Mincon Group plc  is pleased to announce that it has acquired 65% interests in two companies and a 60% interest in a third company (in each case with options for Mincon to subsequently acquire the remaining interests).
These three acquisitions will, together, both increase and diversify Mincon’s product portfolio, providing us with an offering in the rotary blast hole drilling industry and extending Mincon’s distribution network, addressing target markets in eastern Australia and southern Africa in line with the stated strategy to supply product direct to the end user where possible. Rotary blast-hole drilling is more commonly used in softer rock drilling or open pit mining unlike Mincon’s existing consumables portfolio which is primarily focused on servicing hard rock drilling. The acquisitions have been structured as initial majority interest purchases so as to enable the Mincon Group to access and leverage the existing network and relationships of the current owners, while allowing them to participate in the anticipated future upside from being part of a larger integrated consumables business.

Mincon West Africa are pleased to announce that they will be silver sponsors and exhibitors at SIM Senegal which takes place take place from 4 – 6 November 2014 at the Hotel King Fahd Palace, Dakar, Senegal.

The event is organised by the Ministry of Industry & Mines, Senegal in association with AME Trade Ltd. The event will feature a three day conference, exhibition and option to visit some of Senegal’s key mining sites.

SIM Senegal 2014 will build on the success of its previous events, as the estimated $USD 5billion invested in the Senegal mining industry from 2000-2013 directly correlates to 20% of Senegal’s export revenues coming from its rapidly growing mining sector.

Mincon Group PLC, a manufacturer of Hard Rock Drilling products for use in the Mining, Construction, Water Well, Geothermal and Oil & Gas Industries announces the launch of the newest addition to its Standard DTH Range of tools, The Mincon MQ Range.

Designed and tested over the past 12 months, the Mincon MQ Range of Standard DTH hammers run industry standard drill bits without the need for a foot valve. Mincon Engineers upon advice from Mincon Field Technical Specialists and End Users saw a need in the market for a range of high performance DTH hammers that could run readily available industry standard shanks, while eliminating the weakest part of any DTH bit design, the Foot Valve.

The Mincon team are pleased to have been part of this year’s CONEXPO in Las Vegas which runs from 4-8th March 2014. This is certainly the place to be when it comes to showcasing the latest in construction equipment and technology.

Mincon were pleased to be one of over 2400 exhibitors and we took great pleasure in talking to a variety of contractors and potential dealers and distributors from the estimated 125,000 + attendees.

It was great for our team to meet so many new contacts and also to see some old familiar faces. Our product range, in particular our newly launched products garnered a great deal of interest and we are very pleased with the feedback and enquiries that we have received.

With a crew that has combined over a century of experience, and equipment designed to leave the smallest footprint possible, Globexplore has taken on some of the most diverse and challenging projects that Mexico has to offer. Based in Hermosillo in Sonora State Mexico Globexplore have gained an enviable reputation for providing outstanding drilling contracting services to the Mexican Mineral Exploration market.

Victor Diaz, Director of Operations for Globexplore, knows the client is the top priority; “Our entire company operates with a deep understanding that the client is the priority to focus on every hour of every day. Operating in remote areas it is of the utmost importance that we can rely on our tooling to do the job we need it to do”.

Since 2010 Globexplore has been using the Mincon MX5053 Reverse Circulation Hammers and 133 MM bits. One of the main advantages seen with the Mincon MX5053 Hammer is its ability to drill in many varying types of ground condition, which are quite common in this market.

Mincon’s announcement of their floatation on the stock exchange in late 2013 was met with significant interest.
The Shannon based business saw €50 million raised at an Initial Public Offering in November. This saw it listed on the Enterprise Securities Market of the Irish Stock Exchange and on London’s Alternative Investment Market, where it shone as the largest float of 2013.

This milestone market debut has valued Mincon at €180 million.

Mincon’s chief executive Kevin Barry said ‘Floating on a public market is a significant milestone for Mincon. By listing on the Irish Stock exchange, Mincon will be able to source international capital to fund the next phase of its expansion.”
Acting as nominated adviser, ESM adviser and broker were Dublin stockbroking firm Davy.

A “Down-the-Hole” Hammer is probably the most important component on the drill rig and the DTH system holds many advantages over other alternatives, for instance:  Rotary Drilling is fine for large diameter holes in softer more friable rock but less effective in hard rock or where small diameter holes are needed. Top Hammer (Drifter) drilling systems can produce satisfactory results for short hole drilling in hard homogenous rock conditions but would likely experience difficulty in deep holes and in soft ground with large diameters. The DTH system is by far the most versatile and can be used very successfully in a wide range of ground conditions from soft, through medium to very hard.

Small diameter holes with deep capability are all within the scope of the DTH system, which is recognized for providing clean, truly aligned bore holes at high drilling rates with minimal operating cost.

Mincon West Africa commenced trading in October 2010 when managing director Martin van Gemert founded the company from startup. The company started very modestly with Martin initially operating from a hotel room and the 1st staff member joining him in the company 8 months later. From this humble beginning, in a little over 3 years, Mincon West Africa has become a well-known name in the drilling and mining supply industry in West Africa.

At the end of the first financial year nobody would have thought that this little start up would increase its size and turnover as dramatically as it did. The first real order was received in April 2011, after six months of zero income, while Martin was on a visit to the Mincon head office in Shannon. A collective sigh of relief went up and from there on Mincon West Africa could not be stopped.

During its second year Martins hard work and dedication to Mincon West Africa started to pay off. The customer base expanded and so did the turnover. Mincon West Africa grew by 523% in its second full year of operation compared to the first full year.