Collapsed Brierty loses contracts

BUCKLED mining services provider Brierty has lost two major contracts totalling $330 million, after it was placed into administration in early September due to market uncertainty and an inability to generate profits.

Rio Tinto terminated a $300m, 4.5 year mining contract awarded to Brierty in 2014 at its Western Turnery Syncline project in the WA Pilbara.

A $30m contract for 30 months’ worth of mining services at Newmont’s Boddington gold project was also cancelled.

Rio had suspended the contract in June to address safety concerns, however allowed Brierty to resume work four weeks later.

Brierty said it would work with Rio to agree upon a mutually suitable outcome in relation to the handover of works, and was grateful for the miner’s support in arranging flights and making its employee assistance program available for Brierty personnel.

Image: Newmont Mining Corporation. Brierty’s $30m Boddington contract has been terminated.