METS

Emeco drives into underground space

MINING fleet provider Emeco Holdings has announced A$72 million cash and share acquisition of hard-rock underground mining equipment and services business Pit N Portal, largely funded by a $65 million entitlement offer.

Emeco drives into underground space

Emeco said the acquisition of the 18-year-old Pit N Portal would allow it to "leverage its current core capabilities and expand into a new market".   Pit N Portal was described as owing the largest...

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