Barminco awarded $110 million contract in Tasmania
Barminco is pleased to announce it has been awarded a $110 million contract at MMG's Rosebery mine in Tasmania.
The initial contract is for three years, with an option to extend for a further two years. Barminco will commence works in December with a total workforce of 85, increasing to 96 people at its peak in March 2015.
Barminco are contracted to provide jumbo development services for the operations.
Barminco has significant experience at the Rosebery mine, having previously worked as the contractor between 2001 and 2013.
The Company is also the underground mining contractor at MMG's Dugald River zinc project in Queensland. The contract includes the provision of jumbo development and production, underpinned by an outstanding safety record since the contract commenced in 2012 and set a high speed development record (700.4 metre development with one jumbo in a month).
Barminco Chief Executive Officer Peter Stokes said the award of the Rosebery contract recognised Barminco's premium service offering.
"We are very pleased to be reinstated at the Rosebery mine. We see this contract win as a strong reflection of our leading position we hold in providing the most productive and efficient outcomes for clients," Mr Stokes said.
Barminco now holds the two largest underground mining contracts in Tasmania. The Company is also contracted to supply underground development and production services at Bluestone Tin's Renison tin mine.
Barminco Chief Operating Officer Victor Rajasooriar said: "The expertise and experience within our business sets us apart. Our people are the key measure to our success and we are pleased to offer them further opportunities to work in Tasmania."
The announcement comes on the back of Barminco being awarded a two year extension, with further extension options at Western Areas' Flying Fox and Spotted Quoll nickel mines in September 2014.