INDUSTREA LimitedASX Code IDL1 November 2007INDUSTREA WINS...

INDUSTREA Limited
ASX Code IDL
1 November 2007
INDUSTREA WINS $16.7M ANGLO COAL CONTRACT TO SUPPLY WORLD’S
LARGEST UNDERGROUND MINING EQUIPMENT
Key fact summary
• Industrea secures $16.7m contract with Anglo Coal Australia
• Sale of largest underground longwall transport equipment in the world
• Recently acquired Industrea Mining Equipment business eclipses previous
full year turnover with deal
• Second major contract between Anglo Coal and Industrea
Industrea Limited (ASX:IDL) today announced its recently acquired subsidiary Industrea Mining
Equipment had beaten significant international competition to secure a $16.7 million contract to
supply a range of underground longwall transport equipment to Anglo Coal Australia’s Moranbah
North mine in Queensland’s Bowen Basin.
The contract includes equipment weighing up to 85 tonnes with a carrying capacity of up to 70
tonnes. Industrea is the only company in the world that is currently able to offer underground
longwall transport equipment of this size.
This specialised equipment with its huge carrying capacity is increasingly in demand as
technology improves and producers focus on larger coal seams.
The Anglo Coal contract includes:
• Longwall Mine Dozers
• Longwall Mine Retrievers
• Longwall Chock Carriers
Industrea Mining Equipment is the mining capital equipment business purchased from Boart
Longyear in August this year. The Anglo Coal deal means in the first four months of the current
financial year Industrea Mining Equipment has already eclipsed its total turnover for the financial
year 2006-2007 under its previous owners.
This is also Industrea’s second major contract with Anglo Coal with IDL subsidiary Advanced
Mining Technologies (AMT) already supplying and installing collision avoidance technology for
Anglo Coal’s mobile fleet at its Drayton Coal mine in NSW.
Robin Levison, Managing Director and Chief Executive Officer, said Industrea’s growing status as
a leading global provider of mining products and services had enabled the newly acquired
business to secure the contract.
“As a clear indication of our strong integration methodologies and the company’s willingness to
invest in the organic growth of its subsidiaries, Industrea Mining Equipment is already performing
well beyond its financial metrics at the time of its purchase from Boart Longyear,” Mr Levison said.
“This latest Anglo Coal contract demonstrates that Industrea’s focus on coal and the underground
arena – and its depth of knowledge and understanding of the global mining equipment and supply
market – has produced significant benefits to the recently purchased Industrea Mining Equipment
business.
“The integration of this new business with Industrea’s existing PJ Berriman & Company Pty Ltd
(PJB) business - which builds lighter, people-carrying equipment - has also provided an
expanding range of products and innovative technologies and allowed Industrea to value-add to a
rapidly growing client base.”
Apart from Anglo Coal, Industrea has in the last year signed material contracts with global mining
companies BHP/BMA and the China-based Shenhua Coal Group.
And last month Industrea announced it had secured its maiden contract in the burgeoning Russian
resources market with a deal to supply directional drilling and coal seam degasification equipment
from AMT.
Enquiries:
Robin Levison Scott Emerson
Industrea Crook Publicity
Ph. +61 7 3725 5400 Mb. 0401 99 81 81