Latest Mining Equipment News

Advanced Braking Technology Ltd has kicked off FY26 with a 21% rise in product sales revenue and a 66% jump in net profit before tax, underpinned by expanding international demand and progress in autonomous braking systems.

Iluka Resources reported steady Q3 production but announced suspension of synthetic rutile and Cataby mine operations from December 2025, aiming for significant cost savings. Meanwhile, rare earths refinery construction accelerates amid tightening Chinese export controls.

Alkane Resources reports a total of 1.97 million ounces of gold in Mineral Resources at its Swedish Björkdal operations, with underground mining ongoing and open pit mining paused until 2027. Exploration highlights suggest promising extensions near existing infrastructure.

RPMGlobal Holdings Limited has agreed to be acquired by Caterpillar Inc. through a Scheme of Arrangement valuing the company at over $1.1 billion, offering shareholders a 32.6% premium. The deal awaits regulatory and shareholder approvals, marking a significant consolidation in mining software technology.

Lindian Resources has successfully completed early development works at its Kangankunde Rare Earths Project in Malawi on time and within budget, setting the stage for mining operations to begin in early 2026. The company has also secured key mining equipment and is progressing with infrastructure and process plant preparations.

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.

West Wits Mining has locked in a USD 12.5 million tranche of a USD 35 million loan facility from Nebari to accelerate development of its Qala Shallows Gold Project, aiming for first gold production in early 2026.

Austin Engineering has announced a Board-approved on-market share buy-back of up to 10% of its ordinary shares over the next 12 months, reflecting confidence in its financial strength and growth prospects.

Everlast Minerals Ltd has issued a Replacement Prospectus for a $4-6 million ASX IPO to fund its mineral sands projects in Bangladesh, focusing on advancing the Gaibandha project towards commercial production.

Perseus Mining has secured presidential approval to develop the CMA underground project at Yaouré, marking a pivotal expansion in Côte d’Ivoire’s gold mining sector. The project promises to extend mine life to 2035 with production ramping up by early 2027.

West Wits Mining has secured a $12.5 million USD loan facility from Nebari to fast-track development of its Qala Shallows Gold Project in South Africa, aiming for first gold production in early 2026.

RPMGlobal has received a $5.00 per share indicative offer from Caterpillar, valuing the mining software firm at over $1.1 billion. The company has agreed to a six-week exclusivity period to negotiate a binding deal.