MACA wins $366m contract with Emerald

Okvau Gold Deposit Image: Emerald Resouces

MACA has secured a $US230 million ($366 million) agreement with Emerald Resources to provide earthmoving equipment and mining services at the Okvau gold project in Cambodia.

The scope of work includes loading, hauling, drilling and blasting, with an option to extend after an initial seven-year period.

Mobilisation activities at Okvau mine are expected to commence in August this year ahead of pre-production mining in October.

Emerald expects to commence gold production at the Okvau mine in the second quarter of 2021.

The company aims to produce approximately 106,000 ounces of gold a year at Okvau over its seven-year life of mine.

MACA operations director Geoff Baker said the award of the contract drew on overseas experience the company had gained in Brazil and expanded MACA’s presence in the gold sector.

“MACA looks forward to continuing the strong working relationship we have developed over many years and across many successful projects with the board of management of Emerald,” Baker said.

Emerald managing director, Morgan Hart said once the production plant became operational in 2021, Emerald would become the first modern large-scale gold producer in Cambodia.

“We are extremely pleased to have appointed MACA as the mining contractor for the Okvau gold project operations, which continues the existing relationship between the Emerald and MACA management teams,” Hart said.

The mining contract follows on from an agreement between MACA and Emerald in January last year.

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