THE Chinese coal industry’s productivity push continues to deliver growth opportunities for Industrea, with the global mining products and services provider announcing a US$6 million order from another new Chinese client.
The contract signed with Industrea’s China-based subsidiary Wadam Industries is for the supply of four IME high productivity longwall roof support carriers and associated spares to new customer, Shanxi Shenfu South Section Produce and Service Corporation, for its Northern Shanxi Zone coal mines in north-west China.
Industrea Managing Director and CEO, Robin Levison, said the order from Shanxi Shenfu was part of a new trend of electricity producers establishing coal mines based on leading international practices, and with the most advanced mining productivity and safety equipment.
"China’s push to consolidate smaller mines and improve mining productivity and safety has now led to the larger electricity producers establishing their own large coal mines as a source of guaranteed supply," Levison said.
"We are expecting a number of similar orders from other electricity producers for our leading equipment, including methane gas drainage, collision avoidance systems and longwall roof support carriers, due to our strong position as a supplier of choice to China’s leading coal producers."
According to the China Coal Information Institute, 473 small mines were shut in the first half of 2009, with 300 million tonnes of productive capacity eliminated from 2005 to 2008 in line with the Chinese Premier’s call for improved safety and the construction of large-scale mines with modern equipment.
Add your comments