What Samaras Mining Group does

Samaras Mining Group, formally PITHAGORAS SAMARAS S.A., is a surface mining and earthworks contractor founded in 1979 and headquartered in Athens, Greece. The company delivers extraction, overburden removal, and quarry services to industrial mineral and cement producers, operating at sites including Kamari, Mylaki, and Rekavetsi in Greece and Beni Suef in Egypt. Annual excavation volume exceeds 7 million tons, executed with a fleet of more than 140 heavy equipment units supported by an in-house service capability built over four decades.

The company's customer base is concentrated among major cement and metals producers. TITAN Group has been a continuous client since founding in 1979 and is the anchor relationship across multiple Greek sites; TITAN Egypt was added in 2010 with operations at Beni Suef. Lafarge Holcim has been a client since 2006, and LARCO engaged the company for the Rekavetsi nickel laterite project between 2017 and 2019. Equipment procurement and service have been anchored by a 40+ year relationship with ELTRAK, the Caterpillar dealer for Greece, recognized with the ELTRAK Trusted Partner Award in 2022.

The business model is project-based, contract-driven, and asset-heavy: revenue is generated through long-cycle mining services agreements at fixed sites, with capital tied up in owned heavy equipment and operating leverage driven by fleet utilization and site-level productivity. There is no disclosed AI/ML initiative, software platform, or recurring digital revenue stream; the company's competitive position rests on operational track record, equipment scale, and entrenched client relationships rather than technology differentiation.

Name

Samaras Mining Group

Legal name

PITHAGORAS SAMARAS S.A.

Website

https://samarasmining.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

101–250 employees

Short description

Samaras Mining Group is a Greek surface mining contractor established in 1979, providing extraction and earthworks services with a 140+ equipment fleet to cement and mineral producers across Greece and Egypt.

Ownership category

akta.pro rank

Product category

Contract Mining Services

NAICS

Support Activities for Nonmetallic Minerals (except Fuels) Mining (213115), Support Activities for Mining (213), Support Activities for Metal Mining (213114)

SIC

Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400), Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

Mine Operations Contracting (Open-Pit & Underground Development, Production, Load/Haul) (IMAKAKAD)

akta.pro secondary industries

Contract Crushing, Screening & Materials Handling (In-Pit/ROM, Conveying, Stockpiling) (IMAKAKAH), Rock Excavation, Blasting & Quarry-Assist Works (IMAFAKAE), Mine Site Support Services (Camp/Catering, Security, Fuel & Lubricants, Water, Waste, Roads) (IMAKAKAE)

Keywords

• Surface mining services
• Contract mining
• Limestone quarrying
• Mine development
• Equipment maintenance

Headquarters

HQ city

Athens

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Contract Mining Services: Comprehensive mining operations including mine planning, drilling, blasting, loading, hauling, and disposal. Provides full mine packages rather than individual services.
2. TMR (Total Maintenance & Repair): Contract managing all maintenance and repair costs of clients' equipment for specified periods, including maintenance planning, diagnosis, troubleshooting, and repairs of powertrain, hydraulics, and undercarriage
3. Component Rebuild/Repairs: Critical component breakdown services including cost analysis, repairs, and component rebuilding using genuine CAT and Atlas Copco parts
4. Parts Sales: Identification, purchase and sale of quality spare parts for heavy earthmoving equipment needs

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Samaras Mining Group is a Greek surface mining contractor that provides full-scope extraction services to cement producers and mining companies, including overburden removal, drill and blast, crushing and screening, mine planning and scheduling, mine development, reclamation, component rebuild and repair, and parts sales. Operations are conducted at multiple project sites in Greece and Egypt using a Caterpillar-based heavy equipment fleet.

Product overview

Samaras Mining Group (PITHAGORAS SAMARAS S.A.) operates as a surface mining contractor offering a comprehensive, integrated portfolio of services organized under two main categories: Mining Services and Technical Support. The Mining Services suite includes Contract Mining, Overburden Removal, Drill & Blast, Crushing & Screening, Mine Planning & Scheduling, Mine Development, and Reclamation — providing end-to-end surface mining solutions from initial site development through extraction to environmental restoration. The Technical Support portfolio covers Component Rebuild/Repairs, TMR (Total Maintenance & Repair), and Parts Sales, supporting clients' equipment fleets throughout the mining lifecycle. The company operates multiple long-running quarry projects including Kamari (limestone for TITAN, Attica), Mylaki (limestone for Lafarge Holcim, Evia), Beni Suef (limestone for TITAN Egypt), and Rekavetsi (nickel for LARCO). Originally established in 1979, the company mines limestone, aggregates, and nickel across Greece.

