World > Australia

METS investment on the agenda

Mining technology was very much in the spotlight at the recent Austmine conference in Western Australia, though investors in the space generally stayed well hidden at the showcase event. That could change in future if companies such as Imdex, a tech firm that led METS-equity risers in Australia over the past year, continues its ascent and demonstration of the enormous value to be added as mining’s culture shift matures.

World > Australia

METS investment on the agenda

Mining technology was very much in the spotlight at the recent Austmine conference in Western Australia, though investors in the space generally stayed well hidden at the showcase event. That could change in future if companies such as Imdex, a tech firm that led METS-equity risers in Australia over the past year, continues its ascent and demonstration of the enormous value to be added as mining’s culture shift matures.

METS investment on the agenda

Mining's rising digital investment evidenced by climbing sales for some METS companies. Image: Cisco

Imdex (ASX: IMD) climbed nearly 267% in the year to June 30, leading ASX-listed mining equipment, technology and services (METS) equities in that period. Other strong METS tech gains in the past 12 months were posted by Codan (ASX: CDA), a company with a dominant non-mining tech business but bright prospects for expansion in mining, and RPM Global (ASX: RUL), the former Runge mining consulting firm that has spent big on acquisitions and software development in the past four years to become a serious mining IT player.