On The Trail of Gold & Oil: Dallas-Based Firm Strikes It Big In Africa And The Middle East

The Gold and Iron Ore Mining Industries are exploding across the emerging markets of Africa. African telecom, healthcare, manufacturing and service industries are off the charts. Indeed, The World Bank statistics are now in and the results are loud and clear: If you haven't already, now is the time to enter the Africa markets. Just take a look at firms such as Arkansas-based Wal-Mart and others, and there is no doubt that a gold rush to supply infrastructure and resources to these rapidly developing regions is on.

Based in Dallas and doing business worldwide, USP&E Global http://www.uspowerco.com/ is one such firm. "In Mid-2010 we were looking for an equipment package that would be guaranteed to meet the urgent energy requirements of our iron ore mining client in Sierra Leone, and there was really only one option for us at the end of the day," said COO Jason Biermeier, referring to their multi-million dollar power station engineering, procurement and construction project with London Mining out of Freetown. "Our power station solution involves utilizing Portable HFO Generators that we built in under 4 months and were able to install in less than 8 weeks," said Biermeier.

Companies like USP&E Global are a part of the leading edge of multinational firms invigorated by a new goldrush of economic activity in Africa and rapidly developing nations such as Iraq and Brazil.

Grand Bassa, Liberia, is a Sub-Saharan Africa power station project that looked to USP&E for help in 2009 and again in 2010. Dr. Romeo Massoud of Grand Bassa said, "The development of Grand Bassa's electrical power sector is a prerequisite for growth in other industries. A consistent power supply will do much to attract foreign investment and entice international companies to establish operations in Liberia." As a specialty provider of diesel power for Grand Bassa, Liberia, we will position ourselves to capitalize on the explosive trend. USP&E is perfectly equipped to assist with this project."

Competing to supply power generation equipment and services to the hundreds of ongoing energy infrastructure projects in the emerging markets, USP&E currently has employees in 5 countries and clients worldwide. USP&E CEO Will Gruver explains his simply philosophy, "We view Africa, South America and Asia as exciting markets, offering huge growth opportunities." One of USP&E's secrets is to always "partner with local established firms that are successful and hire only the best people available" in each emerging market country they enter. This strategy has paid off for them as they posted gains of 300% in gross revenues for 2010.

As the gold and ore mining industries rocket through the stratosphere across Africa and South America, USP&E is positioned to enter the market with used Generators and new portable HFO generators and power plants capable of more than 100mW of power in less than 5 months from start to finish.

Much equipment that is required for the gold mining process can take 18 to 36 months to manufacture. US Power & Environment LLC (USP&E) has shortened that lengthy process to a guaranteed less than 4 months, greatly reducing the barriers of growth for the gold mining industry. With gold prices positioned to outperform recent record highs and rise above $1,500 per ounce in the next 12 months, according to Barrick Gold, the world's largest miner of the precious mutual, this advancement in technology couldn't have come at a better time. Because the processes of engineering, procuring and installing diesel and HFO Generators quickly enough to meet the rising demand has been such a problem in the past, an opportunity for innovative, aggressive and proactive companies has been created. One such company is USP&E, a Dallas-based engineering, procurement and construction company that offers global service and maintenance to Generators in mines and marine applications that are truly unique.

"We can supply 100MW of new generators with 24 month warranties in less than 4 months, guaranteed," said Will Gruver CEO of USP&E. "Our standard installation timeline is only 4 weeks, whereas most of our competitors require 6-12 months. We work worldwide and understand our client's urgent needs. We have solutions that allow clients to be up in the shortest possible timeframe." The gold mining industry is taking notice. Even in a depressed worldwide economy, USP&E's sales are already up over 300 percent in 2010. "With gold at these prices, mining companies desire to double and triple production but just cannot wait 12-36 months for engineering, procurement and construction to be completed." said CEO Will Gruver. "The technology we employ allows operations worldwide in Africa, Asia, South America and Europe to benefit from turnkey Generators in record time."

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/11/09/prwebprweb4674664.DTL#ixzz1CA1LEjvi


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