The Industrea Mining Equipment (IME) heavy longwall roof support carriers will be used at Shenhua’s Shendong mine, the largest coal mine in China.

The contract was negotiated by Industrea’s Chinese distribution arm, WADAM Industries. Today’s contract brings the total value of contracts secured by Industrea since the beginning of the 2009 financial year to $45 million.

Industrea chief executive Robin Levison said the momentum developed by the company over the past 12 months had continued into the new financial year.

“We are seeing no slowdown in demand from our Chinese clients,” Levison said.

Mr He, vice-director of the Equipment Management Center of Shendong Coal Company, said IME’s reputation had convinced his company to purchase the equipment.

“IME's longwall roof support carriers are highly efficient and safe and convenient for carrying roof supports and they are very good for long distance transportation underground and on the surface,” Mr He said.

Industrea also announced WADAM head Dale McNamara had committed to stay with the company for a further three years.

Levison said McNamara’s commitment would provide stability of leadership as Industrea continued to grow.

Industrea also confirmed its 2009 financial year earnings guidance, saying it had not been impacted by the weakness in global financial markets.

“The sale and distribution of best-of-breed mining equipment products is driven by the longer-term trend of global mining companies enhancing the safety and productivity of their operations,” Industrea said.

“Industrea’s other major business is the provision of integrated contract mining services to existing mining operations. Industrea’s operations are focused on production assets and are not exposed to mining exploration.”

Industrea said it remained on target to meet its existing guidance of revenues of $330-350 million and adjusted net profit after tax of $55-60 million.

Industrea was trading up 11.9% mid-morning at 23.5c, after falling 14.3% yesterday.