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Mastermyne Extends Services Contract at South32 Appin Colliery

Coal News - Published on Thu, 12 Dec 2019

Image Source: South32 Appin Colliery
Mastermyne Group Limited announced that it has executed a variation to extend the completion date for the provision of outbye services to South32’s lllawarra Metallurgical Coal Operations at its Appin Colliery. The short term extension to 30 Dune 2020, closely aligns the Company’s outbye services contract with the roadway development contract also operating in parallel at the mine. The scope provides for a range of services managing outbye processes and supplementary labour in the Appin Colliery longwall area. The contract extension also allows the Company to use this time to finalise an Enterprise Agreement with its workforce.

The contract extension is forecast to generate revenue of approximately AUD 17 million over the seven month period and will continue to employ up to 230 personnel across the combined contracts. The revenue and earnings from this contract extension has been included in the Company’s current FY2020 guidance.

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Posted By : Yogender Pancholi on Thu, 12 Dec 2019
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