Novo Tellus Partners with RCF and NRFC to Complete Buyout of Russell Mineral Equipment
Investment firm Novo Tellus has completed a buyout of Russell Mineral Equipment (RME), a leader in mill relining systems for the mining industry. The deal, supported by RCF and NRFC, marks Novo Tellus's first investment in an Australian company.
Why it matters
The acquisition underscores the strategic importance of mining technology in supporting the global demand for metals required for electrification and AI infrastructure.
SINGAPORE , July 22, 2026 /PRNewswire/ -- Novo Tellus, a specialised investment firm focused exclusively on industrial and technology companies, is pleased to announce the closing of a significant investment in Russell Mineral Equipment (RME), the global leader in mill relining systems and aftermarket services for the mining and mineral processing industries. The investment is Novo Tellus' first in an Australian company.
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