Barminco secures long term contract

29-Jun-2018 Intellasia | | 8:40 AM Print This Post
Barminco secures long term contract

Leading global hard-rock underground mining services provider Barminco Holdings Limited (Barminco or the Company) is pleased to announce it has been selected as the preferred contractor at the Mt Colin underground copper mine by owner, Round Oak Minerals Pty Ltd.
Under the four-year, approximately A$95 million contract, which includes a one-year option to extend it to five years, Barminco will provide the full suite of underground mining services including mine development and production.
The Mt Colin copper project is located between Cloncurry and Mt Isa in north-west Queensland. Barminco will employ approximately 65 staff at the project, with mobilisation already underway ahead of works anticipated to start next month.
Barminco Chief Executive Officer Paul Muller said the contract added to the strong platform of projects being delivered across the business.
“We look forward to working closely with the Round Oak team as the Mt Colin mine heads into underground production after open-cut mining ended in 2015,” Mr Muller said.
“This long-term contract adds to our presence in north-west Queensland, having operated at the nearby Dugald River zinc project for more than six years.
“It also comes at a time when we are seeing a significant increase in tendering activity for hard-rock underground mining both here in Australia and overseas.
“Resources companies are increasingly demanding service providers who can reliably deliver safe, innovative and productive underground mining services. Our deep capability in people, equipment, systems, processes and expertise developed over three decades of national and international experience leaves us well placed to deliver value for mine owners.”
About Barminco
Barminco’s business was established in 1989 and operates gold and base metal mines for customers in Australia, India and Africa. Barminco offers a full suite of underground mining services from mine development to production and underground diamond drilling. Barminco’s joint venture with Ausdrill, African Underground Mining Services (AUMS), operate mines in west Africa and Tanzania. Together Barminco and AUMS are one of the world’s largest hard-rock underground mining services, focused on creating value for mine owners.
For more information please contact:
Adrian Watson
FTI Consulting
P: 08 9485 8888
M: 0419 040 807
E: [email protected]


Category: FinanceAsia

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