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Wagners (ASX:WGN) secures contract renewal with Glencore
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  • Building material company Wagners (WGN) has secured a contract renewal for haulage services with Glencore
  • The contract covers the zinc ore and tailings from the George Fisher and Lady Loretta Mines
  • Under the contract, Wagners will load the ore at mine sites and transport it to the processing facility in Mount Isa
  • On market close for the day, Wagners is down 0.43 per cent and is trading at $2.34 per share

Wagners (WGN) has secured a contract renewal for haulage services with Glencore.

The contract is for the zinc ore and tailings between George Fisher and Lady Loretta Mines and the Mount Isa Mines metal processing facility.

Glencore owns and operates George Fisher and Lady Loretta mines, which are located around 20 kilometres and 140 kilometres, respectively, from Mount Isa, Northern Queensland.

Notably, Glencore has a processing facility in Mount Isa that produces zinc, lead and copper concentrates.

Under the contract, Wagners will load the ore at mine sites and transport it to the processing facility. The haulage services will operate 24 hours a day, seven days a week, using 22 triple and quad road train combinations.

Wagners was able to secure the contract through a successful competitive tender process as it has previously worked for Glencore.

"Wagners are really proud to be able to continue our long-standing relationship with Glencore in the delivery of these integral services for the George Fisher and Lady Loretta mining operations," CEO Cameron Coleman said.

"The employment opportunities that this project provides is significant with over 80 personnel required to deliver the services. We look forward to continuing our contribution toward Glencore’s operations over the next four years and the opportunities that this project and our relationship with Glencore provides
both Wagners, our employees, our local supplier base and the region," he added.

On market close for the day, Wagners is down 0.43 per cent and is trading at $2.34 per share.

WGN by the numbers
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