MARKETS

Industrea reaches $20m milestone

AUSTRALIAN coal equipment supplier Industrea has had a monumental month reaching $A20 million wor...

Vivienne Ryan

As Industrea’s most recent success, the Jincheng contract was worth more than $A5 million.

The Jincheng Group, which has been an Industrea client since 2003, recently purchased two directional drilling and coal degasification systems, bringing a total of nine directional drilling systems purchased from the supplier.

Industrea’s most recent Chinese cash flow injection comes after a month of large contract wins.

Earlier this month the company added Zhengzhou Coal to its client list with a $A5.72 million contract for directional drilling equipment following last month’s $A10 million agreement to supply China’s Longmei Mining Group.

Industrea managing director Robin Levison said the company was establishing itself as a trusted name in the Chinese mining industry.

“We believe we will see a continued growth and profitability as the Chinese market recognises Industrea’s commitment to quality, in both our products and the service we provide to our clients,” Levison said.

Located in China’s Shanxi province, Jincheng produces anthracite coal from seams with high volumes of in-seam gas.

Industrea’s directional drilling equipment will help the degasification of Jingcheng’s coal mines through the placement of in-seam horizontal boreholes.

The equipment will also remove the methane for the Jingcheng Group’s methane-powered electricity plant at its Sihe coal mine, in Jingcheng City.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production