Rio Tinto Extends Existing MLG Contract for Another 3 Months
Key points
- Extension of existing contract with Rio Tinto at the Western Turner Syncline Mine to March 2026
- Scope of works to remain unchanged
- Initial contract term was for up to 12 months, with a volume movement of 1.6m tonnes
Full summary
MLG Oz Limited (ASX: MLG) is pleased to announce that it has received an extension to its existing 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 contract encompasses the provision of off-road bulk ore haulage services, material loading, rock breaking, unloading, stockpile management and road maintenance services. The original contract revenue is still expected to be approximately $20 million. This extension will provide additional revenues of approximately $5.0m through to March 2026. Acting Chief Executive Officer, Mark Hatfield, said: 'We are very pleased to be able to extend our relationship with Rio Tinto for a further three months, which is a positive reflection of the successful commencement and delivery of our services.'
Guidance
The extension is expected to provide additional revenues of approximately $5.0m through to March 2026.
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