MACA has secured a hire and maintenance contract with CITIC Pacific Mining Management (CPM) at the Cape Preston Sino iron operation in Western Australia.
The Perth-based mining and construction contractor expects the contract to be worth $200 million over 36 months from April 2021.
MACA chief executive officer Mike Sutton said the contract showed the strength of the company and its ties within the industry.
“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,” Sutton said.
Sutton went on to explain the origins of the contract.
“The current CPM contract was novated from Downer to MACA, following the acquisition of the Mining West business, and its pleasing to have now secured this three-year extension,” he said.
MACA’s $175 million acquisition of Downer’s Mining West business unit in early February included four ongoing Western Australian contracts with Fortescue Metals, CITIC Pacific, Ansteel, and Gold Fields and Gold Road Resources.
Sutton said last month that the acquisition of the Downer unit allowed MACA to roll over 96 per cent of the Mining West workforce.
“The acquisition of the Mining West business will provide MACA with a very meaningful addition of a large-scale mining fleet that is currently engaged four long-life projects, all with quality customers that are well known to me and other key members of MACA’s management team,” Sutton said.
MACA had more than $3 billion in contracts to book as of February 2021.