Industrea Mining Services has signed an extension contract by for the hire, service and support of a range of equipment to CST Minerals’ Lady Annie mine worth approximately A$26.9 million in revenue based on minimum contracted hours up to February 2014. Industrea Managing Director and CEO, Robin Levison, said the extension related to its existing equipment used at the site. “Our initial engagement commenced in August 2010 and has now been renewed out to February 2014. We enjoy a good working relationship with CST Minerals and are delighted to continue providing equipment as part of the Lady Annie expanding copper production targets for the next two years”, Levison said.
“CST Mining’s Lady Annie copper mine is situated approximately 120 kilometres north west of Mt Isa. Mt Isa was the place where the Industrea Mining Services business was founded and remains a key part of our operations despite our diversification of revenue base by customer, commodity and geography.” “CST minerals is currently targeting production of approximately 24,000 t of LME A grade copper cathode in 2011 expanding to a range of 28,000 to 30,000 t in 2012.”