Global Trade Alert
Global Trade Alert

Australia: National Reconstruction Fund Corporation (NRFC) invests AUD 40 million in Russell Mineral Equipment (RME)

Announcement

19 Nov 2024

In November 2024, the National Reconstruction Fund Corporation (NRFC) allocated AUD 40 million to Russel Mineral Equipment through an equity investment.

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Number of interventions

2

1 certainly harmful

1 likely harmful

0 liberalising

List of interventions

Implementation date

19 Nov 2024

Revocation date:

No revocation date

Updated: 19 Nov 2024
Local value added incentive In force

On 19 November 2024, the National Reconstruction Fund Corporation (NRFC) announced that it had approved financial support towards Russel Mineral Equipment (RME) for enhancing the firm's domestic ca...

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Implementation date

19 Nov 2024

Revocation date:

No revocation date

Updated: 19 Nov 2024
Capital injection and equity stakes (including bailouts) In force

On 19 November 2024, the National Reconstruction Fund Corporation (NRFC) announced an equity investment of AUD 40 million (approx. USD 26.1 million) towards Russell Mineral Equipment (RME). Accordi...

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