- Mining equipment designer and manufacturer Austin Engineering (ANG) recorded roughly $30 million in new contracts for August 2021
- These contract wins were for product services and delivery across Australia, Chile, Indonesia and the United States
- Throughout August, Austin received contracts for 27 truck bodies, three water tanks and five ore shoots
- Austin ends the day 4.35 per cent in the red with shares trading at 22 cents
Mining equipment designer and manufacturer Austin Engineering (ANG) recorded roughly $30 million in new contracts in August 2021.
These contract wins were for product services and delivery across Australia, Chile, Indonesia and the United States.
Throughout August, Austin received contracts for 27 truck bodies, three water tanks and five ore shoots, amongst others.
Indonesia
The company has won a $4.5 million underground mine product contract to supply five underground mine chute structures to PT Freeport Indonesia’s operation in Papua, Indonesia, Grasberg and Tembagapura.
These structures will be manufactured at Austin’s facility in Indonesia with work already underway and expected to be completed this year.
Chile
In Chile, Austin won a $10 million, three-year mining equipment support contract with KGHM for the supply of truck bodies to its Sierra Gorda open-pit molybdenum and copper mine.
Australia
In Australia, Austin won contracts to supply its truck bodies and equipment to mining service companies such as NRW Civil & Mining and Perenti Global (PRN).
The equipment will be manufactured at Austin’s Kewdale facility in Perth.
CEO and Managing Director David Singleton commented on the contract wins.
“We are buoyed to have recorded such a strong month of contract wins around the globe, including a new customer in NRW Holdings,” Mr Singleton commented.
“The mine chute structure contract with Freeport Indonesia reflects Austin’s increasing focus on new products and adjacent value streams.”
“This is in line with our global strategy to employ more innovation and technology-led design solutions for our customers, and add further products to our suite in coming years.”
Austin has ended the day 4.35 per cent in the red with shares trading at 22 cents in a $133.4 million market cap.