Redpath up in 2021

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The German owner of underground mining contractor Redpath has reported an 8% (€50.1 million) uplift in revenue in 2021 for the Canadian-based company.

Helmig family-owned ATON Gmbh, which has significant investments in mining services, engineering, medical technology, aviation and digital products, posted basic numbers for its portfolio companies ahead of the imminent release of its FY21 annual report.

Redpath’s €686.7 million revenue (US$812m) compared with €636.6m (US$730m) in 2020.

The Ontario-headquartered Redpath had 5194 employees at the end of 2021, versus 6063 a year earlier.

Redpath is a major provider of mine development, production and infrastructure construction services in all the world’s main mining markets.

The company said in December last year it was working on 88 projects at 73 sites.

ATON also owns nearly 44% of South Africa’s listed mining and construction contractor, Murray & Roberts, which generated about US$670m from mining services last year.

A combination of the two companies would create the world’s largest underground hard-rock mining services entity.

ATON gained control of Redpath, founded by Jim Redpath in 1962, in 2006. The family investment company is owned by Dr Lutz M. Helmig, Dagmar Helmig and their two daughters.

 

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