Posts Tagged ‘IDL’

    • 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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    Industrea wins US$6.2m China contract

    Friday, February 20th, 2009

    Global mining products and services provider Industrea Limited (IDL) announced the award of a US$6.2 million contract by Chinese coal miner Inner Mongolia Yitai Coal, Ltd demonstrating the continued demand growth from China for Industrea’s market-leading mining safety and productivity equipment. 

    Industrea Managing Director and CEO, Robin Levison, said the company would provide four 55 tonne long wall roof support Chock Carriers to the company based in the northern Chinese region of Inner Mongolia, for delivery in the 2009/10 financial year. “Inner Mongolia Yitai Coal is targeting a major boost in production capacity over the next six years, from 38 million tonnes in 2007 to 50 million tonnes in 2010 and over 100 million tonnes by 2015,” Mr Levison said. China as a whole is targeting growth in coal production of 30 per cent by 2015 to meet energy needs.  

    Mr Levison said the latest contract win continued the strong recent surge of business activity for Industrea, with over A$75 million of new contracts awarded since July 2008, predominantly for the Chinese coal industry. 

    http://www.industrea.com.au/

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    Picks And Shovels Still In Demand for IDL

    Friday, February 20th, 2009

    Industrea (IDL) is the modern day equivalent of the picks and shovel suppliers from the early days of mining and business is booming.  

    Industrea is expecting to report an adjusted net profit after tax for the half of $24.65 million, up 106% on the prior comparative period. The increase in adjusted net profit after tax reflects improved financial results across Industrea’s businesses and the inclusion of trading results from the Huddy’s Mining Services business for the full period.  

    Reported net profit after tax for the period, of $3.7 million, is inclusive of a non-cash impairment charge on customer contract intangible assets, of $17.18 million. The impairment has arisen from the termination of the Handlebar Hill Open Cut contract.  

    The first half result is in line with directors expectations and the company reaffirms its full year guidance for FY2009 of adjusted net profit after tax in a range of $42 – $47 million.

    http://www.industrea.com.au/

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