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BHP Group Limited — Capital/Financing Update 2009
May 28, 2009
14787_rns_2009-05-28_efc044e5-b042-493a-99e3-c610e5270d48.pdf
Capital/Financing Update
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For immediate release to the market
INDUSTREA Limited
ASX Code IDL
29 May 2009
Industrea announces $5.4m CAS-CAM/RF[®] contract
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Industrea signs contract with BHP Billiton Mitsubishi Alliance (BMA) for $5.4m
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Latest signing continues Industrea's strong surge of new business wins in mine safety and productivity sector in 2009
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Deal lifts new contracts secured by Industrea to over $107m in 2009
Global mining products and services provider Industrea Limited (ASX:IDL) today announced a $5.4m contract to supply its CAS-CAM/RF[®] collision avoidance system to BHP Billiton Mitsubishi Alliance (BMA). The supply and service agreement, negotiated by Industrea's wholly owned subsidiary, Advanced Mining Technologies (AMT), lifts new contracts secured by the company in the 2009 FY to over $107m.
Due for delivery and payment before the end of the 2009 financial year, the system will be installed as part of an ongoing program through financial year 2010.
Industrea Managing Director and CEO, Robin Levison, said the contract followed a successful pilot program for the complete CAS-CAM/RF[®] system at the BMA Gregory Crinum Mine and previous camera-only installations at other BMA mines.
“AMT’s Collision Avoidance System (CAS-CAM/RF[®] ) utilises a combination of blind spot cameras (CAS-CAM) and Radio Frequency (RF) Proximity Detection technologies to effectively reduce the risk of collision between Earth Moving Equipment and Light Vehicles. AMT’s CAS-CAM/RF[®] technology is now recognised as ‘best of breed’ with major sales to BHP Billiton, Anglo American and Vale, in Australia, South Africa, Chile and Indonesia and Shenhua Energy Group in China.”
“Our CAS-CAM/RF[®] solution is a key element of Industrea’s market-leading stable of products and services to improve mine safety and productivity. Industrea’s innovative technologies are proving to be an effective tool to achieve ongoing improvement in safety performance by reducing the hazard for collisions between heavy vehicles to heavy vehicles, heavy vehicles to light vehicles and heavy and light vehicles operating in the mine pit to fixed objects.”
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“This latest contract not only delivers additional revenue for the 2009 financial year, it is indicative of the strength of our order book for the 2010 fiscal year and beyond.”
“With recent contract wins in Australia, South Africa and China, Industrea continues to grow its business in the face of the global downturn. Despite falling production levels at some mines the demand for safety products and services remains for many companies, a priority, non-discretionary area of capital investment," he said.
Mr Levison said Industrea's world-leading technology and successful track record in the mine safety and productivity segment, had underpinned the company's on-going expansion in face of the 2009 downturn.
For further information, contact: Robin Levison Managing Director and CEO Industrea (07) 3725 5400
For media queries: John Bayly Bayly Willey Holt (07) 3368 2355
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About Industrea Limited
Industrea Limited is a diversified mining products and services group based in Australia. Industrea provides integrated mining products and services, including open cut earthmoving and equipment hire, asset management, contracting and engineering services. Industrea’s range of mining products includes open cut Collision Avoidance Systems, Underground Directional Drilling, Aboveground Directional Drilling, Contractor Management, Mobile Asset Tracking and Driver Safety Performance Index, along with a range of flame-proof and explosion-proof underground diesel vehicles for the transportation of people and longwall mining equipment. The company’s products and services are sold in Australia, the United States, South America, Indonesia, Papua New Guinea, Russia, China, South Africa and New Zealand. Customers based in these areas include BHP Billiton, Anglo Coal, Rio Tinto, Xstrata, Boeing and the major Chinese mining groups, including Jincheng, Shanxi and Shenhua.
The company also acts as distributor for global mining suppliers Sandvik Voist Alpine (Scandinavia) and Tagor (Poland).
Headquartered in Brisbane, Industrea is listed on the Australian Securities Exchange under the ASX stock code of IDL. For more information about Industrea Limited, visit www.industrea.com.au.
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