MACA has signaled that its strong string of mining contracts will continue in FY2021.
The mining contractor is currently seeing positive market conditions in its mining and civil construction sectors.
Speaking at the company’s 2020 annual general meeting, MACA chairman Andrew Edwards said the company expects more than $ 850 million in revenue over the course of the year. ‘fiscal year 2021.
“We are aiming for improved operational performance in all operational segments of MACA,” he said.
Since the start of this fiscal year, MACA has won a number of major contracts, including Atlas Iron’s Corunna Downs project, Capricorn Metals ‘Karlawinda project, Fenix Resources’ Iron Ridge project, the South West Gateway Alliance ( BORR) of which MACA is a member and the EPC (Engineering, Procurement and Construction) project of Red 5, King of the Hills.
In addition to the new contracts, MACA is also planning contract extensions for Ramelius Resources’ Mount Magnet extension project in Western Australia and BHP’s Eastern Ridge grinding, also in Western Australia, to help support revenue growth for the company.
The company recorded $ 2.4 billion in labor force work in September 2020.
MACA chief executive Mike Sutton said the contracts won and extensions represented a strengthening of the gold and iron ore markets in Australia.
“The improvement in the performance of our mining division in FY20 is expected to continue into FY21, with the Q1 project rewards listed above driving growth in the carrier market,” said he declared.
“Closely linked, MACA’s crushing division will continue to seek additional opportunities with new customers and capitalize on opportunities within our existing customer base, with a number of advanced opportunities underway.