Major cable reel equipment order for Brazilian mining group
We’ve won a major order with Chinese industrial equipment specialist Dalian Huarui, to supply Brazilian mining group Vale with advanced cable reel systems for stacker/reclaimers. Mitsubishi Heavy Industries is the general contractor for the deal, and the end user is global mining company Vale. Headquartered in Brazil, Vale is one of the world’s largest mining concerns, with some 100,000 employees and outsourced workers.
We will supply 11 high-voltage cable reels and cables with lengths of up to 600 metres for use on stacker/reclaimers, while also providing expert on-site commissioning and training support. The first three units are due for delivery in October, while the remaining eight will be delivered throughout the first three months of 2010.
We won the order in the face of stiff competition, but were able to provide a system that met all the customer’s requirements at a competitive price. It’s quite an exciting challenge to be involved so international a project – Brazil, China and Japan.
i can only assume that this “major” deal (per se), was not announced to the NZX because it did not suffice being a major financial deal. I am sorry, but I am continually perplexed as to what warrants being released here and what is released to the NZX. I would assume any such “new orders” news is good news that the exchange markets would welcome amd would draw interest to the company.
Robbie,
on the whole we usually report these type of orders (with this relative size and scope) in our Quarterly updates (which are released to the NZX MAP) or as separate trade-industry press releases.
As you know we also send out all types of releases to our subscriber base. We mainly reserve the NZX MAP for orders of material significance.
Regards,
Michael