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Tag - FUNDING

Komatsu driverless trucks

Mining giant accelerates ‘safe’ automation

A resources multinational will work with new partners to fast-track autonomous mineral production. Rio Tinto recently approved an initial $14.4 million in funding to make global operations safer and...

Simandou mine site

Major funding turns $26B mega mine into ‘reality’

A Pilbara ‘killer’ resources project will proceed after securing crucial finance. Investors recently approved $15 billion (A$22.6B) in funding agreements for the $26B Simandou mine, 526km...

Dianne project

Far North Qld mine accelerates reopening

A resources company will fast-track its mining revival in Queensland’s Cook Shire. Revolver Resources recently confirmed it would use new funding to quickly reopen its Dianne Project, 260km...

Wiluna mine

$73M mining revival announced

A struggling resources operation could reopen if everything goes to plan. Administrators recently revealed $73 million would be sufficient to restart Wiluna mine, 530km north of Kalgoorlie. Wiluna...

Dartbrook Coal Mine

$300M coal mine secures final funding for reopening

A fossil fuel revival received the last funds needed to resume production. Australian Pacific Coal (AQC) recently finalised a new three-year US$60 million (A$90M) debt facility with Vitol Asia. This...

EACON driverless truck

$83M funding secured for driverless truck expansion

An employer raised money to roll out more autonomous heavy vehicles. EACON Mining Technology recently attracted US$55.22 million (A$83.4M) of capital to deploy additional driverless trucks. Richen...

Glencore coal

Coal mine reopens after securing $220M lifeline

A foreign owned resources operation will resume work thanks to new funding. About $220 million will help restart production at Lanco Infratech’s Griffin Coal Mine. The Western Australian...

Dartbrook Coal Mine

$300M coal mine fully covers reopening cost

A mothballed fossil fuel development has enough funds to restart production. Australian Pacific Coal (AQC) recently confirmed it can fully reopen its Dartbrook Coal Project, 122km northwest of...

True North

Qld mine reopening secures funding

A sustainable resources company is one step closer to restarting production at a North Queensland operation. About $15 million was recently secured to reopen the Great Australia mine in Cloncurry...