Continuing its push into new mining services markets, Industrea Limited (IDL) today announced that Cockatoo Coal (COK) has awarded a $30 million per annum contract for its Baralaba Coal Mine to Industrea subsidiary, Huddy’s Mining Services. The contract includes a fully integrated range of advanced mining services, including provision of a Senior Site Executive, equipment, operators, maintenance, service and support and drilling and blasting services. The contract term is for 18 months with an 18 month extension. Located around 50 kilometres north of Moura, Queensland, the Baralaba Coal Mine produces 300,000 tonnes per annum of pulverised coal injection and thermal coal for export from the Port of Gladstone.
Industrea Managing Director and CEO, Robin Levison, said the contract win demonstrated the success of Huddy’s diversification into new markets outside its strong base in Mount Isa. “Huddy’s has long been recognised as the leading supplier of diverse mining and earthmoving activities in the Mt Isa region. Since our acquisition of Huddy’s last year we have successfully exploited synergies with the Industrea group by expanding into new areas for Huddy’s such as the coal industry, winning new contracts with Rio Tinto Coal in the Hunter Valley and Bowen Basin,” Mr Levison said. “Cockatoo Coal is an expanding producer in the Bowen Basin and we are excited by the prospect of further growth in its operations, having won the new customer against tough competition based on our strong record in mining safety and productivity.” Cockatoo Coal Managing Director, Mark Lochtenberg, said “Cockatoo Coal has ambitious plans to boost production at Baralaba to a target of 60,000 tonnes per month during the next 24 to 36 months, while applying a disciplined cost management focus. We see Huddy’s Mining Services as the perfect partner in our growth plans, as it has an excellent fit with our people and product offering. Huddy’s has all the latest equipment and a strong safety record, with a competitive cost structure for the current economic environment.”