Global giant General Electric (GE) has announced the opening of its newest arm, GE Mining, to be headquartered in Brisbane.

 

GE Mining will oversea the operations of its newly acquired Fairchild International assets, which manufacture underground mining equipment, and is finalising the acquisition of Industra Limited.

 

GE has announced the appointment of Geoff Knox as CEO of it’s mining arm.

 

“The continuing urbanisation and growth in energy demand in the emerging economies bodes well for the long-term future of the global mining industry,” Mr Knox said.

 

 

“With mine operators rebalancing their investments to get more out of their existing assets, GE’s global mining business is well positioned to add value. We can help them maximize output through more efficient movement of their products, generate and distribute power more efficiently, and address their water management challenges.”

 

The creation of GE Mining forms part of the company’s $60 billion push into world mining equipment and energy markets.

 

 

Queensland Deputy Premier and Minister for State Development, Infrastructure and Planning Jeff Seeney welcomed the announcement and said the company’s decision to locate in Brisbane was a vote of confidence in Queensland.