Image sourced ShutterStock
Market Herald logo


Be the first with the news that moves the market
  • Pacific Energy has signed a new contract with Round Oak Minerals to supply electricity to the Jaguar copper and zinc mine
  • The company will purchase the power station for $2.5 million
  • The power station is now contracted to a capacity of 367MW

Pacific Energy has signed a new contract with explorer Round Oak Minerals to supply electricity to Jaguar copper zinc mine.

Pacific Energy subsidiary KPS Australia will acquire the existing 12.9MW power station for $2.5 million.

The acquisition and contract commencement is expected to be completed in August and KPS will have immediate responsibility of the power station.

The power station is now contracted to a capacity of 367MW meaning more power at the mine.

Within five months, KPS will have to complete a range of work that Round Oak wants to be improved. This includes fuel efficiency, optimising control systems and reaching higher KPI’s (key performance indicator) for station reliability.

The contract will run for four years but Round Oak will have an option to extend for a further term.

The Jaguar mine is approximately 250 kilometres north of Kalgoorlie in Western Australia and was brought into production in 2007. Round Oak purchased the mine and power station in 2018.

Round Oak minerals is a base metals and precious metals producer to several Australian based mining and processing operations.

Pacific Energy is an energy supply business that deliver low-cost ‘off-grid’ power supply to the Australian resource sector.

Pacific Managing Director, James Cullen is happy with the contract.

“We are grateful for the confidence that Round Oak has placed in KPS to take over full responsibility for power supply to the Jaguar site,” he said.

PEA by the numbers
More From The Market Herald
ALS (ASX:ALQ) - Managing Director & CEO, Raj Naran

" ALS (ASX:ALQ) acquires MinAnalytical for $39m

Global testing, inspection and certification business ALS (ASX:ALQ) has acquired MinAnalytical for $39 million.
SRG Global (ASX:SRG) - Managing Director, David Macgeorge

" SRG Global (ASX:SRG) wins $95m contract with Alcoa

SRG Global (ASX:SRG) has won a $95 million civil maintenance term contract with aluminium company Alcoa.
Kleos Space (ASX:KSS) - Chair, Peter Round

" Kleos Space (ASX:KSS) nominates experienced executive as Independent Non-Executive Director

Kleos Space (ASX:KSS) has nominated highly experienced space industry executive Dawn Harms as an Independent Non-Executive…

" FBR (ASX:FBR) secures financing from FC Capital

FBR (ASX:FBR) has entered a research and development (R&D) tax loan facility with FC Capital.