Latest Mining Services Sector News

MLG Oz Limited has locked in a five-year extension with Newmont’s Tanami Operations, promising $200 million in revenue and reinforcing its role as a key integrated mining services provider.

GR Engineering Services Limited has been awarded a $68 million EPC contract by Northparkes Mining Services, a subsidiary of Evolution Mining, to upgrade the Northparkes Coarse Particle Flotation Project in New South Wales, aiming to improve copper recovery and energy efficiency.

Aquirian Limited has reported a strong rebound to profitability in the half year ending December 2025, driven by robust revenue growth and strategic partnerships that position it for expansion in mining services.

GR Engineering Services has been named preferred contractor for Brightstar Resources’ Laverton Processing Plant, a major 1.5 Mtpa gold facility in Western Australia, pending final investment and funding decisions.

Babylon Pump & Power has reported a robust December quarter, driven by strong rental segment performance and a significant new contract with Newmont. Despite challenges in its maintenance division, the company is positioned for growth with fresh leadership and strategic asset management.

Mitchell Services Limited has reported a remarkable first half of FY26, posting a 71% increase in quarterly EBITDA and achieving a net cash position of $7.2 million. The company’s strong operating cashflows and improved market conditions underpin its optimistic outlook.

Aquirian Limited reports a robust first half of FY26 with revenue up 27.4% and EBITDA more than doubling, driven by strategic facility upgrades and promising joint ventures.

Babylon Pump & Power has secured a three-year contract with gold giant Newmont, promising steady revenue and reinforcing its position in the mining services sector.

Tasman Resources has increased its investment in Eden Innovations through a $250,000 conditional share placement, raising its ownership to 13.95% and securing additional options. This move replaces further financial support and positions Tasman shareholders to benefit from Eden’s growth potential.

Develop Global Limited has landed a significant A$200 million contract to build underground access tunnels at OceanaGold’s Waihi North Project in New Zealand, marking a major milestone for its mining services division.

Aquirian’s subsidiary TBS Mining Solutions has inked a $4.2 million deal with Papyrus Australia to manufacture biodegradable Collar Keeper® products, marking a significant step in sustainable mining practices.

Papyrus Australia has secured a $4.2 million contract to manufacture biodegradable Collar Keeper® products for the mining sector, marking its shift from R&D to commercial production. The agreement with TBS Mining Solutions sets the stage for sustainable innovation in mining operations.