Name

Cementation Contract Mining / Цементэйшн Контракт Майнинг

Legal name

Cementation Company Limited

Website

https://en.cementation.com

Company type

Private

Founded year

1919

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

North Bay

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain

Revenue model

1. Contract Mining Services: Project-based underground mine contracting and engineering services including shaft sinking, mine development, underground construction, raise boring, and related services. Revenue is generated through long-term project contracts with mining companies worldwide.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Cementation Contract Mining delivers underground mine contracting and engineering services for mining operators, including shaft sinking, mine development, underground construction, raise boring, design engineering, engineering studies, mechanized raising, and project services such as hoisting. The Mongolia entity executes these specialized underground services for clients in resource-producing regions.

Product overview

Cementation Americas is an underground mine contracting and engineering company providing a unified portfolio of specialized mining services. The core offerings include shaft sinking, mine development (lateral and ramp development), underground construction, raise boring, design engineering, engineering studies, contract mining, mechanized raising, and project services & hoisting. These services are delivered through the parent company brand alongside two subsidiaries: Merit Consultants International (engineering consulting) and Terra Nova Technologies (TNT, technology services). The portfolio is structured as integrated service lines rather than a software platform, with subsidiaries providing complementary specialized capabilities to the underground mining contracting business.

Differentiator

Problem solved

Functional benefit

Products and services

• Shaft Sinking Specialized sinking of vertical and inclined shafts for underground mines, covering deep shaft design and execution for mining operators undertaking new or expanded underground operations.
• Raise Boring Mechanized raise boring services for ventilation raises, ore passes, and other vertical openings in underground mines, provided to mining operators with appropriate ground conditions.
• Mechanized Raising Mechanized raising services for creating vertical or steeply inclined openings in underground mines, complementing raise boring for diverse ground and project conditions.
• Mine Development Underground mine development services including lateral development, drift, and ramp construction to prepare ore bodies for production, targeted at mining operators at the start of underground extraction.
• Underground Mine Construction Underground construction services for permanent and temporary mine infrastructure, including stations, chambers, and supporting excavations required by operating mines.
• Contract Mining End-to-end contract mining services where Cementation provides the workforce, equipment, and management to execute defined underground mining scopes for the mine owner.
• Design Engineering Engineering design services for underground mine layouts, shaft systems, and raise boring setups, supporting both internal execution and external client projects.
• Engineering Studies Front-end engineering and feasibility studies for underground mining projects, including shaft, development, and raise boring scopes, sold to mining operators and developers.
• Project Services & Hoisting Project management, site services, and hoisting system support for underground mines, including the provision and operation of hoisting equipment associated with shaft sinking and production hoisting.

Quantifiable outcome

• Completed significant underground development from 2019-2023 equivalent to distance from Brussels to Paris
• +2 more outcomes

Named customers2 records

Segments1 record

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

Two partnerships are on record, tiered core.

• Merit Consultants InternationalcoreOthersMerit Consultants International is part of the Cementation Americas group, providing additional consulting services within the mining sector. They share the same corporate footer and recruitment portal.
• Terra Nova Technologies (TNT)coreOthersTerra Nova Technologies (TNT) is part of the Cementation Americas group, appearing alongside Merit Consultants and Cementation in the corporate footer. TNT has its own employment portal linked from Cementation's careers page.

Scale indicators4 records

Expansion highlights4 records

Direct peers

• Barminco (Perenti): Underground mining services arm of Perenti Global, delivering hard rock underground mining, raise boring and mine development for mining majors globally. Direct competitor in the underground mine contracting segment where Cementation competes.
• Boart Longyear: Global drilling, raise boring and underground mining services provider serving major mining operators. Overlaps with Cementation in raise boring, underground drilling support and mine development services.
• Byrnecut: One of the world's largest dedicated underground mining contractors, providing mine development, production, raise boring and shaft sinking services. Closely comparable business model and service mix to Cementation's underground contracting portfolio.
• Mastermyne Group: Australian underground mining services provider focused on mine development, production and infrastructure services. Comparable in customer base (coal and metal miners) and project-based contracting model to Cementation.
• Macmahon Holdings: Australia-listed contractor providing underground and surface mining services including mine development and production. Comparable contract mining business model with overlap in underground service lines.
• DMC Mining Services: Specialist shaft sinking, raise boring and underground construction contractor serving global mining clients. Highly comparable niche focus and capability stack to Cementation's signature shaft sinking and raise boring services.
• Redpath Mining: Canada-headquartered underground mine contracting specialist offering shaft sinking, raise boring, mine development and construction. Direct competitor to Cementation across virtually all of Cementation's core service lines and geographies.
• RUC Cementation Mining: Australian underground mining contractor that traces its brand to the original Cementation Company. Offers shaft sinking, raise boring and mine development services to a comparable customer base, making it a uniquely direct peer given the shared Cementation heritage.

Broad incumbents

• Murray & Roberts Holdings: Diversified engineering and mining contractor historically tied to underground mining platforms (including RUC Cementation). Comparable in underground mining contracting, but operates as a much larger diversified group.
• Thiess (CIMIC Group): Diversified mining services arm of CIMIC Group providing open-cut and underground mining, mine development and rehabilitation globally. Larger incumbent with broader portfolio that overlaps Cementation in underground contract mining.

Market position

Strengths5 records

Weaknesses5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCTfvxr3fyg0BStkq0tInybA
• Facebookfacebook.com/cementation
• LinkedInlinkedin.com/company/cementation-contract-mining-%D1%86%D0%B5%D0%BC%D0%B5%D0%BD%D1%82%D1%8D%D0%B9%D1%88%D0%BD-%D0%BA%D0%BE%D0%BD%D1%82%D1%80%D0%B0%D0%BA%D1%82-%D0%BC%D0%B0%D0%B9%D0%BD%D0%B8%D0%BD%D0%B3

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

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 Cementation Contract Mining / Цементэйшн Контракт Майнинг