RungePincockMinarco (ASX:RUL) has formed a strategic business partnership agreement with Russia-based enterprise solutions provider EnterChain Limited.
EnterChain is a division of OMEGALLIANCE, a group of companies that specialises in providing enterprise production and operations management solutions to large mining and other asset intensive businesses across Russia and Kazakhstan.
Under the non-exclusive business partnership agreement, EnterChain are appointed as a software reseller and services provider for RPM’s leading mining software solutions and services in Russia and Kazakhstan.
This new strategic partnership is aligned with its growth strategy in resource intensive countries of partnering with enterprises that are regularly ranked as top producers globally.
RungePincockMinarco recently appointed ARDEF Mine Machinery Energy & Trading Incorporation (ARDEF) as its strategic business partner in Turkey.
In FY2015, the company reported revenue of $62 million, up 3% from the previous year. EBITDA was $2.6 million compared to a loss of $1 million.
On the 31st July 2015, the company had $26.2 million cash in the bank and no debt.
News: RungePincockMinarco forms partnership with Russia’s EnterChain
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