Tag Archives: MACA

MACA receives contract extension from Regis Resources at Duketon North

MACA has announced the extension of its mining services contract with Regis Resources Ltd at the Duketon North Operations (DNO) in Western Australia, having provided mining services at the project since 2010.

The service offering includes a dedicated workforce of 258 personnel delivering drill & blast, load & haul, plant maintenance and technical services across the Regis open pits in the area.

This extension is expected to generate up to A$50 million ($36 million) per year in revenue for MACA and will utilise the contract miner’s existing fleet on site. DNO continues to run alongside the Duketon South Operations (DSO).

Both parties have signalled their intention to explore conversion of both the DSO and DNO contracts into an amalgamated partnership-style life of mine alliance arrangement post June 2023, MACA said. The asset produced 356,000 oz of gold in the 2021 financial year.

MACA’s work in hand position including this contract is in excess of A$2.6 billion at April 2022.

MACA CEO, Mike Sutton, said: “MACA is delighted to continue its long-standing relationship with Regis at the Duketon North Operation. Our team has a long-standing relationship with Regis and MACA is proud to be an ongoing part of this operation. This project will be undertaken utilising existing fleet and contributes to MACA’s secured mining work in hand in the Goldfields region, ensuring future work continues to consist of a balanced portfolio of commodities.”

MACA to collaborate with Aquirian’s TBS on Collar Keeper developments

Aquirian Ltd’s wholly owned subsidiary, TBS Mining Solutions Pty Ltd, has entered into a binding technology Memorandum of Understanding (MoU) with MACA Mining Pty Ltd, a subsidiary of MACA Ltd, related to collaborating on the development and commercialisation of the Collar Keeper® System.

MACA is an ASX-listed contracting group providing services to the mining and construction industries. It specialises in contract mining and crushing, civil construction and infrastructure maintenance, and mineral processing solutions.

The MoU marks a significant milestone in TBS’ strategy to develop and commercialise its exciting technology, Aquirian said. The support and access to equipment in an operating environment, provided by MACA, is a crucial part of the development, prototyping and testing of the Collar Keeper System.

This patent-pending system is a combination of Aquirian-developed, retrofittable drilling apparatus combined with its existing Collar Keeper. The technology represents a step change in managing blasthole quality and is targeted to provide a unique solution to a range of different blasting environments with global applications, the company said.

Greg Patching, Aquirian Executive Director Business Development & Innovation, said: “We are thrilled to partner with MACA, and it’s exciting to see our technology pathway take another key step forward in terms of development and commercialisation for our customers, their clients and our shareholders.”

The initial focus for the Collar Keeper System will be on mines in Western Australia operating with smaller diameter holes in challenging ground conditions, where high-cost and time-consuming collar piping is traditionally used.

The traditional method of collar piping has not changed in over 40 years and introduces hazards as well as, cost, time and quality issues, and poor blast outcomes for clients, according to Aquirian.

In addition, the poor blasting outcomes lead to further downstream costs in load and haul, and the processing of mined material.

Last month, Aquirian reported it had successfully completed the Stage II prototype trial of Collar Keeper on an existing drill rig operating in a hard-rock gold mining environment in the mid-west of Western Australia. The trial successfully tested fitment to existing drill rigs and delivered marked improvements to drilling rates and drill hole quality, according to the company.

TBS, under the MoU, will be responsible for all design, engineering, testing and management of the Collar Keeper System from development through to commercialisation. It will maintain ownership of all IP associated with the development of the Collar Keeper System and ongoing commercialisation control and management.

MACA, meanwhile, will provide operational and site support to TBS for testing and refinement of the Collar Keeper System from development through to commercialisation. It will also receive Foundation Customer status from TBS for the system, including preferred commercial terms for the system and associated products for a period of three years from the date of commercialisation.

MACA wins 12-month extension at Pilbara Minerals’ Pilgangoora lithium project

MACA Ltd has announced the extension of its mining services contract with Pilbara Minerals for a further 12 months at the Pilgangoora lithium project, in Western Australia, following Pilbara Minerals exercise of its 12-month option.

The Pilgangoora project consists of open-pit mining services including drilling and blasting and loading and hauling, and the extension is expected to generate approximately A$70 million ($51 million) in revenue for MACA over the 12-month term through to November 2022. MACA’s work in hand position as of September 21 is A$3.1 billion, it says.

MACA CEO, Mike Sutton, said “MACA is very pleased to be able to continue working with Pilbara Minerals at the Pilgangoora lithium-tantalum project, having commenced operations on site in 2017. We strongly value the collaborative working relationship established with the Pilbara Minerals team over the previous four years and are proud to be an ongoing part of this project.

“For MACA, this extension secures our strong position in the Pilbara region and also provides continued involvement in the lithium industry.”

