in mining innovation

About us

Jolimont Global invests in high growth mining equipment, technology and services (METS) companies. The METS sector presents outstanding investment opportunities, magnified in an environment of volatile commodity prices and historically 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.

Jolimont Global has a highly experienced senior executive team with extensive commercial experience in mining, technology, private equity and finance. Founded by Jolimont Capital (Lex McArthur and Charles Gillies) with a track record of success in commercialising new technologies including 29 investments since 2003. Jolimont Global is a joint venture between Jolimont Capital and Resource Capital Funds (RCF), one of the pioneers in large resource-focused private equity funding. RCF has supported >100 mining and mining-services companies involving projects located in 39 countries, relating to >25 commodities.

Investing in Innovation

Jolimont Global is at the forefront of emerging technologies and ideas in the mining sector. We are continually scanning and evaluating best-in-breed 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 800 companies in our travels to the locations indicated on the adjacent heat map.

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.

Jolimont Global brings more than just capital. The team brings its industry knowledge, operational experience, and extensive networks.




Lex McArthur

Chief Executive Officer

Lex is co-founder and CEO of Jolimont Global. In 2000, Lex founded and was CEO of ADI, a technology seed investor. Previously, he was CEO of Emerge CMC Ltd, a joint venture between IT vendors Oracle, NEC, Telstra and four major universities to commercialise online business applications.

His mining industry experience includes time as a Mining Engineer at Mt Isa in Queensland and as CEO of a mining software company providing reporting to mining companies. Lex has a B.Eng (Hons) from the University of Melbourne, a Post Graduate Diploma in Mineral Economics, a Post Graduate Diploma in Applied Finance, is a GAICD and FINSIA Associate.


Charles Gillies

Chief Investment Officer LinkedIn

Charles has 13 years Private Equity experience at Partner level working actively with management teams on financings, restructurings and marketing. Charles has been or is a Director of HumanWare, Plantic, Redfern Polymer Optics, RIO and Fitness2Live. He is also a director of Monash Health.

Charles has a Masters of Business Administration from the Melbourne Business School (he was the HJ Heinz Scholar in 1991), is a Senior Fellow of the Financial Services Institute of Australasia, a GAICD and has a Bachelor of Science/Arts from the University of Melbourne.


Ian Burvill

Non Executive Director

Ian has over 30 years of mining industry experience. He started his career as a mechanical engineer, then worked as a merchant banker before becoming a senior executive in private equity. He is a former Partner of Resource Capital Funds and a past Associate Director of Rothschild Australia Limited.

Ian has sat on the boards of nine mining companies, two mining services groups, and a leading mining private equity firm. He has a Bachelor of Engineering and a Master of Business Administration, both from The University of Western Australia. He is an MIEAust (CPEng), an MAusIMM and a GAICD.



Larry Lopez

Non Executive Director

Larry has over 25 years experience in enabling knowledge based businesses, technology finance, strategic planning, regional development and executive management. Larry spent 17 years at SVB Financial Group, a publicly traded US financial services company specializing in technology finance. During his tenure at SVB, he was involved in many of the strategic initiatives that helped the bank evolve into a global powerhouse in technology finance. He was the co-founder of the Bank’s international venture capital practice and responsible for the Bank’s activities in Europe, Israel and Australia.

Larry has a BSc in Business Administration from Menlo College, and is a Graduate of Pacific Coast Banking School at the University Washington in Seattle.



John MacKinnon

Investment Director

John has over 20 years experience in equity research and corporate finance focused primarily on the global mining industry and global commodities. His most recent role in banking and corporate finance included Managing Director, Head of Metals and Mining for Deutsche Bank where he was advisor on a number of Australia’s largest mining cross border deals.

Prior to that John was Head of Deutsche Bank’s European Company Research as well as Global Mining Company Research head, based in London. John graduated from Macquarie University and the University of Ballarat and holds a B.Eng (Mining) and Post Graduate Diploma in Geoscience (Mineral Economics) with industry experience as a Mining Engineer in copper, lead/zinc and nickel mining operations in Queensland, Western Australia and Tasmania.


Lyle Bruce

Implementation Director

Lyle Bruce has a track record of achievement in managing and growing mining technology businesses. He was Managing Director of GroundProbe from 2003 to 2013, taking it from zero revenue to a trade sale of more than $100m in 2010.

GroundProbe received the Australian Export Award in 2005 and Lyle was Ernst & Young’s Australian Entrepreneur of the Year in 2006.

He is currently Chairman of MineWare Pty Ltd, a dragline monitoring software company and Director of Edansafe Pty Ltd, a heavy equipment driver fatigue systems company. Lyle was previously a Director of the Australian-Latin American Business Council, Member of the Future Manufacturing Industry Innovation Council, General Manager – Metallurgical Development MIM and General Manager – MIM Process Technologies.


Carol Sullivan

Chief Financial Officer

Carol has been the Chief Financial Officer of Jolimont Capital since 2007. Qualified as a Chartered Accountant in London since 1988, Carol came to Melbourne on secondment in 1989, becoming an Australian citizen in 1995. After working in Audit, Accounting and Tax Accounting she moved to a Practice Manager position and, before joining Jolimont Capital, was a Practice Manager for both Accounting and Legal Firms.

Carol has a Bachelor of Science (Hons) degree from the University of Leicester, a Graduate Diploma in Applied Finance and is a Member of the Institute of Chartered Accountants in Australia.

“Jolimont Global is both an investor and a strategic partner”

– Alex Cervinka – CEO, Newtrax


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Major investment to aid SmartCap’s Global Expansion

Major investment to aid SmartCap’s Global Expansion

Brisbane – May 18, 2017 – Australian based mining technology firm SmartCap, has secured significant investment from Jolimont Global Mining Systems (Jolimont Global), which will support the company’s further market expansion in Australia and internationally.

SmartCap’s ground-breaking product, Life, is the world’s most effective fatigue monitoring solution that provides real-time feedback, helping drivers manage their own alertness, anywhere, anytime.

Full press release: JGMS investment in Smart Cap. 18 May

Financial Review article:

Newtrax partners with world-leading AI research center to discover new insights in underground hard rock mines

Newtrax partners with world-leading AI research center to discover new insights in underground hard rock mines

Montreal, QC – February 28, 2017 — Newtrax Technologies Inc. (‘Newtrax’) – the leading provider of safety and operations management systems for underground hard rock mines announced it has partnered with the Montreal-based Institute for Data Valorisation (IVADO). Together, they will create new value for existing customers with the big data generated from Newtrax systems installed around the world.

Full press release here – Newtrax-PressreleaseofNewtraxIVADOPartnership_EN_Final

Major investment to aid Minnovare’s Global Expansion

Major investment to aid Minnovare’s Global Expansion

Australian based mining technology firm Minnovare, has secured significant investment from two highly regarded private equity firms which will help propel the company into the international market.
Minnovare’s ground-breaking product, the Azimuth Aligner, is delivering unprecedented efficiency to the underground drilling process, by substantially reducing rig set-up time. Media Release – Investment to aid Minnovare’s Expansion

Blast Movement Technologies majority stake acquired by Jolimont Global Mining Systems and Resource Capital Funds

Blast Movement Technologies majority stake acquired by Jolimont Global Mining Systems and Resource Capital Funds

Mining technology firm Blast Movement Technologies today announced that it had sold a majority stake to Jolimont Global Mining Systems (Jolimont Global), a private equity group that invests in high growth mining equipment, technology and services companies, and its joint venture partner Resource Capital Funds, one of the largest global private equity firms focused on mining. Read the BMT acquisition press release.


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