Progress Mining - Undercarriage Solutions
Progress Mining designs and manufactures aftermarket undercarriage components (track shoes, rollers, idlers, sprockets) for mining hydraulic excavators and electric shovels, offering OEM-interchangeable parts with complimentary Condition Monitoring Service to global mining operators including Glencore, Peabody, and Thiess.
- Company typePrivate
- Founded2018
- HeadquartersNewcastle, Australia
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Progress Mining - Undercarriage Solutions does
Progress Mining - Undercarriage Solutions designs and manufactures aftermarket undercarriage components for heavy mining equipment, specifically hydraulic excavators and electric shovels used in surface and open-pit mining operations. Founded in 2020 by Luke Lawry in Sydney, Australia, the company offers OEM-interchangeable track shoe assemblies, roller assemblies, idler assemblies, and drive sprockets for Caterpillar, Hitachi, Komatsu, Liebherr, and P&H platforms, with proprietary design differentiators including a slip-fit master pin for link system track belts, horizontal retaining pin load rollers, and bolt-on track guide wear plates. All components are designed in Australia using 3D modeling and casting simulation software, then produced in an ISO9001:2015-certified European factory equipped with six induction furnaces (40,000 tons/year liquid metal capacity), heat treatment, CNC machining, and induction hardening capabilities.
The company's revenue model is built on quote-based B2B hardware sales of undercarriage components and complete assemblies, with multi-year enterprise contracts negotiated through regional sales managers and a global network of 26 distributors. Every purchase includes a complimentary Condition Monitoring Service in which trained technicians conduct periodic on-site inspections using platform-specific gauges, generating wear reports that drive customer engagement, repeat orders, and product improvements. The customer base includes major mining operators and contractors such as Glencore, Peabody, Thiess, Yancoal Australia, Macmahon, OceanaGold, and GEITA Gold, with documented performance outcomes including 28,000+ hours of track and sprocket life on Hitachi EX5600 installations and 16,000+ failure-free hours on Caterpillar 6050 idlers and track shoes. By 2025 the company had grown from a single fitment in 2021 to 134 machine installations across 60 mine sites in 14 countries.
Progress Mining - Undercarriage Solutions firmographics
Firmographics- Name
- Progress Mining - Undercarriage Solutions
- Legal name
- Progress Mining Pty Ltd
- Website
- https://progressmining.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Progress Mining designs and manufactures aftermarket undercarriage components (track shoes, rollers, idlers, sprockets) for mining hydraulic excavators and electric shovels, offering OEM-interchangeable parts with complimentary Condition Monitoring Service to global mining operators including Glencore, Peabody, and Thiess.
- Ownership category
- akta.pro rank
Progress Mining - Undercarriage Solutions industry classification
Industry- Product category
- Mining Undercarriage Components
- NAICS
- Mining Machinery and Equipment Manufacturing (333131), Agriculture, Construction, and Mining Machinery Manufacturing (3331)
- SIC
- Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Wholesale-Construction & Mining (No Petro) Machinery & Equip (5082)
- akta.pro primary industry
- Wear Parts & Consumables (GET, Liners, Drill Bits, Grinding Media) (IMAKANAH)
- akta.pro secondary industry
- Surface Mining Equipment (Excavators, Shovels, Draglines, Dozers) (IMAKANAA)
Keywords
Where Progress Mining - Undercarriage Solutions is headquartered
LocationHeadquarters
- HQ city
- Newcastle
- HQ country
- Australia
- HQ region
- Oceania
Offices5 records
Markets served
Progress Mining - Undercarriage Solutions business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Undercarriage Component Sales: Progress Mining generates revenue primarily through the sale of undercarriage components including track shoe assemblies, roller assemblies, idler assemblies, and drive sprockets. Components are sold as individual parts or complete undercarriage solutions. The company offers OEM-equivalent components with interchangeability for Caterpillar, Hitachi, Komatsu, Liebherr, and P&H platforms.
