Redpath strengthens Australian presence with purchase of RUC contractors

Redpath (Australia) Holdings, a wholly owned subsidiary of Redpath Mining, has signed a share purchase agreement to acquire RUC Mining Contractors Pty […]
Redpath is strengthening its position in global markets. Credit: Redpath Group

Redpath (Australia) Holdings, a wholly owned subsidiary of Redpath Mining, has signed a share purchase agreement to acquire RUC Mining Contractors Pty Ltd (RUC). Pending regulatory approvals, the arrangement is expected to be closed and for RUC to officially become part of Redpath by June 2024.

George Flumerfelt, CEO at The Redpath Group, said the acquisition reconfirms Redpath’s position as a global leader in mine development, shaft sinking, and raise drilling services.

Flumerfelt

“Redpath has held RUC in high regard for a long time and this agreement is evidence of the quality of service and expertise it sees across the RUC team. Our combined capabilities will be a compelling proposition to customers and strengthen our position in capturing large and important projects in the future,” he said. “Acquiring RUC will give Redpath enhanced scale, capabilities and stronger balance sheet to strengthen our market position and fund growth, particularly in the Australian, African, European, and Asian markets.”

Once complete, the acquisition will enable Redpath to deliver a more diverse range of services to customers and opportunities to employees, including:

  1. Mechanized mining: A single company that brings together the best of Redpath and RUC to offer customers comprehensive capability and reach.
  2. Raise drilling: Be the Australian market leader, with increased investment in training and equipment that will strengthen our global position.

3.         Shaft sinking: Giving Redpath customers access to new capabilities from RUC, while also giving RUC customers access to Redpath’s global shaft sinking business.

4.         Greater connectivity across Australia: bridging the east and west coasts with dedicated plant, assets and training facilities on both sides of the country.

5.         Diverse and iconic projects: Become the go-to turn-key contractor for major vertical and lateral development works.

Flumerfelt said Redpath management’s commitment to safety and being a leader and employer of choice in the industry remain unchanged.

“Safety – First, Last and Always – is and will always be our number one priority,” he  emphasized. “We are excited about the opportunities this acquisition will create for employees – including more training and professional growth, diversity of projects and exposure to work opportunities around the world.”

Visit www.RedpathMining.com to learn more about the company’s expertise.

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