- Write by:
-
Monday, February 22, 2021 - 11:53:47 AM
-
605 Visit
-
Print
Mining News Pro - MACA is set to secure a three year project extension at CITIC Pacific Mining’s Sino Iron operation at Cape Preston in Western Australia.
The Cape Preston contract was derived from Mining West, part of Downer’s mining division that MACA acquired in December last year.
According to MACA, the final contract award is subject to finalisation.
MACA also sees growth potential at the sites of the other Western Australia-based clients that previously dealt with Mining West.
This includes Ansteel’s Karara iron ore project, Gold Fields and Gold Road Resources’ Gruyere gold joint venture project and Fortescue Metals Group’s Eliwana iron ore project.
Downer’s Mining West business unit was acquired by MACA for $175 million.
The deal adds 126 items of mobile plant to the company’s fleet, with around 98 per cent of Mining West employees retaining their jobs with MACA.
MACA is expecting improved performance to continue into this year, after securing over $3 billion in contracts in December.
This will be spearheaded by activity across the gold and iron ore sectors, which is expected to bolster MACA’s future business opportunities.
MACA’s revenue guidance for the 2021 financial year is anticipated to exceeded $1.05 billion, most of which has been secured in contracts.
Short Link:
https://www.miningnews.ir/En/News/611526
The four largest indigenous communities in Chile’s Atacama salt flat suspended dialogue with state-run copper giant ...
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
Representatives from the Peñas Negras Indigenous community, in northwestern Argentina, clashed with heavily armed police ...
Iron ore futures prices drifted higher on Thursday as the latest soft data from top consumer China triggered renewed ...
Vitol Group confirmed that it’s starting to rebuild a trading book for metals after a long stint out of the market, with ...
Newmont confirmed on Wednesday that two members of its workforce died this week at the Cerro Negro mine located in the ...
Chinese investors are snapping up stocks tied to high-flying metals from copper to gold, aiding an onshore market facing ...
Outflows from global physically backed gold exchange traded funds (ETFs) continued for a 10th month in March, but at a ...
i-80 Gold fell by over 11% at market open Tuesday following its announcement of a C$100 million ($74m) public offering ...
No comments have been posted yet ...