Vitrinite purchase first GHWM300M highwall mining unit from Gainwell Engineering Global Pte Ltd

Nick Williams, Founder and Managing Director of Vitrinite has signed the first contract to supply a highwall miner to support the Vulcan Mine in Queensland’s Bowen Basin this week with Gainwell Engineering Global Pte Ltd.

Vitrinite are honored to be the first buyer of Gainwell’s GHWM300M outside India and believe that the introduction of highwall mining technology will play a significant role in the future of the Australian mining industry, as it has in many other coal markets around the world. These units are manufactured under license from Caterpillar, with technology developed and refined in the US mining industry over many decades. Highwall miners have proven to be safe, highly productive, have a low environmental impact, and provide access coal that would otherwise be stranded due to economic constraints. This purchase is the result of a two-year research program undertaken by Vitrinite to determine the best method to maximize the value of its extensive resources at Vulcan. This purchase is the culmination of extensive reviews of operating highwall miners around the world. The Gainwell’s product is outstanding and has been determined to be the best suited for the mining conditions at
Vulcan.

Vitrinite anticipates first coal to be mined with the highwall unit in 2023. If this first unit proves as successful as anticipated, Vitrinite will likely deploy multiple units in quick succession to increase production.

Vitrinite would like to thank Gainwell for their commitment to providing a world-class product which we believe has a very bright future in underpinning the next generation of highly productive coal mines in Australia.

ABOUT GAINWELL ENGINEERING PRIVATE LIMITED
Gainwell Engineering represents the best in designing, manufacturing, marketing and maintaining underground Room & Pillar equipment and Highwall Miner, for the global customer base. The company will also offer products and services related to railways and defence sector. With a vision
of becoming a globally recognized, technology-driven manufacturing leader,

Gainwell Engineering develops and manufactures innovative, safe and sustainable equipment to unlock essential resources and meet the growing demands for infrastructure investments in the mining, railways and defence sectors. The manufacturing business headquarters of the company is based in Kolkata, India, while the global business is managed through Gainwell Engineering Global Pte. Ltd., Singapore. Gainwell Engineering operates through a global network of sales offices, parts warehouses and
service rebuild centres in key mining regions around the world and extends exceptional value to all its customers. Gainwell Engineering envisions to drive sustainable progress, helping the customers Gain a better tomorrow.