MACA wins another First Quantum contract

Antas copper gold project in Carajás, Brazil

MACA has secured a $20 million contract with First Quantum Minerals for the Tamarine limestone quarry near its Ravensthorpe nickel processing plant in Western Australia.

Under the contract, MACA will be involved in the mining, crushing and screening of limestone over a three year period.

This follows First Quantum’s contract award for MACA in November last year for the Ravensthorpe project.

MACA expects to use existing crushing equipment and commence work at Tamarine next month.

The company has also terminated its contract with OZ Minerals subsidiary, AVB Mineracao for the Antas copper project in Brazil, following its exit from the Brazilian market this month.

The Antas contract was due to finish this year and will cost MACA around $8 million in unfinished work.

MACA will retain ownership of most of the plant and equipment currently used at Antas and will dispose of assets that are not redeployed to other operations.

The company expects an impairment cost of around $2 million, and an unrealised foreign exchange loss of around $5 million based on current exchange rates.

MACA director Geoff Baker sent its thanks to AVB Mineracao for the opportunity to work with the company at the Antas project.

“We would also likely to sincerely thank (MACA general manager, Brazil operations) Mitch Wallace together with our Brazilian employees and our suppliers for their contribution to the business over the last five years,” Baker said.

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