Emeco

Better Equipped | Equipment Solutions for Mining

FY11 Q1 Operating Update

  • Sustained equipment demand with global fleet utilisation averaging 87% in Q1
  • Strong mining activity across Emeco's core mining markets (Australia, Indonesia and Canada)
  • 240 tonne truck fleet investment deployed into Rio Tinto Coal in line with fleet strategy
  • On track to achieve $60 million capital release from Australian Sales and Victorian rental businesses by 30 June 2011 with $15 million capital released in Q1
  • Improving safety performance (Group LTIFR at 2.6 per million hours, down from 3.8 at June 10)

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