Industrea scores wins in South Africa, China

EQUIPMENT supplier Industrea has secured new contracts worth more than $US9.5 million, including its inaugural sale into South Africa and further deals in China.
Industrea scores wins in South Africa, China Industrea scores wins in South Africa, China Industrea scores wins in South Africa, China Industrea scores wins in South Africa, China Industrea scores wins in South Africa, China

Courtesy Advanced Mining Technologies.

Angie Tomlinson

This month’s deal brings the company’s new contracts to a total of $A70 million since June 2008.

Industrea’s wholly owned subsidiary, Advanced Mining Technologies, will supply its collision avoidance technology to three mines operated by BHP Billiton Energy Coal South Africa.

The CAS-CAM/RF collision avoidance technology will be supplied to the Klipfontein, Middleburg Mine Services and Klipsruit Fleets sites under a $US6.94 million contract with installation commencing next month.

The contract follows a successful pilot installation of the technology at Klipfontein.

Major miners BHP, Anglo, Vale and Shenhua now employ CAS-CAM/RF.

Industrea has also signed a contract with existing Chinese client Datong Coal Mine Group Company (DCMGC) worth $US2.65 million to provide two 50-tonne longwall roof support carriers manufactured by subsidiary Industrea Mining Equipment.

DCMGC, located in the Shanxi province and the third biggest coal company in China, will use the carriers at its new Tongxin coal mine, a joint venture company between DCMGC and Nation Investment Power Company.

Industrea managing director Rob Levison said this year the company was concentrating on marketing flameproof longwall movement equipment in China.

“For instance, DCMGC, an existing client which also uses Industrea’s directional drilling system for exploration and degasification, has 47 coal mines in Shanxi with total output of production coal over 100 million tons per year,” he said.

“DCMGC’s choice of Industrea equipment for this new mine, which will have an output of 10 million tons per year, demonstrates the confidence it and other Chinese miners have in Industrea.”

Today’s good news followed bad news last week that Industrea had lost its contract with Xstrata at Mt Isa Mines as the mining giant placed the Handlebar Hill mine on care and maintenance.

Industrea adjusted its financial year 2009 revenue and net profit after tax guidance to $290-$310 million and $42-$47 million respectively.

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