- Write by:
-
Friday, March 26, 2021 - 1:14:29 PM
-
715 Visit
-
Print
Mining News Pro - MACA has secured a hire and maintenance contract with CITIC Pacific Mining Management (CPM) at the Cape Preston Sino iron operation in Western Australia.
The Perth-based mining and construction contractor expects the contract to be worth $200 million over 36 months from April 2021.
MACA chief executive officer Mike Sutton said the contract showed the strength of the company and its ties within the industry.
“MACA is very pleased to continue working with CITIC Pacific Mining at the Sino iron magnetite project, and we value the long-standing relationships we have with our clients at this pioneering megaproject,” Sutton said.
Sutton went on to explain the origins of the contract.
“The current CPM contract was novated from Downer to MACA, following the acquisition of the Mining West business, and its pleasing to have now secured this three-year extension,” he said.
MACA’s $175 million acquisition of Downer’s Mining West business unit in early February included four ongoing Western Australian contracts with Fortescue Metals, CITIC Pacific, Ansteel, and Gold Fields and Gold Road Resources.
Sutton said last month that the acquisition of the Downer unit allowed MACA to roll over 96 per cent of the Mining West workforce.
“The acquisition of the Mining West business will provide MACA with a very meaningful addition of a large-scale mining fleet that is currently engaged four long-life projects, all with quality customers that are well known to me and other key members of MACA’s management team,” Sutton said.
MACA had more than $3 billion in contracts to book as of February 2021.
Short Link:
https://www.miningnews.ir/En/News/611922
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
China’s Zhaojin Mining Industry said on Wednesday that its A$733 million ($477.8 million) offer to buy Australia’s ...
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an ...
Gold’s record-setting rally this year has puzzled market watchers as bullion has roared higher despite headwinds that ...
Australia’s Fortescue on Wednesday logged a larger-than-expected decline in third-quarter iron ore shipments, following ...
Iron ore futures prices ticked lower on Monday, weighed down by diminishing hopes of more stimulus in top consumer ...
AbraSilver Resource said on Monday it has received investments from both Kinross Gold and Central Puerto, Argentina’s ...
Gold took a tumble as haven demand waned after geopolitical tensions eased in the Middle East.
The four largest indigenous communities in Chile’s Atacama salt flat suspended dialogue with state-run copper giant ...
No comments have been posted yet ...