Babylon Pump & Power Ltd says its Babylon Operations Pty Ltd subsidiary has secured a contract for the supply of offsite repair services with a branch of Rio Tinto.
The contract, with Rio Tinto Services Ltd, does not provide any commitment or guarantee of revenue, but the Babylon board has deemed this contract to be material.
The contract is for the supply of off-site repair services for pumps and generators for multiple Rio Tinto sites. The contract commences immediately upon signing and has an initial term of three years with a two‐year extension.
“Babylon’s Board is grateful for the confidence Rio Tinto has placed in the company and looks forward to continuing a strong and positive working relationship with Rio Tinto,” it said.