Can you provide an update on Redpath Mining?

2024 was a remarkable year for Redpath, and 2025 looks just as bright. The acquisition of RUC Mining Contractors significantly contributes to our success, alongside a notable increase in traditional Redpath Mining work. Historically, the Americas represented about 60% of our volume, but with the RUC acquisition, Australia has increased its share. In the Americas division, we just finalized the commissioning of a material handling system at Vale’s Voisey’s Bay mine in Labrador, which includes several kilometers of conveyor systems and associated infrastructure. This project is particularly significant, as we began underground development, transitioning the mine from an open pit six years ago.

What are some current projects in Canada that you would like to highlight?

In Canada, we are sinking two shafts: one for Agnico Eagle at the Odyssey mine and another for Alamos Gold at the Island Gold mine. Both projects are progressing well, with the shafts already halfway down. Additionally, in the US, we have seen a significant increase in business activity. We are involved in the design and construction of two shafts and associated hoisting plants at South32’s Hermosa project. Furthermore, we have initiated development and production at Rio Tinto’s Kennecott mine in Utah, which ventures underground to access satellite zones from the longstanding Bingham Canyon open pit.

Can you elaborate on the strategic significance of the RUC acquisition?

The acquisition of RUC by our sister company, Redpath Australia, is a strategic move that enhances our presence in Western Australia. RUC is based in Perth, while Redpath Australia operates out of Brisbane, which allows us to strengthen our presence on both sides of the country. This acquisition is also beneficial for our operations in Indonesia, where both RUC and Redpath Mining have a substantial presence at Freeport. We are currently working on integrating the operations to optimize our effectiveness in the region. 

What trends have you noticed recently regarding the contracting sector?

I have observed a significant shortage of expertise in the industry, which is not a revelation but rather a recognized issue over the past several years. Clients are increasingly asking contractors like Redpath Mining to take a more involved role in their projects instead of merely handing off a scope of work. Critical mineral initiatives are also driving expansion across existing and greenfield projects. For instance, at South32’s Hermosa project, we are seeing a design-build approach where clients reach out to contractors earlier in the process. Locally, in Ontario, we are witnessing increased opportunities in the gold sector with companies like Agnico Eagle, Kinross and Newmont. 

How has the labor shortage affected Redpath Mining?

A couple of years ago, we experienced a significant shift in our workforce, leading us to develop new staffing strategies. We have implemented training programs and invested in internal training initiatives. We have onboarded dedicated trainers to prepare new hires for various roles in underground mining. This approach has been extremely successful in staffing our projects and supporting continued growth. 

Are there any specific markets that Redpath Mining is looking to expand into?

We aim to establish a more significant presence in Latin America. It is essential to identify the right products and approaches for these markets, as experiences from North America do not always apply elsewhere. Understanding local cultures, laws and regulations is critical. We have succeeded by collaborating with North American companies expanding into regions like Peru and Mexico, often with a local partner. There are numerous opportunities in these mature markets, and to succeed, we must determine how we can contribute to their ongoing success. 

What does the future look like for Redpath Mining?

The future looks promising for Redpath Mining. We are exploring new projects, including the Great Bear project with Kinross and the Windfall project in northern Québec, where they await necessary permits and approvals. Additionally, we are involved in the Resolution project, a JV between Rio Tinto and BHP in Superior, Arizona, where there is optimism about its potential.