Industrea has secured its maiden contract in the burgeoning Russian resources market with a deal to supply directional drilling and coal seam degasification equipment from its subsidiary Advanced Mining Technologies (AMT).
This breakthrough contract opens the Russian market to Industrea’s growing range of products and services as the company continues its geographical spread of customers and penetration with the world’s leading mining companies.
Robin Levison, Managing Director and Chief Executive Officer, said Russia was one of Industrea’s strategic target markets along with China, India and South America.
“This Russian contract, which has been the culmination of extensive homework and patience to ensure a low-risk entry into a new market, has enormous potential for Industrea,” Levison said.
“The successful completion of this project is set to trigger further sales and form a beachhead into a market whose possibilities cannot be under-estimated.”
“Russia is the world’s sixth largest coal producer and its resources sector is in the process of large-scale modernisation which will continue to fuel demand for Industrea’s products and services.”
“That modernisation is being assisted through funding from the European Union”.
Levison said large contract wins in Australia and overseas had strengthened Industrea’s credentials as a leading global provider of mining products and services, predominantly in the safety and productivity area.
“Global mining companies including BHP/BMA, Anglo Coal and the China-based Shenhua Coal Group have all signed material contracts with Industrea in the past year,” he said.
Last month Industrea announced it had beaten significant competition to be awarded the exclusive agency for the sale and service of US-based Petitto underground mining equipment and parts in Australia, New Zealand, China, and Mongolia.