RCF Jolimont Innovation
Investing in Mining Innovation
About Us
RCF Jolimont Innovation invests in high growth mining equipment, technology and services (METS) companies. The METS sector presents investment opportunities, magnified during periods of volatile commodity prices and/or high operating costs. Mining companies rely increasingly on METS companies to provide incremental as well as step-change solutions to improve productivity and lower costs.
We have an experienced senior executive team with extensive commercial experience in mining, technology, private equity, and finance. The team has a track record of success in commercializing new technologies having made 41 investments in technology companies since 2003.
Investing in Mining Innovation
We are at the forefront of emerging technologies and ideas in the mining sector. We are continually scanning and evaluating mining technology products and services from around the world and have extensive relationships with leading research institutions and universities globally.
We have met with and reviewed over 1030 companies in locations indicated on the heat map below. These are assessed on how well and how quickly they can deliver productivity improvements and bring significant solutions for mining companies. The end result is to make life safer and easier for front-line operational managers and teams while adding value to the operation.
The RCF Jolimont Innovation team brings its industry knowledge, operational experience, and extensive networks to create value in portfolio companies. We provide much more than capital.
Team
Lyle Bruce
RCF Jolimont Innovation
Brisbane
Partner, Head of Jolimont Innovation
Lyle joined RCF Jolimont in 2013. Lyle has 40 years in the mining and processing industry, mostly related to technology commercialization and implementation. He is currently Chair of METS Ignited, the Growth Centre for the METS Sector in Australia. Prior to joining RCF Jolimont, he was CEO of GroundProbe, taking the Company from university research to commercial success as the world leader in mine slope stability monitoring. Lyle has previously held roles with Mount Isa Mines and Rio Tinto. He was EY’s Australian Entrepreneur of the Year in 2006.
Charles Gillies
RCF Jolimont Innovation
Melbourne
Director
Charles joined RCF Jolimont in 2013. Prior to RCF Jolimont, he co-founded Jolimont Capital with Lex, where they both worked together from 2003 through 2012 to complete 30 technology investments. Charles has 21 years of private equity experience working with management teams on financings, restructurings, and marketing. Prior roles include membership of investment committees, consulting, marketing, and corporate advisory.
Lex McArthur
RCF Jolimont Innovation
Melbourne
Director
Lex joined RCF Jolimont in 2013. Prior to RCF Jolimont, he co-founded Jolimont Capital with Charles, where they both worked together from 2003 to 2012 to complete 30 technology investments. Prior roles include founder and CEO of ADI, a technology seed investor, and CEO of Emerge CMC, a joint venture between Oracle, NEC, Telstra, and four major universities. His mining industry experience includes time as a Mining Engineer at Mt Isa in Queensland.
Andrew Jessett
RCF Jolimont Innovation
Brisbane
Vice President
Andrew joined RCF Jolimont in 2020. Andrew is an experienced leader and entrepreneur, with over 20 years’ experience in the mining industry. Prior to joining RCF Jolimont, Andrew was founder, chief executive officer, and director of leading mining technology firm MineWare Pty Ltd. In 2017, Andrew successfully oversaw the acquisition of the MineWare business by Komatsu Ltd.
Jack Mahon
RCF Jolimont Innovation
Melbourne
Analyst
Jack joined RCF Jolimont in 2022. He holds a Bachelor of Commerce (Economics & Finance) from the University of Western Australia and a Masters of International Business from the University of Melbourne.
Contact the Jolimont Innovation team
Press Releases
| Date | Company | Headline |
|---|---|---|
| 19 Sept, 2022 | The Clean Energy Finance Corporation (CEFC) | CEFC Invests in RCF Jolimont II to Support Mining Innovation to Help Miners Decarbonise. Press Release |
| 10 Jan, 2022 | Minnovare | As announced, Hexagon AB, a global leader in digital reality solutions, combining sensor, software and autonomous technologies, acquired Minnovare. Press Release |
| 5 May, 2021 | SmartCap | Wenco International Mining Systems acquires SmartCap, a RCF Jolimont Mining Innovation Fund I portfolio company. Press Release |
| 20 April, 2021 | Phibion | Phibion Poised for Expansion following Investment by RCF Jolimont. Press Release |
| 10 March, 2021 | Real Time Instruments | Real Time Instruments’ new investor RCF Jolimont II to propel global growth in the mining industry. Press Release |
| 22 December, 2020 | Rail-Veyor® | Rail-Veyor® Moves to the Fast Track with New Investor RCF Jolimont Mining Innovation Fund II L.P. Press Release |
