Mastermyne was founded in 1996 in Mackay by Andrew Watts and Darren Hamblin with 2 employees operating in one mine. Today Mastermyne is listed on the ASX and employs over 490 people operating in 20 mine sites in Queensland and New South Wales.
Since its establishment in 1996, Mastermyne has grown significantly both organically and through the acquisition of complementary businesses. Mastermyne selected and acquired each of these operations based on the cultural fit, synergies and opportunities to expand their existing operations.
| Year |
Event |
| 1996 |
- Founded by Andrew Watts and Darren Hamblin to provide contracting services to underground longwall mining operations in the Bowen Basin coalfields of Central Queensland.
|
| 1997 |
- First conveyor installation contract.
|
| 1998 |
- First longwall installation contract.
|
| 2000 |
- Staff reaches 100 full time employees.
|
| 2002 |
- First roadway development contract.
|
| 2003 |
- Awarded Longwall Magazine’s longwall contractor of the year.
- Staff reaches 200 full time employees.
|
| 2004 |
- Annual revenue reaches $25 million.
|
| 2005 |
- CHAMP Ventures and management buy in.
- Tony Caruso appointed CEO to complement the Founders and position Mastermyne for growth.
|
| 2006 |
- Acquired 50% of Capricorn Mining Queensland, a Yeppoon based fabrication company also servicing the Bowen Basin underground coalfields.
|
| 2007 |
- Acquired remaining 50% of Capricorn Mining Queensland.
- Annual revenue reaches $50 million.
- Acquired DRE Electrical, a Mackay based electrical company providing contracting services to open cut mining operations in the Bowen Basin coalfields.
|
| 2008 |
- Acquired PYD Mining Services, a Wollongong based provider of specialist underground coal mining services to the southern coalfields of New South Wales.
- Tony Caruso appointed Managing Director.
|
| 2009 |
- Acquired Highland Mining an Emerald based provider of ventilation services.
- Acquired Infin-Tech, a Yeppoon based manufacturer of ventilation and control devices.
- Awarded BHP coal contractor of the year.
- Annual revenue reaches $90 million.
- Staff reaches 386 full time employees.
|
| 2010 |
- Acquired MTR Mining Services.
- Staff reaches 490 full time employees.
- Mastermyne is listed on the ASX.
|
