https://www.engineeringnews.co.za
Business|drives|Engineering|Mining|Rental|Surface|Underground|Contracting|Equipment
Business|drives|Engineering|Mining|Rental|Surface|Underground|Contracting|Equipment
business|drives|engineering|mining|rental|surface|underground|contracting|equipment

Emeco exits underground contracting

5th February 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

ASX-listed Emeco on Monday announced the completion of the sale of key underground mining contracts and assets to fellow-listed Macmahon Holdings.

The company announced in December that it would transfer its Pit N Portal customer contracts, employees and nonmining fleet assets to Macmahon, in exchange for surface and underground mining equipment that are core to Emeco.

The companies also entered into a five-year agreement under which Emeco will become Macmahon’s preferred equipment rental provider for both surface and underground.

“The exit from underground contracting allows Emeco to focus our full attention on our core business of surface and underground equipment rental. Our mid-life asset model, supported by our Force workshops capability, enables us to source, rebuild and refurbish machines at a significantly lower cost than new assets, driven by our scale and engineering capabilities. This cost and quality advantage drives Emeco’s industry-leading margins and returns in rental,” said CEO and MD Ian Testrow.

He added that the rental agreement enabled the company to support the growth of Macmahon as one of Australia’s leading contract miners in surface and underground.

Edited by Creamer Media Reporter

Comments

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine image
Magazine round up | 12 July 2024
12th July 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.516 0.578s - 192pq - 2rq
Subscribe Now