# Novo Tellus, RCF and NRFC complete buyout of Russell Mineral Equipment

Novo Tellus, together with Resource Capital Funds and Australia's National Reconstruction Fund Corporation, completed the acquisition of Russell Mineral Equipment, a global leader in mill relining systems for mining.

- Type: Acquisition
- Announced: 2026-07-21
- Where: Toowoomba, Queensland, Australia
- Status: completed
- Products: mill relining systems, aftermarket services for mining
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [National Reconstruction Fund](https://endata.com/companies/15583.md) (acquirer)
- [Russell Mineral Equipment](https://endata.com/companies/81158.md) (target)
- [Novo Tellus](https://endata.com/companies/93124.md) (acquirer)
- [Resource Capital Funds](https://endata.com/companies/93125.md) (acquirer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/novo-tellus-partners-with-rcf-and-nrfc-to-complete-buyout-of-russell-mineral-equipment-302830913.html), 2026-07-22: "Novo Tellus 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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.