MACA (ASX:MLD) secures $200M contract extension

28Mar

MACA (ASX:MLD) secures $200M contract extension

 

Contracting group MACA (ASX:MLD) has secured a hire and maintenance contract for CITIC Pacific Mining Management at the Cape Preston Sino Iron magnetite project. The project is located in the Pilbara region.

The company expects that the contract, which is set to commence in April, will generate $200 million in revenue over its 36-month term.

MACA CEO Mike Sutton says “the current CPM contract was novated from Downer to MACA, following the acquisition of the Mining West business, and it is pleasing to have now secured this three year extension”.

Shares in MACA (ASX:MLD) are trading 0.7 per cent higher at $1.05.
 
Copyright 2021 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

21Jun

Stocks of the Hour: Coles, Whitehaven Coal, Sonic Healthcare, Seven West Media

17 Jun 2021 - Our snapshot of company news making headlines featuring Coles (ASX:COL), Whitehaven Coal (ASX:WHC), Sonic Healthcare (ASX:SHL) and Seven West Media (ASX:SWM).

Read More
22Nov

Stocks of the Hour: Helix Resources, 4DMedical, Westar Resources

22 Nov 2023 - A snapshot of the stocks on the move, featuring Helix Resources (ASX:HLX), 4DMedical (ASX:4DX) and Westar Resources (ASX:WSR).

Read More
23Oct

WiseTech Global (ASX:WTC) responds to misinformation in market report

23 Oct 2019 - WiseTech Global (ASX:WTC) have hit back at J Capital Research after they released a second short-seller report on Monday leading Wisetech to request a trading halt.

Read More
25Jul

Stocks of the Hour: Genex Power, Terracom, Flight Centre Travel

25 Jul 2022 - A snapshot of the stocks on the move featuring Genex Power (ASX:GNX), Terracom (ASX:TER) and Flight Centre Travel (ASX:FLT).

Read More
05Dec

Zelda Therapeutics (ASX:ZLD) name change

05 Dec 2019 - Zelda Therapeutics (ASX:ZLD) has confirmed the company has changed its name to Zelira Therapeutics.

Read More
06Feb

Service Stream (ASX:SSM) increases dividend

06 Feb 2020 - Leading essential network services company Service Stream (ASX:SSM) today released its financial results for the half-year ended 31 December 2019, showing adjusted NPAT of $32.3 million up 28 per cent on the prior corresponding period.

Read More
18Mar

Monadelphous Group (ASX:MND) secures 5 year crane contract with Fortescue Metals (ASX:FMG)

18 Mar 2021 - Engineering company Monadelphous Group (ASX:MND) has secured a new five-year crane services contract with Fortescue Metals Group Ltd (ASX:FMG).

Read More
27Aug

The proposed acquisition of Spotless Laundries majority-owned by Downer EDI (ASX:DOW) raises competition concerns

27 Aug 2020 - The ACCC has identified potential competition concerns with South Pacific Laundry (SPL)’s proposed acquisition of Spotless Laundries, which is part of Spotless Group Holdings which is majority-owned by Downer EDI (ASX:DOW).

Read More
12Nov

InvoCare Limited (ASX:IVC) acquires two pet cremation businesses

12 Nov 2020 - InvoCare Limited (ASX:IVC) has entered into conditional sales agreements to acquire 100 per cent of the shares of Family Pet Care Pty Limited and the business and assets of Pets in Peace.

Read More
17Dec

Afterpay (ASX:APT) to update the US 2018 Equity Incentive Plan

17 Dec 2019 - Afterpay (ASX:APT) plans to update the Afterpay US 2018 Equity Incentive Plan to offer options which give eligible participants a right to acquire common stock.

Read More