ann: industrea breaks into south east asia mkt

INDUSTREA BREAKS INTO SOUTH EAST ASIA MARKET WITH PT INCO CONTRACT

Key facts summary:

• Industrea wins contract with PT Inco (Vale Inco) in Indonesia
• Contract allows Industrea to break into South East Asia market
• CAS-CAM collision avoidance technology to be installed at PT Inco’s Sorowako site in South Sulawesi, Indonesian
• Follows recent CAS-CAM contract wins in South America and South Africa
• System now being embraced by world’s leading mining companies as market leader

INDUSTREA continues to enjoy global success with its CAS-CAM collision avoidance mining technology after winning a contract with PT Inco (Vale Inco) in Indonesia.

It follows Industrea securing contracts with BHP Billiton and Anglo American in the key mining markets of South American and South Africa. Industrea has also sold
CAS-CAM to BMA and Anglo Coal Australia mines in Australia.

Industrea chief executive officer Robin Levison said the strong demand for CAS-CAM technology worldwide was evidence of the product’s superior performance and the
reduced risk it brought to open cut mining operations.

“Industrea is committed to helping improve mining safety standards around the world and we are proud to have developed and nurtured the CAS-CAM intellectual property
since purchasing the now wholly owned subsidiary Advanced Mining Technologies(AMT) three years ago,” he said.

“At the time of acquiring AMT, CAS-CAM was not the major focus of the company’s operations. However, Industrea recognised its potential and the market trend toward
increased safety and the ensuing productivity increases it would accrue. The world’s large miners now see collision avoidance as a global requirement and Industrea is
well positioned to fill that need.

“With the mining industry enjoying rapid growth worldwide, particularly in Asia, South America and South Africa in recent years, we knew there would be a large and global
market for a collision avoidance system in mines.

“This system has now been embraced by a number of the world’s leading mining companies. CAS-CAM is the leader in its field and we expect continuing strong sales
in the future.”

Mr Levison said the new contract with PT Inco allowed Industrea to tap into the fastgrowing South East Asian mining market for the first time.

“This contract will strengthen Industrea’s presence in South East Asia and give us the reference platform to network with other potential buyers in the region,” he said.

“It will also complement the business already being generated in mainland China for other products and services from the Industrea group of companies.”

The Indonesian contact, worth $1.9 million initially, will see Industrea’s wholly owned subsidiary AMT supplying and installing CAS-CAM collision avoidance technology at
PT Inco’s Sorowako operations in South Sulawesi.
A pilot program of the CAS-CAM technology started at the site in late 2006.

PT INCO (Vale Inco) is a subsidiary of Companhia Vale do Rio Dolce (Vale), the second largest diversified metals and mining company in the world.

It is also the largest publicly traded company in Latin America by market capitalisation (approximately $150 billion).

The CAS-CAM system has been selected to reduce the potential for collision between heavy surface mobile equipment, light vehicles and improving safety of
employees on-site.

The AMT Collision Avoidance Camera System (CAS-CAM) improves operator visibility by eliminating blind spots around heavy surface mobile equipment.

Incidents involving poor visibility for drivers are a major source of reportable safety incidents in surface mining operations every year.

The introduction of CAS-CAM technology can significantly improve the safety of employees and reduces production and operation losses as a direct result of safety
related incidents involving mobile equipment on mining sites.