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Hanwha Mining Services secures business foundation in Australia
2017-01-11

- enters into a 5 year-term contract with Whitehaven Coal Limited for
explosives supply and services

Hanwha Corporation entered into a contract with Whitehaven Coal Limited (ASX: WHC) to supply all bulk and initiating explosives and down-the-hole services. The contract, announced on 7th December, is for a term of five years and includes supply of approximately 65,000 tons per year of bulk explosives.

Whitehaven was one of the customers that LDE Australia was supplying when Hanwha took over the private mining services firm in August 2015. The recent extension of this contract demonstrates that since the acquisition, Hanwha has proved its excellence in operational performance and blast efficiency. The agreement marks a milestone for Hanwha’s global ambition as a mining services company.

Yang-soo Choi, CEO of Hanwha Corporation said that this deal gave Hanwha an important foothold that would allow them to grow and expand the reach of their global mining services. He also stressed that Hanwha was committed to providing safer and higher-quality bulk explosives and detonators to various markets around the globe.

The hybrid bulk explosives currently supplied by Hanwha in Australia are drawing industry attention as they generate little undesired fume and deliver efficient blast results. Hanwha offer a solution to mining companies to help address these well-monitored environmental issues.
A trial in fume reduction using Hanwha’s hybrid bulk explosives was also presented at the 9th AusIMM Open Pit Operators Conference 2016 last month and this attracted interest from mine operators.

Hanwha’s contract renewal with Whitehaven Coal will allow the mining services firm to invest in more advanced systems and manufacturing facilities in Australia with a view to enhancing the quality of existing products and developing new ones.

This will help Hanwha gain a wider global footprint in mining services. Since the commencement in 2014 of its global mining services business, the company has made inroads into Australia, Indonesia.