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EQ Resources' tungsten acquisition - Mining Magazine Australia
Australia · Australia

EQ Resources' tungsten acquisition - Mining Magazine Australia

Image: Björn Wylezich/stock.adobe.comEQ Resources has executed a binding heads of agreement (HoA) to facilitate diversification and vertical integration of its upstream operations.  Under the HoA, EQ Resources is to acquire 100 per cent of the shares in Tungsten Metals Group Limited and its subsidiaries (together, TMG) and separately George Chen’s interest in Asia Tungsten Products Co Ltd (ATC). The agreement will result in EQR obtaining 100 per…See the Story
AxFlow strengthens Australian market position - Mining Magazine Australia
Australia · Australia

AxFlow strengthens Australian market position - Mining Magazine Australia

Image: AxFlow Oceania GroupAxFlow, a global leader in fluid handling solutions, has acquired renowned Australian pump and service provider, Superior Pump Technologies (SPT). This strategic acquisition will bolster AxFlow’s presence in the drilling, mining, oil, food and beverage, and water/wastewater sectors in Australia, while also significantly enhancing its service and repair capabilities across the region. SPT is a certified SPX Flow repair …See the Story
Industry snapshot: the latest Aussie Mine report - Mining Magazine Australia
Australia · Australia

Industry snapshot: the latest Aussie Mine report - Mining Magazine Australia

Image: Hans/stock.abode.com PwC Australia has released its 19th annual Aussie Mine report, offering insights into the sector’s challenges and the market value of the mid-tier 50 mining companies.  The report shows that Australia’s overall mining market value remains robust despite significant sector shifts. Additionally, the total market value of the mid-tier 50 mining companies (MT50) remained at $139 billion in 2024, reflecting resilience desp…See the Story

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