Anglo American sells coal assets to Peabody for $3.8bn
The move is the first of four big asset divestments Anglo announced in May, after it fought off a $49bn hostile takeover attempt from BHP.
Thursday 21st May 2009
The Directors of QMASTOR Limited (ASX: QML) are pleased to announce the signing of contracts with Jim Walter Resources for the provision of its Pit to Port.net, Horizon APS and iFuse systems for installation at their coal mines in Alabama, USA. The contracts cover software licensing across JWR’s corporate group, project services and software maintenance and support for an initial 5 years. The Contract is expected to contribute revenue in the current AFY with the majority of revenue received in the next financial year.
QMASTOR will supply Jim Walter Resources with a comprehensive pit to customer management information system that includes:
Steve Maxwell, General Manager of QMASTOR Limited stated “QMASTOR is pleased to partner with Jim Walter Resources, whose Blue Creek metallurgical coal is recognised the world over for its high quality. Similarly, the selection by Jim Walter Resources of QMASTOR’s systems highlights the growing global recognition of the quality of QMASTOR’s mining supply chain solutions.”
Trent Bagnall, Managing Director of QMASTOR Limited said “These contracts with Jim Walter Resources are an important milestone in the company’s ongoing international expansion and market development. The North American coal and bulk commodity markets are comparatively very large and represent a significant opportunity for QMASTOR going forward. We look forward to and are confident about growing a strong presence in this market.”
“This announcement highlights the enormous value proposition that QMASTOR’s systems provide our clients. Our ability to increase efficiency and save tangible costs for our customers becomes even more important when commodity prices are lower and cost control is a priority.” Mr Bagnall explained. The Directors of QMASTOR are pleased to confirm the earnings per share guidance for the financial year of 3.25 – 4.0 cents per share remains on track and look forward to delivering a strong result for shareholders.
About QMASTOR Limited
QMASTOR Limited (ASX: QML) is a market leader in the provision of specialist management information systems and services to the global mining, port, power generation and other bulk commodity industries. QMASTOR has pioneered innovative solutions to empower clients to improve their operations and maximise profit through the efficient use of resources across the supply chain.
For further information contact: Steve Maxwell – General Manager
Phone: +61 2 4908 2222
Email: [email protected]
Web: www.qmastor.com
