MLG Oz Limited has locked in a five-year extension with Newmont’s Tanami Operations, promising $200 million in revenue and reinforcing its role as a key integrated mining services provider.
- Five-year contract extension with two one-year options
- Estimated $200 million total revenue, $40 million annually
- Continued integrated site services including haulage and crusher feed
- Strengthens MLG’s medium-term revenue visibility
- Part of broader contract growth across major mining clients
MLG Extends Major Contract at Tanami Operations
MLG Oz Limited (ASX:MLG) has secured a significant five-year contract extension with Newmont Corporation (ASX:NEM) to continue delivering integrated site services at the Tanami Operations in the Northern Territory. Starting in May 2026, the deal includes two additional one-year extension options and is expected to generate approximately $200 million in total revenue, averaging $40 million per year. This deal reaffirms MLG’s standing as a trusted provider of critical mining services at one of Australia’s key gold operations.
The contract extension covers a comprehensive scope of services supporting the Granites Gold Mine, including haulage of ore and tailings fines, loading and unloading, rock breaking, tailings harvesting, stockpile management, and crusher feed services. This breadth underscores MLG’s integrated service model, which aims to deliver efficient end-to-end solutions under a single framework.
Financial Impact and Operational Confidence
With the new contract expected to contribute $40 million in annual revenues, MLG gains strong medium-term earnings visibility. This is notable given the company’s group revenue forecast of just under $550 million for FY2025, positioning the Tanami contract as a meaningful contributor to its earnings base. CEO Mark Hatfield highlighted the extension as a vote of confidence in MLG’s operational performance and integrated model, praising the team’s commitment to safe and reliable service delivery at the Granites site.
This latest contract follows a string of recent wins and extensions that have expanded MLG’s footprint across key mining operations. Just last month, MLG secured multiple contracts including a five-year extension at Gruyere and a mobile crushing contract with Northern Star, collectively adding around $20 million in annual revenue. These deals illustrate MLG’s growing presence and diversified client base in the mining services sector five-year extension at Gruyere.
Strategic Positioning in Northern Territory Mining Services
The Tanami Operations, situated in the Western Tanami Desert Region, are a remote but strategically important gold mining hub. MLG’s ongoing role there reflects its capability to manage complex, integrated site services in challenging environments. The company’s Kalgoorlie-based integrated mining services model, which includes civil construction, crushing and screening, bulk haulage, and open pit mining materials supply, enables it to offer tailored solutions across gold, iron ore, and base metals sectors.
MLG’s ability to maintain and extend contracts at major sites like Tanami aligns with its recent financial momentum, following a 73% profit surge and EBITDA growth earlier this year. This contract extension adds to a portfolio of long-term agreements that underpin MLG’s resilience amid fluctuating commodity cycles MLG Oz Surges 73% in Profit.
Bottom Line?
MLG’s Tanami contract extension secures a substantial revenue stream, but continued operational excellence will be key to converting this medium-term visibility into sustained profit growth.
Questions in the middle?
- How will MLG manage operational risks across its expanding contract portfolio?
- What impact will the Tanami extension have on MLG’s margins given the integrated service scope?
- Could MLG leverage this contract success to capture more work in the Northern Territory or beyond?