DINGO DIGS DEEP FOR OFFSHORE OPPORTUNITIES

Written on the 10 December 2015

DINGO DIGS DEEP FOR OFFSHORE OPPORTUNITIES

SOFTWARE company Dingo is set to unearth growth opportunities in South America as it capitalises on a growing investor appetite for projects in the mining and resources industry.

The region has taken Australia's top spot for investment in the sector ahead of Canada, with 26 per cent of capital directed towards South America according to researcher SNL. There are 293 mining projects underway in the region worth between $290 billion and $316 billion.

Dingo managing director Paul Higgins (pictured) says a number of South American and Mexican companies have pitched partnership deals.

He says Dingo already exports 40 per cent of its products and services overseas and expects to grow this number in coming years.

"These current conditions have challenged us to look beyond our normal markets," Higgins says.

"Latin America has been bumped to the top of the capital investment tree, driven by the demand for copper out of China and we see that as a huge opportunity.

"Australia is seen by this part of the world as a market leader in mining and resources technology, which opens the door for us.

"These markets are undeserved and we are excited about the value we can deliver there."

Dingo develops technology to manage the health and maintenance of heavy equipment, attracting clients in the mining, energy and rail sectors.

Higgins established the Brisbane-based business in 1991, and now manages more than $6 billion worth of assets across the company's offices in the US and Canada.

Following strong interest at Asia Pacific's International Mining Exhibition in Sydney earlier this year, Higgins says the company is exploring opportunities in Africa, Indonesia, China and Europe.

"Despite the current downturn in the Australian industry, we felt the AIMEX conference was well worth attending," he says.

"The numbers were down, but that was a plus for us because it allowed us to stand out. And the companies that were there were there for the long run, so it was quality over quantity.

"This aspect of the changing international market does not create a big challenge for Dingo, because we provide highly specialist products."

 


Latest News

DARK DAYS AHEAD FOR AUSTRALIAN RETAIL AS REPORT FORECASTS MAJOR INDUSTRY ROUT

ALMOST 1,600 retail businesses are at risk of imminent collapse, including 21 major retailers with turnovers of more ...

GOODMAN TAKES PROFIT AND REVENUE DECLINE BUT LOOKS TO CASH IN ON AMAZON'S ARRIVAL

Commercial and industrial property group Goodman (ASX: GMG) has reported underlying full year net profit has dropped ...

REPORTING SEASON WRAP: MONDAY HIGHLIGHTS

* FORTESCUE Metals (ASX: FMG) reported net profit after tax (NPAT) of $2.64 billion for the year to June 30, up fr...

ARIADNE CUTS DEMANDS FOR FOUR ARDENT BOARD SEATS TO TWO AHEAD OF EGM

REBEL shareholders have reduced their demands on embattled theme parks operator Ardent Leisure (ASX: AAD) to give the...

Related News

DARK DAYS AHEAD FOR AUSTRALIAN RETAIL AS REPORT FORECASTS MAJOR INDUSTRY ROUT

ALMOST 1,600 retail businesses are at risk of imminent collapse, including 21 major retailers with turnovers of more ...

REPORTING SEASON WRAP: MONDAY HIGHLIGHTS

* FORTESCUE Metals (ASX: FMG) reported net profit after tax (NPAT) of $2.64 billion for the year to June 30, up fr...

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

AS THE Australian population continues to grow, analysts are predicting what the country is likely to look like wi...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter