NextOre raises $2.0 million in private funding

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NextOre has successfully  raised $2.0M in a private funding round primarily to ramp up manufacturing and sales of its flagship bulk ore sorting sensor system. This disruptive technology in the mining space has been a dedicated and world class development by CSIRO Minerals Resources and is the second game changing and successful partnership between CSIRO and RFC Ambrian in the…

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Report 2 – Autonomous Mining Equipment

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RFC Ambrian has released the second report in its series on new technology and innovation. This report examines one of the most talked about areas of new technology and innovation in the mining sector, the development of autonomous mining equipment. Which has reached an important level of maturity, including both surface and underground equipment, and most notably surface mine haulage trucks…

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Buoyant commodity prices not enough to keep AUD afloat

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The Alchemist, Issue 35: Resilience in commodity prices has not been enough to prevent the Aussie dollar from being one of the worst-performing developed economy currencies of 2018. The Aussie dollar closed out in January 2019 at US$0.715, $0.137 below the price predicted by RFC Ambrian’s commodity price-based exchange rate model. The ongoing deviation between commodity prices and the AUD/USD…

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