MACA Interquip delivers to plan at Capricorn’s Karlawinda gold project

The MACA Interquip team has successfully reached completion of services provided to Capricorn Metals at the Karlawinda gold project in the Pilbara region of Western Australia, the company has confirmed.

MACA Interquip undertook steelwork procurement and SMP (structural, mechanical, and piping) construction services for the 4 Mt/y three-stage crushing plant, grinding and conventional carbon-in-leach plant.

Plant commissioning is now complete and the MACA Interquip team has begun to demobilise from site after a successful job done.

Project Manager, Brett Smith, said the success of this project is a testament to the skillset, dedication and diligence of the MACA Interquip team.

“Construction is complete and now the plant is efficiently up and running and being ramped up to nameplate capacity. As our works came to a close, our teams remained highly committed to delivering a safe work environment and achieved an LTI-free project,” Smith said.

MACA Mining, meanwhile, is carrying out open-pit mining services including drilling & blasting and loading & hauling at the project as part of an agreement the companies signed recently.

Based on a 1.2 Moz reserve, Capricorn envisages a 12-year mine life at Karlawinda, with an annual production target of 110,000-125,000 oz of gold. The company plans to mine a single large, low strip ratio open pit and process it through the carbon-in-leach plant.

Fe Ltd and Big Yellow make plans to mine JWD iron ore project

Fe Limited says it has executed a letter of intent (LOI) with Big Yellow that could see the emerging company become the mining contractor for the JWD iron ore project in the Pilbara of Western Australia.

A full form contract is targeted to be completed within the next 30 days, subject to receipt of necessary environmental approvals and logistic contracts. This LOI, the company says, will enable Big Yellow to allocate the necessary mining fleet and people to the FEL project.

Big Yellow is a new contractor founded by mining executives Brad Gordon (former CEO of Acacia and Intrepid), David Edwards and Mitch Wallace (both ex MACA).

“FEL believes that Big Yellow’s combination of experienced personnel looking to replicate their past success in a new entity is a good fit with FEL’s own aspirations to do the same and looks forward to continuing to work together,” it said.

Following the LOI being executed by both parties, discussions have commenced on works that can be commenced in advance of final environmental approvals being received.

The approvals received to date allow certain clearing and preparatory works to occur at JWD, along with refurbishment of the existing office facilities on site. These early works will allow a faster ramp-up of operations once the remaining approvals and key contracts are secured, FEL claims.

FEL says it has revisited the JWD geological model and mine plan, with opportunities identified for a reduction in the strip ratio and an improved average iron ore head grade. If successfully implemented, this would have a positive impact on its margins through reduced mining costs and improved pricing as a result of higher-grade products than initially expected, it said.

FEL Executive Chairman, Tony Sage, said: “With mining at Wiluna close to commencing, we are pleased to have advised Big Yellow of our intention to appoint them as our mining contractor. We are well advanced with the final approvals and other key contracts and would anticipate being able to update shareholders on these shortly.”

In September, FEL acquired a 51% interest (including operatorship) in the Gold Valley Iron Ore Mining Rights Agreement over the Wiluna West JWD deposit. The JWD project is part of the wider Wiluna West project, owned by GWR Group. It came with a 10.7 Mt resource grading 63.7% Fe using a 55% Fe cutoff.

FEL classes the project as a low capex, direct shipping ore development, which will produce a high-grade (resource average circa-63.7% Fe), low impurity iron ore. A January 2021 presentation claimed the mining and transport of the first 300,000 t of iron ore is required by September under the iron rights agreement.

First Sanjiv Ridge iron ore shipment on its way, Atlas Iron says

Atlas Iron has hauled its first shipment of ore by road to Port Hedland, in Western Australia, from its new Sanjiv Ridge operation in four brand new pink trucks.

After announcing the first ore crushed earlier this month, the Hancock Prospecting owned company reached this new milestone this week.

Some 4-5 Mt/y of iron ore lump and fines is to be hauled by road to the Utah Point stockyard, which will add 5-6 years to the Atlas value chain, the company says. It comes with 64 Mt at 57.2% Fe of mineral resources and 29 Mt at 57% Fe reserves.

Sanjiv Manchanda, Atlas Iron CEO, said: “I’m so proud of our team of Atlas staff and our contracting partners, MGM Bulk, MACA and CSI for working so tirelessly to ensure we surpassed our project targets. It’s always a team effort, and our small team certainly knows how to get things done safely, efficiently and with agility to get a win-win outcome.

“I also take this opportunity to thank our partners MGM Bulk and CSI Mining (a Mineral Resources Ltd subsidiary) who painted their four brand new trucks and crusher, which were used today and for the duration of the project, a striking pink colour in recognition of our Group and Executive Chairman’s commitment to supporting breast cancer research and improving patient care. These pink trucks now add to a large amount of mining infrastructure in the Pilbara now pink, including trains, ships, processing plants, crushers and mining trucks.”

