$A129.5 million to fund mining equipment - iMINCO Mining Training Information

$A129.5 million to fund mining equipment

Ausdrill, one of the world’s leading internationally-focused mining contractors has raised $A129.5 million to finance equipment and plant purchases for its ongoing businesses in Africa and Australasia.

Leading Australian-headquartered mining contractor Ausdrill Ltd, has announced a successful major capital raising to raise gross proceeds of $A129.5m, to be used as growth capital to fund purchases of plant and equipment for projects commencing in the next 12 months or projects which have been tendered for

Services include open pit and underground mining, drill and blast, and grade control. Ausdrill said thast following strong growth in recent years and assuming continued strength in the resources sector, it expects a high level of tender activity in the next year.

As a result of the resource sector`s increased levels of demand for new equipment, lead times for delivery of new equipment have increased.

$20m-$500m mine contracts

Mining contract terms range from 2 years up to 9 years, with an average term of 4-5 years. Contract values range from $A20m to over $A500m per project. Ausdrill focuses on high growth end markets such as gold, iron ore, copper and nickel.

The equipment being bought by Ausdrill includes Caterpillar 100t-class trucks, exploration, grade control and probe rigs, drill and blast rigs, excavators, truck trays and dozers.


Learn more about the Bowen Basin mining location.

The Bowen Basin contains the largest coal reserves in Australia. This major coal producing region contains one of the world’s largest deposits of bituminous coal.

The Basin contains much of the known Permian coal resources in Queensland including virtually all of the known mineable prime coking coal. It was named for the Bowen River, itself named after Queensland’s first Governor, Sir George Bowen.

The Bowen Basin covers an area of over 60,000 square kilometres in Central Queensland running from Collinsville to Theodore and is dotted with many coal mines operated by multiple mining companies.

Caterpillar Haul truck 793

Caterpillar Haul truck 793

The 793F has a load cpacityof 226.8 ton (US) and a top speed of 60 kilometres an hour. It's a turbocharged air-to-air aftercooled diesel engine that has enhanced power management capability for maximum hauling performance. The C175-16 is a 16-cylinder, four-stroke design that uses long, effective power strokes for optimum efficiency.

The 793F, is an autonomous-driven truck. Over 100 793F trucks are now operating via Command for hauling, the Cat autonomous truck operations system, which is a part of Cat MineStar™

Read more about the CAT 793 automomous mining dump truck on our website.

Resources and Infrastructure Industry (RII)

Commonly refered to as Black Coal Competency (BCC), the RII competency is one that can be attained by an operator who has previously worked in the industry and has completed a number of operating hours on various types of machinery.

RII competency is granted to prove correct and safe operation of mine site machinery. It is a very useful qualification to have, as it confirms the operator has the required experience and expertise.

Find out more about RII Competencies here

You can transfer your nationally recognised civil Excavator, Front End Loader or Dozer tickets only to RII Black Coal Competencies.

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