BGC wins Queensland mining contracts worth $114 million

BGC Contracting has secured contracts worth $114 million to provide mining services at two operations in Queensland.

The company has both a $97 million five-year contract at Incitec Pivot’s Phosphate Hill site south of Mt Isa, and a $17 million contract with Resolute Mining’s Carpentaria Gold.

The Phosphate Hill contract involves the provision of mining services at the site to feed the onsite ammonium phosphate fertiliser manufacturing plant.

BGC Contracting CEO Grey Heylen said they also planned to provide a range of innovations at Phosphate Hill including “satellite guided excavations and new mining methodologies”.

The Carpentaria Gold contract will provide a suite of services to support the recommencement of open-pit mining at Nolans East, in the Ravenswood district south of Townsville in QLD. The 15 month contract will run from August to November 2017, after which the next stage of the Ravenswood Extension Project may be approved.

“These are important strategic wins for BGC Contracting as they fit well with our broader growth and diversification strategies,” Heylen said.

The two contracts were part of a plan to diversify into commodities beyond iron ore mining and into new geographical regions in South Australia and Western Australia.

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