Mine Site Technologies one of the leading providers of mining communication networks and applications, has raised growth capital from Macquarie Capital to further its significant expansion in the global mining and resources markets. As a result of the investment, Macquarie will become a material shareholder in MST.

MST said it would pursue an expansion strategy that incorporates both organic investment into its current core markets and potential acquisitions to build market presence, technology innovation and resource capabilities over the coming 12 to 24 months.

MST is a market leader in digital wireless network services and applications for the global resources sector. MST’s intrinsically safe VOIP MinePhone which runs on the MST digital IMPACT network product range, enables two-way wireless VOIP communications, wireless miner tracking and has allowed mines to streamline and centralise numerous systems onto a single digital platform, revolutionizing underground communications. The MST digital solution provides an enhanced level of safety for miners and strong productivity improvements. The devices are approved by regulators for use in underground coal mines in the USA, Australia, South Africa and China and underground hard rock and surface applications globally.

The investment will enable MST to further reinforce its customer service offering in its current core markets of Australia, the United States and Canada and enable further expansion into rapidly growing resources markets including Africa, South America and China. MST stated that it has experienced strong growth in recent years and the investment from Macquarie will help to support the next phase of its continued international and product expansion.