Blasting and explosives company BME, a member of Omnia Group, has entered into a joint venture (JV) in Canada with Consbec, a surface drilling and blasting contractor.
The JV, which is called BME Mining Canada, is a manufacturing and service company for the surface and underground mining market. The company hopes to create opportunity for growth and expansion in the region through the arrangement.
It will be conducted in a phased approach, based initially on sales efforts in the region and then expanding to capital investment and services, depending on the needs of customers.
BME Mining Canada is set to leverage off Consbec’s experience and presence throughout the country, starting with Northern Ontario and the more remote mines.
A key capability will be drill and blast services at mine sites, with the JV providing Consbec an extended offering, allowing its base to be expanded into the underground mining segment in the region.
“A key highlight of the JV is the synergy between the partners and represents the entry of a new service provider into an area which will benefit from a fresh approach to address client needs based on a proven international track record,” BME chief executive officer Joe Keenan said.
“We believe that BME’s underground expertise and technology contribution to the partnership will be significant – providing customers with leading edge tools and services for quality blasts.
“Consbec were looking to extend its offering and to expand into underground in Canada so the synergy makes complete sense.”
The future introduction of activities into Canada such as non-electric assembly and the manufacturing of bulk emulsion and underground equipment will mean local job creation.
“The JV with Consbec is aligned with Omnia’s strategy to seek growth in new markets through acquisitions and partnerships. The phased approach adopted in this case ensures that BME has the platform to solidify its expansion in North America and growth as a global player,” Omnia Group chief executive officer Seelan Gobalsamy said.