D Delta acquisition and solid performances across Wescone and EcoQuip.

Rand Mining’s cash balance fell to $2.086 million in June quarter as gold sales dipped and operating cash flow turned negative, pressured by higher production and development expenses.

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.

Perenti's subsidiary AMS, through AMAX Ltd, has secured a six-month contract extension at the Iduapriem Gold Mine in Ghana, including the sale of mining equipment valued between A$30 million and A$40 million to AngloGold Ashanti.

Caravel Minerals has completed the mining component of its Definitive Feasibility Study for the Caravel Copper Project, underpinning an updated Ore Reserve of 597 million tonnes at 0.24% copper. The study outlines a staged open pit operation with plans for autonomous haulage and contractor engagement in early mining.

Alfabs Australia has strengthened its financial footing in Q4 FY26, commissioning new mining equipment and cutting costs to reduce net debt and progress towards dividend reinstatement.