GEOMECHANICS / GROUND CONTROL

DSI Underground to acquire Australian steel product maker

DSI Underground Australia will acquire 100% of privately owned Fero Group

Staff reporter

This article is 6 years old. Images might not display.

PRESS RELEASE: Employing 300 people, DSI Underground Australia supplies strata reinforcement and ground support products essential to safety and efficiency in the underground mining, infrastructure and construction sectors.
 
The Fero Group, which it plans on acquiring, currently has manufacturing operations in Kewdale, Western Australia, and Narangba, Queensland.
 
CEO of DSI Underground Australia, Derek Hird, said: "The acquisition of Fero will add galvanising and mesh manufacturing processes into DSI Underground Australia's manufacturing capability, allowing us to better serve customers, continue to invest in R&D, and increase exports to African and Asian mining services markets."
 
The owners of Fero, the Franco family of Perth, have also agreed to invest part of the sale proceeds into DSI Underground Australia's parent company, DSI Underground Holdings, and will become a significant shareholder in DSI Underground's global mining business.
 
Michael Reich, group CEO of DSI Underground International, said the aim was to provide customers with a broader range of products, allow for continued R&D investment, and adapt to the digitalisation of products and services.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

Mining Magazine Intelligence: Automation and Digitalisation Report 2024

Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets