Industrea signs new contract with Jincheng Mining Group
Industrea has signed a new contract with major Chinese coal mining company Jincheng Mining Group.
Jincheng Mining Group, which has placed an order for two directional drilling systems worth $5.17 million, has been a client of Industrea since 2003 and has now purchased a total of nine directional drilling systems over that period.
It is new series of substantial contracts with Chinese companies announced recently by Industrea. They include last month’s $10 million contract to provide directional drilling and coal degasification equipment to the Longmei Mining Group and this month’s $5.72 million maiden contract with Zhengzhou Coal Group, also for directional drilling and coal degasification equipment.
The new Jincheng Mining Group contract brings to a total of more than $20 million the value of new contacts in China announced by Industrea in the last month.
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 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,” Robin Levison said.
“Industrea is a recognised global brand and we are already a leading provider of mining safety and productivity equipment in countries such as Russia, Australia, South Africa, South America, Papua New Guinea and South East Asia.”
The Jincheng Mining Group, located in the Shanxi Province of China, produces high quality anthracite coal which has high volumes of inseam gas associated with the mining process.
Industrea’s directional drilling equipment will aid in the degasification of Jingcheng Group’s coal mines through the accurate placement of in-seam horizontal bore holes.
The equipment will also assist in the safe removal of methane for Jingcheng Group’s methane-powered electricity plant at its Sihe coalmine in Jingcheng city.
Robin Levison said Jincheng Mining Group was very impressed with the accuracy of the drilling systems and would use them to help maintain its high safety standards.
Industrea’s drilling equipment is sold and distributed by Industrea’s Beijing based subsidiary Wadam Industries and produced by subsidiary Advanced Mining Technologies (AMT).
16-Jun-2008