Redpath Australia Holdings, a subsidiary of Redpath Mining, has entered a share purchase agreement to acquire RUC Mining Contractors.
The acquisition is subject to regulatory approvals and is expected to be finalised by June 2024.
RUC, established in 1990, specialises in underground mining services including shaft sinking and raise drilling.
The company has a significant presence in Australia and operates globally with offices in Hong Kong, Indonesia, Kalgoorlie, Kazakhstan, Mongolia and Perth.
The integration of RUC into Redpath is expected to provide a more diverse range of services to clients and enhance opportunities for employees.
Both Redpath and RUC have emphasised their commitment to ensuring that current projects proceed without interruption.
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Redpath Group CEO George Flumerfelt said: “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.
“Our presence in the Australian market will be comprehensive, with a country-wide footprint able to provide a full range of services and support from both the east and west coasts. 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.
“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.”