- Condition Monitoring Service: Condition Monitoring Service is included with every purchase at no additional cost. This service provides periodic on-site inspections, generates wear reports, and helps customers plan maintenance schedules. While provided free, it drives customer loyalty, repeat purchases, and identifies upgrade opportunities.
- Emergency Spares: Progress Mining provides emergency spares from local stock, helping minimize machine downtime. In 2025, they provided 1,300 emergency spares across their customer base.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | B2B enterprise pricing - custom quotes |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels8 records
Progress Mining - Undercarriage Solutions product offering
Product offeringCore offering
Progress Mining designs and manufactures mining-class undercarriage components (track shoe assemblies, roller assemblies, idler assemblies, drive sprockets) for hydraulic excavators and electric shovels used in surface/open-pit mines. Components are designed in Australia and manufactured in an ISO9001 certified European factory, with every purchase including a complimentary Condition Monitoring Service.
Product overview
Progress Mining offers a comprehensive range of undercarriage solutions for the mining industry, comprising three core product lines: Hydraulic Excavator Platforms (for Caterpillar, Hitachi, Komatsu, and Liebherr machines), Electric Shovel Platforms (for Caterpillar and P&H machines), and Link System Hydraulic Excavator Platforms (for 200-ton class machines from Hitachi, Komatsu, and Liebherr). All products fall under the 'Series 1' brand and are designed in Australia with manufacturing in an ISO9001 certified European factory. The portfolio includes critical undercarriage components (track shoes, roller assemblies, idler assemblies, drive sprockets) and specialized offerings like the innovative slip-fit master pin design for link systems. Every purchase includes complimentary Condition Monitoring Service for ongoing component wear tracking.
Differentiator
Problem solved
Functional benefit
Products and services
- Series 1 Hydraulic Excavator Undercarriage Range
Quantifiable outcome
- Components achieve 28,000+ hours of operation (e.g., Hitachi EX5600 tracks and sprockets)
- +5 more outcomes
Companies that use Progress Mining - Undercarriage Solutions
Customer profileNamed customers15 records
Segments2 records
Ideal customer profiles2 records
Progress Mining - Undercarriage Solutions technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Progress Mining - Undercarriage Solutions partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- 26 Global Distributors and Sales RepresentativescoreProgress Mining has established a global network of 26 Sales Representatives and Distributors to serve customers worldwide. Distribution spans North America (5), South America (3), Africa (13), Australasia (4), and Europe (1). This network enables local support, rapid response, and emergency spares availability across all major mining regions.
Scale indicators11 records
Recent moves8 records
Expansion highlights5 records
Progress Mining - Undercarriage Solutions competitors and assessment
Company assessmentDirect peers
- Berco (thyssenkrupp): Berco is a long-established global manufacturer of undercarriage components (track shoes, rollers, idlers, sprockets) for mining and construction equipment. It is the most direct peer to Progress Mining in product scope, customer base and OEM platform coverage, and operates at much larger scale as part of thyssenkrupp.
- ITM (Italian Track Manufacturer): ITM designs and produces undercarriage components for crawler cranes, excavators and mining equipment. Like Progress Mining it is an independent aftermarket specialist focused on undercarriage wear parts with global distribution and OEM-interchangeable products.
- Bradken: Bradken is a major manufacturer of mining wear parts and capital consumables, including undercarriage components. It serves many of the same surface mining customers as Progress Mining and competes on similar product categories (GET, liners, track components).
- Hensley Industries: Hensley (a Komatsu group company) manufactures mining wear parts including ground engaging tools and undercarriage consumables. It is a comparable wear-parts aftermarket specialist with deep integration into a major OEM customer base.
Broad incumbents
- Caterpillar: Caterpillar is the dominant OEM for mining hydraulic excavators and electric shovels and also supplies OEM and Cat Reman undercarriage parts. Progress Mining directly competes with Caterpillar on aftermarket undercarriage for Cat machines at customer sites such as the Powder River Basin and South African coal mines.
