The Con­trac­tors

The Australian Mining Review - - CONTENTS - AMY BLOM

WA-BASED con­trac­tor MACA has won a $700 mil­lion ‘life of mine’ con­tract with Wealth Min­ing’s Cara­bella Re­sources at the Bluff Coal project in QLD.

Un­der the 10-year con­tract, MACA will un­der­take open pit min­ing ac­tiv­i­ties in­clud­ing plan­ning, pro­cure­ment, man­age­ment and su­per­vi­sion, load and haul, drill and blast, and wa­ter man­age­ment.

Bluff was ex­pected to pro­duce about 12 mil­lion tonnes of a pul­ver­ized coal in­jec­tion (PCI) prod­uct, used as a raw ma­te­rial in steel mak­ing.

Work was ex­pected to be­gin in the sec­ond quar­ter of the FY19, with first coal pro­duc­tion sched­uled in the third quar­ter of FY19.

The project would be an ‘ al­liance’ style con­tract and em­ploy about 140 peo­ple.

MACA said it would fi­nance the drop cut to first coal and other mi­nor project works via a se­cured work­ing cap­i­tal fa­cil­ity of up to $25 mil­lion.

The con­trac­tor will use both ac­quired and hired equip­ment with cap­i­tal ex­pen­di­ture of about $45 mil­lion.

“The project will broaden MACA’s com­mod­ity ex­po­sure and geo­graph­i­cal foot­print. It will also utilise larger fleet classes in­clud­ing 350t class ex­ca­va­tors and 220t and 180t class dump-trucks,” MACA said in a state­ment.

“The con­tract takes MACA’s WIH po­si­tion to $1.982b and the com­pany reaf­firms the rev­enue guid­ance of ap­prox­i­mately $620m.”

Last month, MACA re­ported a 26 per cent de­cline in net profit to $23.6 mil­lion for the 2018 fi­nan­cial year, im­pacted by poor weather con­di­tions across its WA op­er­a­tions.

Im­age:MACA. MACA has won a 10 year con­tract to op­er­ate the Bluff Coal mine.

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