Mastermyne Group Limited Acquires Renowned Underground Coal Ground Consolidation Business, Wilson Mining Services Pty Ltd

Mastermyne Group Limited is pleased to announce that it has signed a conditional acquisition agreement for the purchase of all the shares of Wilson Mining Pty Ltd (“WM”).

Mastermyne CEO, Tony Caruso said “WM is a highly specialised underground business that has a niche service offering predominately in the longwall ground consolidation area.  This business pioneered the introduction of phenolic cavity fill and injection products which has greatly improved the safety and productivity of longwalls in Australia.  WM and Mastermyne have a long history of working together to provide chemical injection and installation support to the Australian underground coal sector and the acquisition of WM fits well with our growth strategy of providing niche, value adding underground services to our existing clients.  WM’s highly valued services are a smart bolt-on which complements and enhances the Mastermyne suite of services, all of which are essential for the continuation of underground longwall and mining operations.