Mastermyne to commence road development at South32’s Illawarra coal operation

Following a previous deferral, coal services contractor Mastermyne is to commence road development services at South32’s Illawarra metallurgical coal operation in New South Wales over a period of two years.

The Illawarra operation is located around 75km south of Sydney in NSW’s southern coalfields.

The contract serves as a variation of the company’s existing contract with South32, and will see Mastermyne develop mine roadway services that are expected to deliver an addition of $18 million in revenues per year.

This additional revenue is expected to help Mastermyne hit the upper end of its 2019 financial year guidance.

Mastermyne previously secured a works contract with South32 at its Apple Colliery in August. The company has also completed a road development contract at South32’s Appin Area 9, which was commenced when South32 was still integrated with its former parent company BHP Billiton.

Mastermyne chief executive officer Tony Caruso said the company was pleased to have recommenced work at Illawarra with South32.

“We look forward to delivering safe and productive outcomes for South32 and providing long-term stable work for our employees,” he said.

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