New Technology & Innovation – Series Summary

By | Disruptive Technology, New Technology & Innovation Series, Reports | No Comments

RFC Ambrian recently completed the publication of six reports on new technology and innovation in the mining industry, delivered over the course of 2019. The reports have attempted to look at what new technology is available, what is being developed and some of the aspirations for the ‘Mine of the Future’. The emphasis has been on the top initiatives which…

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NextOre raises $2.5 million in private funding in 2019

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NextOre has expanded its private funding round to $2.5 million which will be used to ramp up manufacturing and sales of its flagship bulk ore sorting sensor system. NextOre announces the expansion of its $2.0 million fundraising, first announced in July 2019, to $2.5 million marking the completion of this funding round. This disruptive technology in the mining space represents…

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Nextore awarded a $1.07m grant from NSW Office of the Chief Scientist & Engineer

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Nextore has received recognition for their breakthrough magnetic resonance technology – grade detection system to mobile mining machinery, through being awarded a $1.07million grant through the Physical Sciences Fund from the NSW Office of the Chief Scientist & Engineer. The Physical Sciences Fund (“PSF”) is a competitive development and commercialisation program for technological innovation in NSW. The PSF aims to…

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Mining: start-up and scale-up businesses

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RFC  Ambrian executive, Chris Vinson notes that with the right conditions “start and scale-up businesses can deliver significant contributions to the industry”. Chris participated in the Mining Beacon webinar held in September 2019 and observed, there were inherent challenges to finding the right partnerships “If you are a venture capital firm, you have return thresholds to meet” In the Australian…

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