Iron ore price extends gains on China stimulus hopes
A highly anticipated third plenum that started from Monday will outline efforts to promote advanced manufacturing.
Industrea has signed a contract with Shanxi Asian American Daning Energy Co. (SAADEC) worth A$2 million. SAADEC is acquiring additional underground directional drilling equipment supplied by Industrea subsidiary Wadam Industries for Daning Coal Mine, Shanxi Province. SAADEC is now the longest user of Australian-built underground directional drilling equipment and the Daning mine is using Industrea’s Advanced Mining Technologies Drilling Guidance System (AMT DGS) methane gas drainage equipment, which has become the industry standard in China in boosting mine safety. (more…)
