Ann: Contract Award - Citic Pacific Mining, page-2

Contract Award – CITIC Pacific Mining


MACA Limited (MACA ) (ASX:MLD) is pleased to announce it has now finalised the Hire and Maintenance contract for CITIC Pacific Mining Management Pty Ltd (‘CPM’ ) 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 is $3.4 billion.

MACA 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. The current CPM contract was novated from Downer to MACA, following the acquisition of the Mining West business, and it’s pleasing to have now secured this three year extension.”