Posts Tagged ‘IDL’

  • Industrea Share Purchase Plan

    Tuesday, September 1st, 2009

    Industrea (IDL) announced on the 31/8/2009 that they would be conducting another Share Purchase Plan to raise additional capital. The record date is the 1/9/2009 on which shareholders must own the share to participate in the SPP. The closing date is 9/10/2009. Shares will be issued on 15/10/2009 and begin trading on 23/10/2009. A maximum of $15,000 can be purchased by each shareholder at $0.42 or a 5% discount to the volume weighted average price (VWAP).

    Discount : 11.6% Liquidity : Good Profitability : Good Stability : Ok

    www.industrea.com.au

    * Note: Discount is based on the closing price on the 31 August 2009.

    For More Share Purchase Plans go to http://blog.mdsfinancial.com.au/category/share-purchase-plans/

    To Buy Shares And Participate in Share Purchase Plans use Trader Dealer http://www.traderdealer.com.au/

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    Industrea Secures New Chinese Contract

    Friday, August 28th, 2009

    Global mining products and services provider Industrea Limited (IDL) has extended its market leadership in mining productivity and safety equipment in China, today announcing a $3.1 million contract for delivery of an AMT directional drilling and methane gas drainage system to Yang Cheng County’s Zhulinshan Coal Mine. Shanxi Province is China’s largest producer of coal, and is forecast to increase output by as much as 60 per cent to 650 million tonnes in 2009 following a recent safety push by the authorities involving the consolidation of smaller mines.

    Industrea Managing Director and CEO, Robin Levison, said the new contract demonstrated the Chinese market’s widespread acceptance of the company’s leading mining productivity and safety equipment, including gas drainage, collision avoidance systems and longwall roof support carriers. “Industrea has delivered outstanding results from its methane gas drainage systems in China for leading mining groups including Jincheng Group, China Shenhua and Shanxi. Our gas drainage equipment, once adopted by the major mining bureaus, can now penetrate a wider cross section of the Chinese mining community,” Mr Levison said. “China continues to expand coal production in line with its growing energy needs, and Industrea is extremely well positioned to benefit from the subsequent growth in demand for mining productivity and safety equipment due to our solid relationships, local presence and our provision of product support, training and maintenance to the Chinese industry.”

    www.industrea.com.au

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    Industrea Secures $13 million Contract In China

    Thursday, August 20th, 2009

    Extending its Chinese growth, global mining products and services provider Industrea Limited (IDL) today announced the signing of $13.6 million in new contracts with leading Chinese mining companies, Jincheng Blue Flame Coal Industry Co and Shanxi Changping Coal Mining Co. The new contracts secured by Industrea’s Chinese subsidiary Wadam are for five AMT directional drilling and methane gas drainage systems, with a total value of $11.7 million, together with associated spare equipment of $1.9 million.

    Industrea Managing Director and CEO, Robin Levison, said the additional orders were secured due to excellent results from the AMT systems installed at the Sihe and other mines, and further boosted the company’s established and longstanding relationships with the Jincheng and Shanxi Mining Groups. Jincheng Group has achieved unparalleled levels of gas flow available for energy usage from its current installations of AMT methane gas drainage technology, with the potentially explosive gas extracted from the Sihe Coal Mine being used to power a gas-fired electricity plant in Jincheng city,” Mr Levison said. “In addition to the safety benefits of the system, the technology is providing a safe, reliable and productive energy source to power electrical generation equipment, while delivering substantial reductions in greenhouse gas emissions. AMT’s directional drilling and methane gas drainage system has become the industry standard in China, allowing the typically gassy Chinese coal mines to improve productivity and safety standards significantly,” Mr Levison said.

    www.industrea.com.au

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    Industrea Awarded Coal Contract by Cockatoo Coal

    Friday, July 31st, 2009

    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.”

    www.industrea.com.au

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    Industrea Wins Two New Contracts in China

    Thursday, July 9th, 2009

    Boosting a six-year-long relationship, Industrea Limited (IDL) announced today the award of two new contracts from China’s Jincheng Anthracite Mining Group for a total value of $5 million. The first Jincheng Group contract is a $2.4 million order for an AMT directional drilling and methane gas drainage system, associated training and equipment, for use at the group’s Sihe Coal Mine in Shanxi Province, northern China. The second is for two Industrea Mining Equipment (IME) 50 tonne longwall roof support carriers for supply to the Zhaozhuang Coal Mine, also in Shanxi Province. The contract value of the support carriers plus spares and tools is $2.6 million. Based in Shanxi Province, Jincheng Group produces high quality anthracite coal, which has high volumes of in-seam gas associated with the mining process. Industrea’s equipment will ensure the safe removal of methane gas, helping to maintain Jincheng Group’s high safety standards.

