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MACA wins three-year contract extension at Ramelius’ Mt Magnet gold mine

Posted on 22 Jul 2020

Contract miner MACA has been given an extension to its contract at Ramelius Resources’ Mt Magnet gold mine, with the ASX-listed company set to continue providing mining services at the Western Australia operation for another three years.

The project extension will consist of open-pit mining services including drilling and blasting, and loading and hauling, MACA said.

It is expected the project extension will generate approximately A$130 million ($93 million) in revenue for MACA over the three-year term.

MACA says its total work in hand position now stands at a healthy A$2.3 billion.

Mike Sutton, MACA CEO and Managing Director, said: “We are pleased to continue our relationship with Ramelius Resources at Mt Magnet for a further three years. The services we provide at Mt Magnet and Edna May for Ramelius make up an important part of MACA’s work in hand in the gold sector.”