MACA is pleased to announce it has now finalised the Hire and Maintenance contract for CITIC Pacific Mining Management Pty Ltd at the Cape Preston Sino Iron magnetite project, located 100km south west of Karratha in the Pilbara region.
The contract is expected to generate $200 million in revenue for MACA over a 36 month term commencing in April 2021. MACA’s work in hand position at Feb21 now stands at $3.4 billion.
MACA’s CEO Mike Sutton said “MACA is very pleased to continue working with CITIC Pacific Mining at the Sino Iron magnetite project, and we value the long-standing relationships we have with our clients at this pioneering megaproject.”
You can read the full ASX announcement here.