    Industrea Managing Director and CEO, Robin Levison, said the new contracts enhanced an already successful relationship that commenced in 2003. “Jincheng Group is one of China’s leading mining groups, and like other major miners in the country it places a high value on Industrea’s quality focus and commitment to the market,” Mr Levison said.

    “China’s economy is showing stronger growth, while efforts by the authorities to improve safety at underground coal mines have also boosted sales of Industrea’s leading-edge directional drilling and methane gas drainage systems.” In April, the Chinese authorities announced a gas safety campaign for coal operations producing more than 300,000 tonnes annually, with any smaller mines that fail to meet the new safety standards to be closed. The new contracts for Jincheng Group were another vote of confidence in the ability of Australian manufacturing to compete on a global level, Mr Levison added. “The state-of-the-art directional drilling system and roof support carriers will be built at AMT’s and IME’s separate manufacturing facilities located in New South Wales’ Central Coast and Hunter Valley. With this AMT system, along with an earlier order in June 2008, Jincheng Group will now be operating eleven of AMT’s directional drilling and methane gas drainage systems throughout China,” Mr Levison said.

    Jincheng Group produces around 40 million tonnes of coal a year, with the group’s Sihe Coal Mine accounting for 10 million tonnes and 8 million tonnes produced by the Zhaozhuang Mine. “The size of Jincheng Group’s overall operations present significant opportunities for further sales for the 2009/10 financial year and beyond, based on the strength of the relationship between the two companies,” Mr Levison said.

    www.industrea.com.au

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    Industrea Secures Another Contract In China

    Friday, June 12th, 2009

    Building on its strong Chinese presence, global mining products and services provider Industrea Limited (IDL) announced today the signing of a $2.5 million contract to supply an AMT directional dril ing and methane gas drainage system, associated training and equipment to Jincheng’s Sihe Coal Mine in Shanxi Province. Sihe Coal Mine is an existing AMT and Wadam customer already running four gas drainage systems. The state-of-the-art directional dril ing system wil be built in the Hunter Valley, New South Wales, for supply to Shanxi Jincheng Anthracite Mining Group.

    “Industrea continues to win new business in China against tough international competition due to our market leadership in mining safety and productivity equipment. Our world class directional dril ing technology allows our customer to safely remove gas at high volumes from a coal seam,” Mr Levison said. “We are now moving into the next phase of our Chinese growth strategy with the development of recurring revenue streams from not only new equipment sales, but also from training, maintenance, spare parts and support services, which are an increasingly important aspect of winning and maintaining customer loyalty. “To facilitate this revenue growth, Industrea has established a new product support centre in China capable of supplying a range of equipment spares across our key product ranges, alongside offering the required technical expertise in meeting the servicing and maintenance needs of our customers in the region.” Mr Levison said Industrea had recently achieved registration of subsidiary Industrea Wadam (Beijing) Technical Services Co. Ltd as a Wholly Foreign Owned Enterprise in China, with new office premises leased in Beijing.

    China is forecast to nearly triple coal-fired generating capacity by 2030 from the 2006 level, with substantial investment anticipated in both coal mining and coal transportation infrastructure, according to the US Department of Labour’s Energy Information Administration.

    Industrea Limited is a diversified mining products and services group based in Australia. Industrea provides integrated mining products and services, including open cut earthmoving and equipment hire, asset management, contracting and engineering services. Industrea’s range of mining products includes open cut Collision Avoidance Systems, Underground Directional Dril ing, Aboveground Directional Dril ing, Contractor Management, Mobile Asset Tracking and Driver Safety Performance Index, along with a range of flame-proof and explosion-proof underground diesel vehicles for the transportation of people and longwall mining equipment. Customers include BHP Billiton, Anglo Coal, Rio Tinto, Xstrata, Boeing and the major Chinese mining groups, including Jincheng, Shanxi and Shenhua. The company also acts as distributor for global mining suppliers Sandvik Voist Alpine (Scandinavia) and Tagor (Poland).

    www.industrea.com.au

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    Industrea to Provide Crash Prevention System to BHP

    Monday, June 1st, 2009

    Global mining products and services provider Industrea Limited (IDL) today announced a $5.4m contract to supply its CAS-CAM/RF® colision avoidance system to BHP Billiton Mitsubishi Alliance (BMA). The supply and service agreement, negotiated by Industrea’s wholly owned subsidiary, Advanced Mining Technologies (AMT), lifts new contracts secured by the company in the 2009 FY to over $107m. Due for delivery and payment before the end of the 2009 financial year, the system will be installed as part of an ongoing program through financial year 2010.

