Redpath Mining Inc. Expands Global Presence with Acquisition of RUC Mining Contractors Pty Ltd
Redpath (Australia) Holdings Pty Ltd, a subsidiary of Redpath Mining Inc, has announced the signing of a share purchase agreement to acquire RUC Mining Contractors Pty Ltd (RUC), pending regulatory approvals.
The completion of the acquisition, expected by June 2024, will integrate RUC into the Redpath Group, reinforcing its status as a leading global provider of mine development, shaft sinking, and raise drilling services.
George Flumerfelt, CEO of The Redpath Group, expressed confidence in the acquisition, emphasizing RUC’s reputation for quality service and expertise.
He anticipates that the combined capabilities of Redpath and RUC will offer compelling solutions to customers and enhance their competitiveness in securing significant projects worldwide.
The acquisition of RUC is strategic for Redpath, providing increased scale, capabilities, and financial strength to bolster its market position and support growth initiatives across Australia, Africa, Europe, and Asia.
Flumerfelt highlighted the comprehensive presence Redpath will have in the Australian market, leveraging a nationwide footprint to deliver a full spectrum of services and support to customers and employees alike.
Upon completion, the acquisition will enable Redpath to offer a broader range of services to customers and create new opportunities for employees, including:
.Mechanised Mining: Integrating the expertise of Redpath and RUC to provide customers with comprehensive capabilities and reach.
.Raise Drilling: Establishing Redpath as the market leader in Australia, with increased investment in training and equipment to enhance its global standing.
.Shaft Sinking: Leveraging RUC’s capabilities to expand Redpath’s global shaft sinking business while providing RUC customers access to Redpath’s expertise.
.Enhanced Connectivity: Bridging Australia’s east and west coasts with dedicated facilities and assets, facilitating smoother operations.
.Diverse Projects: Positioning Redpath as a preferred contractor for major development projects, offering turn-key solutions for vertical and lateral development works.
Flumerfelt reiterated Redpath’s unwavering commitment to safety and its dedication to being an industry leader and employer of choice.
He emphasized that safety remains the top priority, and the acquisition presents opportunities for employees to receive additional training, professional growth, and exposure to diverse projects globally.
The acquisition of RUC represents a significant milestone for Redpath Mining Inc., enhancing its capabilities and reinforcing its position as a trusted partner in the global mining industry.
