GENERAL Electric subsidiary GE Mining has finalised a $700million purchase of mining company provider Industrea Ltd.
Industrea has businesses at Thornton, Rutherford and Mount Thorley as well as outlets in Queensland.
Industrea has more than 230 employees in the Hunter from a workforce of 700 across Australia and China.
GE executives are at Thornton today for an official handover ceremony.
GE Mining chief executive Geoff Knox said demand for resources would continue.