MEDIA RELEASE - Mineral Resources Acquires Mining Wear Parts
Writer： admin Time：2021-05-24 08:41 Browse：℃
Mineral Resources Limited (MRL) has now completed the acquisition of Mining Wear Parts (MWP).
EGM, David Macfarlane will continue to lead MWP, which is now a wholly owned subsidiary of MRL’s CSI Mining Services business (CSI). Under the new ownership structure, MWP will have access to CSI’s financial, strategic and operational capabilities to execute the next step-up in its national growth plans.
Commenting on the MWP acquisition, Mineral Resources Chief Operating Officer Mike Grey said: “As a leading provider in the mining services sector, with a significant footprint in crushing in particular, the acquisition of Mining Wear Parts is a logical addition to the Mineral Resources Group of Companies and will allow us to further vertically integrate our supply chain. "MRL, through CSI Mining Services, will be a significant client of Mining Wear Parts but we also look forward to introducing and expanding Mining Wear Parts and its quality service offering to our client base to deliver value-adding opportunities for all. Jason O’Rourke, our Executive General Manager, Crushing and Processing, has been instrumental in growing CSI’s crushing and processing business, both internally and externally, and Mining Wear Parts will be a key part of this growth going forward. ”
Commenting on his choice of MRL as the partner to help grow the MWP business, Mr Macfarlane said: “This is very exciting news for the Mining Wear Parts team and our clients. With the support of Mineral Resources, Mining Wear Parts will be able to morph very quickly into a larger business with the ability to significantly increase our range of stocked parts and products and build a large technical and experienced base to better support and service our national client base.
“Importantly, Mineral Resources aligns with the culture we have established at Mining Wear Parts of being innovative and delivering value-adding solutions for our clients."