MARKETS

Chinese partner helps launch RUS Mining

RESCO Underground Services has undergone a management team buyout aided by a Chinese manufacturin...

Blair Price
Chinese partner helps launch RUS Mining

“RUS Mining is the result of a management team buyout and a new partner coming onboard to take over the former business of ResCo Underground Services,” the company said.

The new equity partner is Hebei Jikai Industrial Group, which brings in a new range of equipment and mining consumables to the restructured RUS Mining business.

“RUS Mining’s new structure allows it to provide a significantly expanded scope of services and products in the areas of contract mining, mining equipment, equipment rebuilds, strata injection, mine maintenance, outbye services, seal construction and consumable products,” the Rathmines-based underground services specialist said.

RUS Mining has also opened a new workshop and service facility at Mackay to conduct equipment maintenance and rebuilds, plus warehouse consumables.

RUS Mining spokesman Brian McCowan said the new company would concentrate in three distinct business areas of underground mining services, mining equipment and mining consumables.

“Our equipment and consumables range is now significantly boosted with the new partnership arrangement with Hebei Jikai,” McCowan said.

“The new equipment product range includes mobile drill rigs, membrane pumps, hydraulic props and roof bolters with roadheaders and a number of key diesel equipment developments on the horizon.”

RUS Mining’s contracts include the development of BHP Billiton Mitsubishi Alliance’s Crinum North mine in Queensland.

The company also has contracts covering inter-seam drifts at Yancoal Australia’s Ashton mine and stone drifts at NRE Gujarat Coking Coal’s Wongawilli South project, both in New South Wales.

RUS Mining still holds its outbye services contracts at Wongawilli, BMA’s Crinum East and Xstrata’s Ulan longwall mine.

The restructured company employs about 250 people in NSW and Queensland.

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