- Hitachi Construction Machinery: Hitachi supplies the EX2600, EX3600, EX5600 and EX8000 excavators that form Progress Mining's largest installed platform (47 of 134 installations). Hitachi offers genuine undercarriage parts and competes head-to-head with Progress Mining's aftermarket replacements for these machines.
- Komatsu: Komatsu manufactures mining hydraulic excavators and offers OEM undercarriage parts and the Hensley Industries wear parts range. Progress Mining supplies Komatsu-compatible undercarriage and competes with Komatsu's parts business.
- Liebherr: Liebherr produces the R9200, R9600 and R996B mining excavators targeted by Progress Mining's 2026 platform launches. Liebherr's OEM undercarriage business competes directly with Progress Mining's aftermarket offerings, including the bolt-on track guide wear plates for the R996B.
- Atlas Copco (Epiroc): Epiroc supplies mining and infrastructure equipment including consumables and wear parts for surface mining operations. While broader than undercarriage, it competes for mining maintenance budgets and serves many of the same global mining customers as Progress Mining.
Emerging players
- Dalian Xinfeng: Dalian Xinfeng is a Chinese manufacturer of undercarriage components for excavators and mining equipment. It competes with Progress Mining primarily on price in the aftermarket and represents the low-cost supply threat that Progress Mining differentiates against on quality and condition monitoring.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Progress Mining - Undercarriage Solutions social profiles
Digital presenceProgress Mining - Undercarriage Solutions compliance and trust
Trust signalCompliance1 record
Progress Mining - Undercarriage Solutions financial estimates
Financial estimateRevenue estimate
Valuation estimate
Progress Mining - Undercarriage Solutions leadership team
Management profileNumber of profiles
Profiles6 records
Progress Mining - Undercarriage Solutions funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Progress Mining - Undercarriage Solutions M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Progress Mining - Undercarriage Solutions
What does Progress Mining - Undercarriage Solutions do?
Progress Mining designs and manufactures mining-class undercarriage components (track shoe assemblies, roller assemblies, idler assemblies, drive sprockets) for hydraulic excavators and electric shovels used in surface/open-pit mines. Components are designed in Australia and manufactured in an ISO9001 certified European factory, with every purchase including a complimentary Condition Monitoring Service.
Is Progress Mining - Undercarriage Solutions a public or private company?
Progress Mining - Undercarriage Solutions is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Progress Mining - Undercarriage Solutions founded?
Progress Mining - Undercarriage Solutions was founded in 2018. It employs 1 to 10 people.
Where is Progress Mining - Undercarriage Solutions based?
Progress Mining - Undercarriage Solutions is headquartered in Newcastle, Australia, in the Oceania region.
How does Progress Mining - Undercarriage Solutions make money?
Three revenue lines are on record. Undercarriage Component Sales are the primary driver. The others are condition Monitoring Service and emergency Spares.
Who are Progress Mining - Undercarriage Solutions's main competitors?
Direct peers on record are Berco (thyssenkrupp), ITM (Italian Track Manufacturer), Bradken and Hensley Industries. Broad incumbents are Caterpillar, Hitachi Construction Machinery, Komatsu, Liebherr and Atlas Copco (Epiroc). Dalian Xinfeng is listed as an emerging player.
Does Progress Mining - Undercarriage Solutions have an API?
No public API is recorded for Progress Mining - Undercarriage Solutions.
What industry is Progress Mining - Undercarriage Solutions in?
Progress Mining - Undercarriage Solutions's product category is Mining Undercarriage Components. Its primary akta.pro industry code is IMAKANAH, Wear Parts & Consumables (GET, Liners, Drill Bits, Grinding Media), with a secondary code of IMAKANAA, Surface Mining Equipment (Excavators, Shovels, Draglines, Dozers). Its NAICS code is 333131 and its SIC code is 3532.