Austin Engineering Limited (AU:ANG) has released an update.
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Austin Engineering Limited has achieved a significant milestone by exporting its first international Armadillo dipper bucket to a major US copper miner, with expectations for further orders if the trial is successful. The high-performance, lighter bucket, which sells for $1.5 to $2.5 million, represents a strategic expansion following the company’s acquisition of Mainetec. Austin aims to capture a larger market share in the Americas, where nearly 430 rope shovels are in operation, by leveraging its global capabilities and increased bucket sales.
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