News Archives - Page 11 of 14

December 5, 2019

The sky is the limit: Bernie Ridgeway – CEO Magazine

Published by CEO Magazine 17 October 2019 https://www.theceomagazine.com/executive-interviews/it-electronics/bernie-ridgeway/ With passion, commitment and the right vision, Imdex Managing Director Bernie Ridgeway believes anything is possible. Bernie Ridgeway isn’t afraid of hard work. Before he joined Imdex as Managing Director in 2000, the company was struggling. While many others might have walked away, he saw plenty of potential in the troubled business and had no doubt he could turn it around. “Imdex was generating revenue of approximately A$20 million per annum, it was losing money and had a market capitalisation of less than A$10 million. The company was listed on the ASX in 1987, so […]

December 5, 2019

Paul House to become IMDEX Chief Executive Officer, effective 1 July 2020

Leading global Mining-Tech company, Imdex Limited, today announced that Mr Paul House will be appointed Chief Executive Officer (CEO), following Mr Bernie Ridgeway’s retirement on 1 July 2020. Mr Ridgeway, who commenced as Managing Director in 2000, announced his intention to retire on 19 August 2019. Since that time, IMDEX’s Board has undertaken an exhaustive search for the ideal CEO, considering internal and external candidates. Commenting on the appointment, IMDEX Chairman, Mr Anthony Wooles, said: “The selection process was extensive and rigorous. Our Board unanimously agree Paul House has the capabilities, attributes and energy, to continue to drive long-term sustainable earnings growth for our shareholders.” Mr House, […]

December 8, 2019

IMDEX buys Flexidrill for $40m

IMDEX’s recent acquisition of New Zealand-based Flexidrill featured in the Business News on 6th December 2019. 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. IMDEX had already paid $NZ10 million in both cash and IMDEX shares, and will pay a further $NZ27 million in share and royalty-related payments, based on milestones achieved and revenue generated from the acquired business. The company said the acquisition would strengthen its market position and expand its technology offering to its clients, which now included Flexidrill’s ‘Corevibe’ and ‘Maghammer’ drilling technologies. IMDEX […]

December 8, 2019

IMDEX brings home Mining Journal’s METS Company of the Year

Published: Mining Journal. 30 September 2019 https://www.mining-journal.com/mining-journal-awards/news/1372552/mining-journal-awards-2019-winners-announced ASX-listed IMDEX, said to have a presence on up to 70% of mineral drill sites globally and sales in 102 countries, has seen its share-price rise sevenfold since mid-2016 as global mineral exploration levels have recovered and its new technology offerings have gained market traction. While global mineral exploration is still nowhere near its last peak in 2012, IMDEX has won new investors in a period when the few genuine mining technology stocks offering exposure to the industry’s seemingly growing appetite for tech have been more closely scrutinised in the Australia, North American and London […]

December 8, 2019

DRILL HAX – What is True North?

True North, Magnetic North, Grid North… do you know the difference between them? Are you choosing the correct tool? Hear from IMDEX in-house experts Michelle Carey, Vince Sullivan and Nick Payne, explaining these critical calculations. Vic

January 1, 2020

DRILL HAX – What are the biggest issues with using Drilling Fluids?

What are the biggest issues with using Drilling Fluids? IMDEX in-house Mud expert Scott Sholer provides insights to one of the most asked questions by the industry.

January 1, 2020

DRILL HAX – What is the biggest misconception about Drilling Fluids?

What are the biggest misconceptions about Drilling Fluids? IMDEX in-house Mud expert Scott Sholer provides insights to one of the most asked questions by the industry.

January 2, 2020

DRILLHAX – What are the primary functions of a drilling fluid?

IMDEX in-house Mud expert Scott Sholer provides insights to some FAQs in the drilling industry. What are the primary functions of a drilling fluid?

January 16, 2020

ioGAS™ 7.2 – New Features

ioGAS™ 7.2 enhances our existing suite of quality advanced analytics with two new machine learning tools: CART and t-SNE. This release also contains increased simple regression functionality, the ability to display user-created mineral and rock nodes plus direct access to the new IMDEX Customer Service portal.