View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
November 21, 2019

MACA wins Ravensthorpe mining services contract from FQM Australia

MACA has received a letter of award from First Quantum Minerals’ subsidiary FQM Australia Nickel to provide open pit mining services at the Ravensthorpe project.

MACA has received a letter of award from First Quantum Minerals’ subsidiary FQM Australia Nickel to provide open pit mining services at the Ravensthorpe project.

Free Whitepaper
img

Mining Mega Trends and Their Impact to your Organisation's Resilience

Numerous mega trends are impacting the mining industry, making an effective resilience program more important than ever to ensure that operations continue as intended. From ESG considerations, through to the use of advanced technologies such as Internet of Things devices, AI, and digital twins, as well as workplace safety, volatility in commodity markets, and the spectre of Covid-19 still looming. Each mega trend has a different impact that needs managing correctly, with a one-size-fits-all approach insufficient. This white paper identifies the mega trends affecting mining businesses, while exploring the opportunities, risks, and implications for operational resilience, with expert insight from Dynamiq on the best practices and approaches to improve business outcomes. Download this document to learn more.  
by Dynamiq
Enter your details here to receive your free Whitepaper.

The nickel project is located in Ravensthorpe, Western Australia, approximately 550km south-east of Perth.

It is expected to generate around A$480m ($327m) in revenue for the first five years, pushing the contractor’s projected revenue to approximately A$770m ($524m) during the financial year 2020.

Under the terms of the contract, MACA will provide open pit mining services such drilling and blasting, and loading and hauling services at Ravensthorpe.

MACA operations director Geoff Baker said: “We are very pleased to have been selected [as] preferred contractor and look forward to developing a long-term working relationship with the First Quantum team at the Ravensthorpe Nickel Project.

“First Quantum have focused on local and Aboriginal opportunities in the regions of Albany, Ravensthorpe and Esperance in order to resource the Ravensthorpe project which MACA intend to leverage from.

“This project will generate another 230 jobs bolstering the local and regional communities”.

According to First Quantum, the mine has been put on care and maintenance since October 2017 due to weak nickel prices.

According to MACA, mobilisation to the nickel mine site is expected to start next month with operations set to begin in January.

The final contract award is subject to the satisfaction of final documentation. All major terms have been agreed.

First Quantum acquired the Ravensthorpe nickel mine from BHP Billiton in December 2009 in a deal valued at $340m. Commercial production from the mine was achieved on 28 December 2011.

Related Companies

Free Whitepaper
img

Mining Mega Trends and Their Impact to your Organisation's Resilience

Numerous mega trends are impacting the mining industry, making an effective resilience program more important than ever to ensure that operations continue as intended. From ESG considerations, through to the use of advanced technologies such as Internet of Things devices, AI, and digital twins, as well as workplace safety, volatility in commodity markets, and the spectre of Covid-19 still looming. Each mega trend has a different impact that needs managing correctly, with a one-size-fits-all approach insufficient. This white paper identifies the mega trends affecting mining businesses, while exploring the opportunities, risks, and implications for operational resilience, with expert insight from Dynamiq on the best practices and approaches to improve business outcomes. Download this document to learn more.  
by Dynamiq
Enter your details here to receive your free Whitepaper.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The mining industry's most comprehensive news and information delivered every month. The mining industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Mining Technology