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  • MACA (MLD) awarded a Roy Hill Iron Ore mining services contract which is expected to generate revenue of $70 million
  • Under the 12-month contract starting early next year, MACA will provide open pit mining services at the Roy Hill project located in the Pilbara region of WA
  • With this contract secured, MACA says its work in hand position is $3 billion
  • The company started civil works at the project earlier this year and says it is proud to be an ongoing part of this operation
  • Shares have been trading 1.6 per cent higher at 78.3 cents

MACA (MLD) has been awarded a Roy Hill Iron Ore mining services contract which is expected to bring in revenue of $70 million.

The Roy Hill iron ore operation is majority-owned by Gina Rinehart’s Hancock prospecting with a 70 per cent interest. The Japanese company, Marubeni Corporation holds 15 per cent, South Korea’s POSCO has a 12.5 per cent stake and China Steel Corporation has 2.5 per cent.

Earlier this year MLD started civil works at the project and the company said it is very pleased to continue working with Roy Hill.

The project consists of open-pit mining services and over the 12-month contract, which is set to commence in early 2022, MACA will use its existing fleet and expects to bring in revenue of $70 million.

With this contract secured, MLD reports that its work in hand position is currently $3 billion.

According to MACA CEO Mike Sutton the team has a long-standing relationship with Roy Hill, starting with first mining at the Roy Hill project, and is proud to be an ongoing part of this operation.

“This project will be undertaken utilising existing fleet, contributes to MACA’s secured mining work in hand for FY22 and FY23 and further secures our strong position in the Pilbara region,” he said.

Shares were trading 1.6 per cent higher at 78.3 cents at 12:05 pm AEDT.

MLD by the numbers
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