Tag Archives: Barren Lands

MLG Oz’s integrated operating model to be tested at Gold Fields sites

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Gold Fields has formally awarded the provision of site services and haulage at its Granny Smith underground gold mine, and open-pit mining services at St Ives for the Swiftsure deposit, to MLG, the mining services provider says.

The letter of award from Gold Fields is subject to both parties reaching agreement on formal terms.

Along with these new opportunities, MLG has also successfully extended its contractual arrangements to support Gold Fields’ Agnew site in a planned cut back of its Barren Lands open pit.

The Granny Smith contract is for a three-year term with an option to extend for another two years, with the contract expected to contribute some A$9 million ($5.9 million) in additional revenue in MLG’s 2024 financial year.

The Swiftsure open-pit mining services at St Ives comes with projected revenue of circa-A$20 million, with the project comprising a single open-pit gold mine incorporating load and haul services. The initial project is expected to be completed in eight months, starting in January.

The planned cut-back of the Barren Lands open pit at Agnew involves supplying the necessary mining equipment to execute drill and blast and load and haul activities, with the works having commenced in November 2023 and expected to continue through to March 2024.

MLG founder, Managing Director and majority shareholder, Murray Leahy, said: “We are delighted to expand our integrated services model across Gold Fields’ portfolio and to bring our site services expertise to their Granny Smith operations. MLG can now provide a consistent approach across all of Gold Fields’ Australian mine sites. In addition, the award of the open-pit mining scope of works at the Swiftsure deposit at St Ives, and the extension of works at the Barren Lands open pit operation at Agnew, acknowledges the breadth of service and overall capabilities across MLG’s integrated operating model.”

MLG Oz work rewarded with bigger remit at Gold Fields’ Agnew, St Ives operations

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MLG Oz says it has been awarded the Barren Lands open-pit mining project assisting the Gold Fields Limited group of companies in the establishment of a new mine at its Agnew operations in Western Australia.

Along with this new scope of works, MLG says it has successfully extended its contractual arrangements to continue to supply integrated site service and haulage support to both the St Ives gold mine and at the Agnew gold mine for a further three years.

At Barren Lands, the open-pit mining contract award with Gold Fields will see MLG Oz develop a new pit through the provision of heavy earthworks. Included within this is a Liebherr 9150 excavator (pictured). The contract is expected to contribute approximately A$15 million in revenue in the 2023 financial year with contractual terms in line with contracts of this nature.

Gold Fields has previously stated that the development of the Barren Lands open pit provides access to potential Barren Lands underground & decline access to Zone 2 and exploration access at the Agnew gold mine.

The renewal and extension of contracts with Gold Fields, meanwhile, will see MLG’s current Agnew operations continue, with the term extended for a minimum three-year period with an additional optional extension period of two years at Gold Fields’ discretion. This award extends MLG’s delivery of integrated site services and haulage activities to Gold Fields’ Agnew operation out to 16 years.

At St Ives, the contract term has been extended for a minimum three-year period with an additional optional extension period of two years at Gold Fields’ discretion. This will extends MLG’s delivery of integrated site services and haulage activities to Gold Fields’ St Ives operation out to nine years.

MLG Founder, Managing Director and majority shareholder, Murray Leahy, said: “The award of the Barren Lands open-pit mining project demonstrates confidence in MLG’s ability to leverage our integrated service offering to drive value for our client base. The addition of open-pit mining, in conjunction with our current integrated service platform, allows MLG’s customer base the opportunity to single source the complete supply chain in an efficient and optimised way. We look forward to integrating the Barren Lands mining project into our wider Agnew operations delivering value for our key client whilst also building growth for our shareholders in one of MLG’s well established long term operations.”