MACA extends contract mining relationship with Ramelius Resources

MACA says it has been awarded an open-pit mining contract from Ramelius Resources for load and haul, and drill and blast services at the Tampia gold project in Western Australia.

Tampia is near Narembeen, 250 km east of Perth, and 148 km by sealed roads from Ramelius’ Edna May gold mine where MACA currently provides contract mining services.

The contract is expected to generate A$95 million ($74 million) in revenue for MACA over a 28-month term, commencing in the June quarter, and will employ around 115 people. MACA says its work in hand position as of February 21 now stands at A$3.4 billion.

MACA’s CEO, Mike Sutton, said: “MACA is very pleased to be awarded this contract at the Tampia gold project, and values the long-standing relationship that we have established with Ramelius since commencing works on the Mt Magnet gold project in 2017, and then the Edna May gold project in 2020.”

The Tampia gold project, which Ramelius consolidated 100% ownership of earlier this year, was the subject of a feasibility study in April 2020. This study focused on the option to haul ore to Ramelius’ Edna May processing facility for production of 186,000 oz of gold from the processing of 2.5 Mt of ore.

MACA expands WA presence with Mining West acquisition

MACA Ltd has completed the acquisition of the Mining West business from Downer EDI Ltd, bringing with it four contracts at long-life mining assets in Western Australia.

The Mining West business currently comprises four contracts at Karara (Ansteel), Eliwana (Fortescue Metals Group), Cape Preston (Citic Pacific) and Gruyere (Gold Fields, Gold Road Resources), with each of the four novating successfully to MACA, taking effect from completion, MACA said.

Additionally, in excess of 96% of the Mining West workforce has accepted employment with MACA, the ASX-listed contractor said.

MACA’s CEO and Managing Director, Mike Sutton, said: “Acquisition of the Mining West business will provide MACA with a very meaningful addition of a large-scale mining fleet that is currently engaged across four long-life projects, all with quality customers that are well known to me and other key members of MACA’s management team.”

This fleet comprises 14 excavators and shovels, 65 dump trucks, 11 surface drills and 36 other ancillary machines.

“With the inclusion of Mining West, MACA now has total contracted work in hand of A$3.3 billion ($2.5 billion) at December 31, 2020, that provides a robust revenue base well past financial year 2025. MACA remains very active with its tendering activities and is well placed to pursue a significant number of opportunities across both current and new projects.”

Downer says it will receive over A$200 million in cash proceeds as a result of the sale.

MACA increases open-pit scale by acquiring Downer EDI’s Mining West business

MACA has entered into a binding agreement to acquire Downer EDI Limited’s Mining West business in a deal that could involve a consideration of A$175 million ($132 million).

Just last week, MACA said it was considering the potential purchase of Downer EDI Limited’s Mining West division as part of a stated plan to explore and pursue growth opportunities that will deliver “value to shareholders on an ongoing basis”.

The Mining West business currently comprises four large contracts at the long-life assets of Karara (Ansteel), Eliwana (Fortescue Metals Group), Cape Preston (CITIC Pacific) and Gruyere (Gold Fields, Gold Road Resources).

MACA’s CEO and Managing Director, Mike Sutton, said the acquisition provided MACA with a very meaningful addition of a large-scale mining fleet currently engaged across these projects. This comprises 14 excavators and shovels, 65 dump trucks, 11 surface drills and 36 other ancillary machines.

The fleet being acquired is currently fully utilised, or in the process of being deployed to projects, with the equipment having mixed life (with machines being on average mid-life). MACA says its due diligence has confirmed the machines are in good working order, having been well maintained by Mining West’s internal plant department.

With the inclusion of Mining West, MACA now has total contracted work in hand of over A$3.4 billion, which provides a robust revenue base well past its 2025 financial year, Sutton added.

MACA eyes up Downer’s Open Cut Mining West division

MACA Ltd, in response to recent media speculation, says it is currently considering the potential purchase of Downer EDI Limited’s Mining West division.

The contractor says such a move for the open-pit mining business is consistent with statements made at its Annual General Meeting in November 2020, which outlined that it continued to explore and pursue growth opportunities that will deliver “value to shareholders on an ongoing basis”. This exploration, it said, may include investments in new businesses or acquisitions where considered appropriate.

MACA added: “The process is ongoing and MACA would only pursue a binding offer to acquire the business if it were to align with its strategy and deliver value for the company’s shareholders.”

Downer has previously announced it is seeking expressions of interest in the various parts of its portfolio of mining businesses.

It has already announced the sale of Downer Blasting Services, the Snowden consulting business and its share of the RTL Mining and Earthworks joint venture, while also stating the company is in active discussions with several interested parties in relation to the rest of its mining portfolio.