Global mining products and services provider Industrea Limited (IDL) today announced a further $22.2m of new contracts in China across its Advanced Mining Technologies (AMT) and Industrea Mining Equipment (IME) divisions and the acquisition of a manufacturing business in China.
Industrea’s China-based subsidiary, Wadam Industries, has signed a contract with Shanxi Coking Coal Group International for the supply of 4 methane gas drainage and directional drilling systems incorporating Industrea subsidiary, Advanced Mining Technologies’ market leading drill guidance tool worth $10.3m over 2 separate shipments, The units will be supplied to Xishan Coal Electricity mine in Taiyuan, Shanxi Province.
Wadam Industries has also entered into contracts for 1 methane gas drainage and directional drilling system being supplied to Shanxi Yangcheng Fu Yan for $3.1m and for 2 Industrea Mining Equipment (IME) 40 tonne roof support carriers to Shandong Guangyu Energy Co for $2.7m.
Longstanding Wadam customer, Jincheng Anthracite Mining Group has also signed contracts for the purchase of a further 3 methane gas drainage and directional drilling systems for $6.1m.
Industrea Managing Director and CEO, Robin Levison, said these latest contracts across the end of the financial year and for the start of FY11 assisted in maintaining the momentum of approximately $10m per month of sales into China. Industrea has also announced signing contracts for the acquisition of a strata support manufacturing business in China. Currently supplying products for underground strata control systems, Industrea plans to expand the newly acquired facility to manufacture a PJ Berriman & Co flameproof and explosion proof personnel and materials vehicle exclusively for the underground coal mining market in China. “Following supply under this latest contract, Jincheng Group will be operating approximately 18 methane gas drainage and directional drilling systems all supplied via Wadam Industries,” Mr Levison said.


