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Mastermyne Boosts EBITDA 14% Despite Revenue Dip Amid Grosvenor Fire Impact
9:36am on Friday 31st of January, 2025 AEDT
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Mining Services
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Mastermyne Boosts EBITDA 14% Despite Revenue Dip Amid Grosvenor Fire Impact
9:36am on Friday 31st of January, 2025 AEDT
Key Points
FY25 Q2 EBITDA increased 14% to $4.1 million despite 10% revenue decline
Revenue impacted by reduced manning at Anglo American’s Grosvenor mine after June 2024 fire
Contracts with Anglo American extended to April 2025; discussions underway for further extensions
New $15 million ventilation contract secured at Peabody Energy’s Centurion Mine
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