SSH Group Raises $2.53m from Xinhai, Secures 15.5% Stake

A Transformational Partnership

SSH Group Ltd (ASX – SSH) has announced a significant strategic equity placement, securing $2.53 million from Hong Kong Xinhai Mining Services Limited and its Australian subsidiary. This investment, representing 15.5% of SSH’s post-placement capital, signals a major shift in SSH’s growth trajectory, aligning the company with one of the world’s most advanced mining engineering and services providers.

Xinhai’s global footprint spans over 2,000 mines in more than 100 countries, bringing deep technical expertise and a proven track record in engineering, procurement, construction, management, and operation (EPC+M+O) of mining projects. The partnership promises to elevate SSH’s capabilities beyond its established domestic mining services role.

Combining Strengths for Vertical Integration

SSH’s unique “Hire | Mine | Own” operating model, which integrates workforce hire, equipment deployment, and mine ownership, now gains a powerful complement in Xinhai’s EPC+M+O framework. This fusion enables SSH to offer end-to-end mining and processing solutions, from resource definition through to full-scale production and processing facilities.

Such vertical integration is rare in the Australian mining sector and positions SSH as a turnkey provider capable of managing complex projects under a single coordinated structure. The financial backing from Xinhai also provides SSH with the capital to aggressively pursue advanced precious and base metal projects, expanding its operational footprint and technical capacity.

Governance and Strategic Alignment

As part of the deal, Xinhai will appoint Mr Zhang Zhongyi to SSH’s board, ensuring direct strategic alignment and strengthening cross-border governance. This move is expected to bring valuable international mining expertise and corporate experience to SSH’s leadership, supporting its ambitious growth plans.

SSH’s Managing Director, Daniel Cowley-Copper, described the partnership as a “resounding endorsement” of SSH’s capabilities and future direction, while Zhang Zhongyi emphasized the shared vision to set new benchmarks in safety, efficiency, and sustainability within the mining industry.

Looking Ahead

The placement shares were issued at a slight premium to recent trading prices, reflecting investor confidence. Additionally, SSH plans to issue unlisted options exercisable at $0.25, subject to shareholder approval at the upcoming Annual General Meeting. This structure aligns long-term value creation between SSH and Xinhai.

With this strategic investment, SSH is poised to accelerate its transformation into a vertically integrated mining and processing platform with global partnerships and enhanced capital strength. The market will be watching closely to see how this alliance translates into operational milestones and project execution in the coming months.