MLG secures Maiden Contract with Rio Tinto
Stock | MLG OZ Ltd (MLG.ASX) |
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Release Time | 26 May 2025, 8:26 a.m. |
Price Sensitive | Yes |
MLG secures Maiden Contract with Rio Tinto
- MLG Oz Limited awarded 12-month contract with Rio Tinto
- Contract worth approximately $20 million for bulk haulage and site services
- Expands MLG's services beyond WA goldfields into Pilbara region
MLG Oz Limited (ASX: MLG) has announced the execution of a contract with Rio Tinto (ASX: RIO) for the provision of bulk haulage and site services in support of ongoing activities at the Western Turner Syncline Mine in the Pilbara region of Western Australia. The new contract encompasses the provision of off-road bulk ore haulage services, material loading, rock breaking, unloading, stockpile management and road maintenance services. The execution of this contract signals MLG's first supply agreement with Rio Tinto, establishing what the Company hopes will be a positive, long-term relationship. The contract is a 12-month contract, with revenue expected to be approximately $20 million. Managing Director, Murray Leahy, stated that the contract with Rio Tinto is the outcome of MLG building a trusted, and potentially long-term, relationship with the mining giant. He noted that Rio Tinto has been actively reviewing MLG's approach and performance standards to assess the company's broader capability to deliver services in the Pilbara region, with a focus on the efficiencies that can be gained through MLG's hub and spoke delivery model. As a proud Western Australian company, MLG is delighted to have been selected as a supplier to Rio Tinto and looks forward to continuing to evolve and grow its profile in the Pilbara region.
The new 12-month contract with Rio Tinto is expected to generate revenue of approximately $20 million.