Differentiator

Problem solved

Functional benefit

Products and services

• Contract Mining End-to-end outsourced surface mining execution delivered to industrial cement and mining customers at project sites in Greece and Egypt.
• Overburden Removal Removal of overburden material to expose ore or mineral seams ahead of extraction, performed for cement and mining operators.
• Drill and Blast Drilling and blasting services used to fragment rock at surface mining and quarrying sites for cement and mining customers.
• Crushing and Screening Mechanical processing of extracted material into specified size fractions suitable for downstream cement or mineral processing.
• Mine Planning and Scheduling Engineering services for planning extraction sequences, equipment deployment, and production scheduling at customer mining sites.
• Mine Development Initial site development and infrastructure build-out to prepare greenfield or expansion mining areas for ongoing extraction.
• Reclamation Post-extraction site reclamation and rehabilitation services for industrial mining customers.
• Component Rebuild and Repairs (TMR) Total Maintenance and Repair service covering heavy equipment component rebuilds and repairs to maximize fleet uptime at customer and internal sites.
• Parts Sales Sale of mining and heavy equipment parts to industrial customers operating surface extraction fleets.

Named customers4 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and flagship.

• ELTRAKcoreTechnology or Integration · 27 May 2022ELTRAK is the official Caterpillar dealer for Greece. Samaras Mining has been almost exclusively using CAT machines for their projects since their inception in 1979, developing an excellent long-term relationship. On the company's 40-year anniversary, ELTRAK presented their Trusted Partner Award recognizing the multi-year collaboration and support.
• Lafarge HolcimflagshipStrategic or Co-development PartnerLafarge Holcim partnered with Volvo to test autonomous electric haulers in a limestone quarry. Samaras Mining operates the Mylaki quarry for Lafarge Holcim since 2006. The partnership has included exploration of autonomous equipment technology in cement industry applications.
• TITANflagshipStrategic or Co-development PartnerTITAN is a major cement company. Samaras Mining has operated TITAN's Kamari quarry in Attica since 1979 and won the bid for TITAN Egypt's Beni Suef operation in 2010. The relationship includes full quarry operations, internal material handling, and equipment maintenance.

Scale indicators7 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Thiess: One of the world's largest mining contractors, providing full-service open-cut and underground mining, drill-and-blast, and equipment maintenance - directly comparable business model to Samaras' contract mining and TMR offerings, though at vastly larger scale and broader geographic reach.
• Capital Limited: London-listed mining services contractor specializing in drilling, blasting, and load-and-haul across Africa and other emerging markets. Comparable contract-mining business model to Samaras, but with a stronger focus on African majors.
• Downer EDI: ASX-listed provider of mining services (drill-and-blast, load-and-haul, equipment maintenance) and infrastructure services - comparable surface-mining contracting business to Samaras, supported by its Blight & Gibb/Blades businesses for parts.
• Perenti: Australian-listed diversified mining services group (Barminco, Ausdrill) providing surface and underground drilling, blasting, and equipment maintenance - comparable contractor-economics model to Samaras across multiple mining end-markets.
• NRW Holdings: Australian-listed mining services contractor offering drill-and-blast, load-and-haul, and equipment maintenance across multiple commodities. Closely comparable operational profile to Samaras, with additional civil-construction diversification.
• MAC.A Limited: Australian surface mining contractor providing load-and-haul, drill-and-blast, and crushing services for clients in gold, iron ore, lithium, and aggregates - same full-service mining contracting model as Samaras, just in different commodities and geographies.

Direct peers

• Major Drilling Group International: Global drilling-services contractor specializing in surface and underground drilling for mining and exploration clients - directly comparable drill-and-blast and mineral-resource-development services offered by Samaras' Mylaki/Beni Suef and similar contracts.
• Boart Longyear: Global drilling-services and equipment provider serving mining and exploration customers with surface and underground drilling - comparable technical drilling and supporting services to those Samaras delivers as part of its mine development work.

Regional players

• Terna S.A. Greek construction group operating in infrastructure, energy, and concessions. While primarily a construction contractor rather than a mining contractor, Terna is one of the few large Greek contractors with the heavy-equipment base and earthworks capability relevant to Samaras' drill-and-blast and overburden work.

Others

• Titan Cement Group: Major international cement and building materials producer - included because it is Samaras' anchor client at Kamari and Beni Suef, and any vertical-integration or insourcing decision by Titan would directly impact Samaras' revenue base.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Samaras Mining Group