    Industrea Managing Director and CEO, Robin Levison, said “AMT’s Collision Avoidance System (CAS-CAM/RF®) utilises a combination of blind spot cameras (CAS-CAM) and Radio Frequency (RF) Proximity Detection technologiesto effectively reduce the risk of collision between Earth Moving Equipment and Light Vehicles. AMT’s CAS-CAM/RF® technology is now recognised as ‘best of breed’ with major sales to BHP Biliton, Anglo American and Vale, in Australia, South Africa, Chile and Indonesia and Shenhua Energy Group in China.” “Our CAS-CAM/RF® solution is a key element of Industrea’s market-leading stable of products and services to improve mine safety and productivity. Industrea’s innovativetechnologies are proving to be an effective tool to achieve ongoing improvement in safety performance by reducing the hazard for colisions between heavy vehicles to heavy vehicles, heavy vehicles to light vehicles and heavy and light vehicles operating in the mine pit to fixed objects.”

    Industrea Limited is a diversified mining products and services group based in Australia. Industrea provides integrated mining products and services, including open cut earthmoving and equipment hire, asset management, contracting and engineering services. Industrea’s range of mining products includes open cut Collision Avoidance Systems, Underground Directional Dril ing, Aboveground Directional Dril ing, Contractor Management, Mobile Asset Tracking and Driver Safety Performance Index, along with a range of flame-proof and explosion-proof underground diesel vehicles for the transportation of people and longwall mining equipment.Customers include BHP Billiton, Anglo Coal, Rio Tinto, Xstrata, Boeing and the major Chinese mining groups, including Jincheng, Shanxi and Shenhua.

    www.industrea.com.au

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    Industrea Secures Another New Contract

    Tuesday, April 28th, 2009

    Global mining products and services provider Industrea Limited (IDL) today announced a $2 million contract to supply underground directional drilling and gas drainage equipment to Shanxi Asian American Daning Energy Co. demonstrating Industrea’s market leadership in China and its continuing strong deal flow. The Australian-built equipment will be supplied by Beijing based Industrea subsidiary Wadam Industries to SAADEC’s Daning Coal Mine in Jincheng, located in north China’s Shanxi Province. The Daning mine is unique as the first foreign-invested coal mining joint venture in the

    history of the People’s Republic of China.  Asian American Coal (AACI) holds a 56% equity stake in the joint venture and operates the mine using the latest in international equipment and technology to maximize safety, production and efficiency. 

    Industrea Managing Director and CEO, Robin Levison, said the contract win was the fourth sale over the past six years to SAADEC demonstrating the company’s strong reputation and market leadership in the expanding Chinese underground coal industry.

    Mr. Levison said the mine had also demonstrated the effectiveness of Industrea’s methane gas drainage equipment, with the AMT DGS system now having become the industry standard in China. “The Chinese Government’s new tax on coal to fund the purchase of safety equipment shows their determination to improve standards.  Industrea is very proud to be able to make a key contribution, given the rapid growth of the Chinese underground coal industry and the safety threat posed by methane gas.” 

    www.industrea.com.au

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    Industrea Secures $20 million Deal in China

    Tuesday, April 7th, 2009

    Industrea Ltd (IDL) signs contract with China Shenhua Energy Company Ltd to supply long wall roof support and shearer carriers worth A$20 million. Size and complexity of new equipment establishes new trend in underground mining, reaffirming Industrea’s global market leadership. Groundbreaking deal will open up new opportunities in Russia, India and Australia.   

    Industrea Managing Director, Robin Levison said , “Shandong Mine is developing the world’s largest long walls at its coal reserves in Shandong province, and they have chosen Industrea’s  world-leading equipment due to its superior design, speed and safety performance. Coal provides around 80% of China’s electricity and the long term outlook for the Chinese industry is strong due to the forecast rise in energy demand. With our world leading equipment and successful track record, Industrea is well positioned to benefit from continued growth in the underground coal mining sector. 

    www.industrea.com.au

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    Industrea Wins New Rio Tinto Coal Contract In Hunter Valley

    Tuesday, March 3rd, 2009

    Industrea Limited (IDL) announced today the signing of an agreement by subsidiary Huddy’s Mining Services with Warkworth Mining for the hire, service and support of equipment for its Mt Thorley Warkworth mine in the Hunter Valley, New South Wales. 

    Industrea Managing Director and CEO, Robin Levison, said the company would provide a significant number of pieces of heavy mining equipment, most of which had been redeployed from Huddy’s operations in Mt Isa.  “These contracts are illustrative of the strong level of enquiry we are experiencing from major mining companies for the full suite of Huddy’s integrated mining services. Given the tight capital environment, many of our mining clients are looking to outsource rather than acquire new capital equipment and this is creating growing demand for our business.”    

    Mr Levison said the latest contract win continued the strong recent surge of business activity for Industrea, with over A$80 million of new contracts awarded since July 2008.   “Industrea continues to expand our business, particularly into the Chinese underground coal mining industry, which is showing continued demand for safety and productivity enhancing equipment,” he said.

    “We are on track to meet our fiscal 2009 earnings guidance and are building a strong pipeline for fiscal 2010, with no signs of a slowdown in our key markets.”

     http://www.industrea.com.au/

     http://www.riotinto.com/index_shareholders.asp

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