# National Reconstruction Fund Corporation invests $40M in Russell Mineral Equipment

The National Reconstruction Fund Corporation made a $40 million equity investment in Russell Mineral Equipment (RME), a mining equipment manufacturer, to support growth of domestic manufacturing capabilities at its facility in Toowoomba, Queensland.

- Type: Investment
- Announced: 2024-11-20
- Where: Toowoomba, Queensland, Australia
- Value: $26.0M (40.0M AUD)
- Status: announced
- Products: mill relining machinery
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Russell Mineral Equipment](https://endata.com/companies/81158.md)
- [National Reconstruction Fund](https://endata.com/companies/15583.md) (investor)

## Sources

- [industry.gov.au](https://www.industry.gov.au/news/national-reconstruction-fund-corporation-invests-40-million-manufacturing), 2024-11-20: "The NRFC’s $40 million equity investment will support RME to grow its domestic manufacturing capabilities and optimise operations at its facility in Toowoomba, Queensland."

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