Imdex

Mining technology supplier Imdex has announced the forthcoming retirement of its managing director Bernie Ridgeway after delivering record revenue and higher earnings for the 2019 financial year.

Mining technology company Imdex is the latest addition to the BN30 index, Business News’s Western Australian equivalent of the Dow Jones index on the New York Stock Exchange.

Global mining-tech company Imdex has exercised its option to acquire New Zealand-based Flexidrill, after gaining the option early last year, for a further payment of $NZ3 million cash.

An industrial infill precinct in Welshpool with a chequered history is attracting interest from occupiers, with four-wheel drive accessory manufacturer ARB Corporation and United Fasteners moving in late last year, and a leasing campaign launched for a new-build office and warehouse at the same site.

Saracen Mineral Holdings has reported strong growth in its interim profits, helped by increased production and the recent acquisition of its stake in the Kalgoorlie Super Pit. Fellow gold miner Regis Resources and mining technology company Imdex have also reported positive first-half results.

SPECIAL REPORT: Capital for the junior mining sector is drying up amid growing concern the traditional business model for small explorers is broken.

Bernie Ridgeway led Imdex out of tough circumstances two decades ago and has undertaken more than 20 acquisitions since.

Mining technology company Imdex has boosted its rock knowledge capability after completing the purchase of AusSpec International for a total consideration of $8.5 million.

How should WA prepare for a productivity revolution driven by data science and machine learning?

Mining tech company Imdex has lifted its first-half earnings to $33.1 million following an increase in demand for the business’s remote working solutions in response to COVID-19.

Shares in IMDEX were up by more than 8 per cent today, after the mining technology company reported a significant jump in revenue and net profit.

WA’s mining industry is renowned for its technical innovations, but key industry players believe far more could be achieved.

ASX-listed Imdex is acquiring mining software from Californian business DataCloud for $20 million in cash and shares.

The recent $100 million sale of Agworld is a badge of success for WA tech but also reveals the sector’s limitations.

Imdex is set to add more mining software to its arsenal after acquiring a 30 per cent stake in Melbourne-based image analysis company Datarock.

Peppermint Grove neighbours best known for their business acumen are fighting in court over a sliver of land "hardly wide enough to accommodate a punnet of petunias".

Mining tech company Imdex reported solid revenue and profit increases during the past six months but has indicated that labour restrictions and delivery delays frustrated its pace of growth.

Ten years after opening its doors, Spacecubed has increased capacity to support WA innovators.

ASX-listed mining tech Imdex has reported a solid earnings lift to deliver a $44 million profit for the year while revealing a $13 million contract win for work on Fortescue’s new magnetite project.

Steel Blue, Mader and Foodbank WA were among the winners of the 2022 RISE Business Awards.

Perth-based mining technology company Imdex is raising $224 million to bankroll the $300 million-plus acquisition of industry competitor Devico.

Medical technology company Artrya Limited has appointed experienced executive Mathew Regan as the company’s new leader after its co-founder John Barrington resigned.

Mining tech company Imdex has struck a deal with the state government to become the first industry partner of the recently built Australian Automation and Robotics Precinct.

Lifeline WA, Bestbar Reinforcements and Topdrill were among the winners of the 2023 RISE Business Awards.

Imdex has delivered a record revenue of $235 million for the first half of the year, a result the mining technology company credited to its acquisition of Devico.

Business News has significantly overhauled the BN30 index, a proxy for the WA economy, with seven new additions, prompted by the exit of takeover targets MMA Offshore, APM and Decmil.

Mining technology company Imdex has settled a long-running dispute with Boart Longyear, securing a $10 million payout and likely control of local firm Globaltech.

A record revenue spurred by the acquisition of Devico wasn’t enough to offset tough market conditions for Imdex, which posted a 7 per cent decline in profit.

Perth-headquartered mining tech company IMDEX expects global resources exploration activity to bounce back next financial year, after lower spend hit its revenue in the half-year.

Embattled miner Mineral Resources will drop out of a key ASX index tracking the 50 biggest companies on the market, as its share price battles continue.