Member access

4-Traders Homepage  >  Shares  >  WIENER BOERSE AG  >  Strabag SE    STRV   AT000000STR1


SummaryChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

Strabag, Rio Tinto Sign Partnership Agreement for Tunnel, Shaft Drilling System

02/22/2013 | 05:12am US/Eastern

VIENNA-- Austrian construction company Strabag SE (STR.VI) and Australian mining company Rio Tinto have signed an agreement for a long-term partnership in research and development of Rio Tinto's new tunnel- and shaft-drilling systems, Strabag said Friday.


-From 2012 to 2014 in the first phase of the two-phased partnership, Strabag will test and help to optimize Rio Tinto's new technology in tunnel and shaft drilling systems at selected construction sites worldwide.

-Currently tests are being conducted at a mine in Australia and are planned for a mine in the U.S. in Salt Lake City. Further testing sites are under consideration, Strabag added.

-After successful completion of the test construction sites, the partnership will move into the second phase: For five years, Strabag will exclusively carry out all of Rio Tinto's construction projects using the new systems.

-Strabag said it is a new entry for the company into the "mechanical propulsion in the mining industry" business segment.

Write to the Vienna Bureau at 

Subscribe to WSJ:

Recommend :
React to this article
Latest news on STRABAG SE
5d ago Bouygues-Strabag consortium submits detailed bid for 46-km motorway project i..
04/10 Salini Impregilo and Strabag win the contract for the main section of the Bre..
03/20 STRABAG : building Zielone Arkady shopping centre in Bydgoszcz
03/14 STRABAG SE : Unique automatic toll sticker monitoring system
03/01 STRABAG AG : 'Strabag fungueni barabara haraka'
02/17 STRABAG SE : expects continued solid business in 2014
01/28 STRABAG SE : STRABAG building McArthurGlen Designer Outlet Vancouver Airport
2013 Vinci-Strabag-Aktor consortium to build 58km motorway section.
2013 STRABAG AG : Foundations in place for marine energy park ; Memorandum of Underst..
2013 STRABAG AG : Reconstruction of us. J. of PODEBRADY - Amendment No. 3
Duration : Period :
Strabag SE Technical Analysis Chart | STRV | AT000000STR1 | 4-Traders
Income Statement Evolution
Strabag SE : Income Statement Evolution
More Financials
Dynamic quotes