Latest Mining Equipment And Services News

Alfabs Australia delivered an 11% revenue increase and improved free cash flow in FY26, progressing its debt restructuring and setting the stage for dividend reinstatement.

Austin Engineering has refinanced $43.9 million of banking facilities with HSBC, simplifying its debt structure and extending its funding platform through to November 2029 to support growth and working capital needs.

MLG Oz Ltd has announced three new and extended contracts with major mining companies, collectively expected to generate around $20 million in annual revenue. These include a five-year extension at Gruyere, a multi-site mobile crushing contract with Northern Star, and a civil construction project with Endurance Mining.

Baumart Holdings has recorded a nearly $1 million impairment on its mining equipment due to halted diamond mining operations and no clear plans for asset redeployment.

Babylon Pump & Power capped FY25 with its strongest rental segment performance and is poised to expand significantly following imminent acquisitions of Matrix Hydro Services and Blue Hire.