Novo Tellus Partners with RCF and NRFC to Complete Buyout of Russell Mineral Equipment

**media[1145928]**SINGAPORE, July 22, 2026 /PRNewswire/ -- Novo Tellus, a specialised investment firm focused exclusively on industrial and technology companies, is pleased to announce the closing of a significant investment in Russell Mineral Equipment (RME), the global leader in mill relining systems and aftermarket services for the mining and mineral processing industries. The investment is Novo Tellus Novo Tellus joins Resource Capital Funds (RCF) and Australia's National Reconstruction Fund Corporation (NRFC) in supporting RME's next phase of growth. The closing marks the final milestone in RME's transitional sale agreement, completing the ownership succession plan set in motion by RME's founder, Dr John Russell.