Latest Mining Services Contracts News

Mastermyne has secured a two-year mining services contract tied to the proposed restart of Tahmoor mine in NSW, with gross revenue of approximately $80 million. Two further extension options could lift the total to approximately $240 million over six years and take its workforce beyond 1,000.

Boab Metals has signed a binding Heads of Agreement with RE:GROUP for mining services at its Sorby Hills silver-lead project, clearing a key operational milestone ahead of planned production in the second half of 2027. Site establishment is scheduled for January, with mining services targeted to begin by March.

NRW Holdings has secured a $960 million extension for its mining services contract at the Karara mine, prolonging its operational role until February 2032 with largely unchanged service scope.

Mastermyne Group Limited (ASX:MYE) delivered a robust FY26 with revenue up 13% to $237.7 million and underlying profit before tax surging 148% to $15.7 million, supported by contract wins and a record order book.

Forrestania Resources has awarded a significant A$27 million contract to MEGA Resources for the initial open pit mining phase at its Tycho Gold Project, marking a pivotal move from development to production.

Macro Metals has agreed in principle to sell its Agbaja Iron Ore Project in Nigeria to RSIN Nigeria Limited for US$5.67 million, allowing the company to refocus on Western Australian operations.

Mastermyne has secured a major new mining services contract at the Dendrobium coal mine, potentially worth $255 million over six years and adding over 140 new roles.

Toubani Resources has pushed construction and exploration forward at its Kobada Gold Project in Mali, backed by a US$208 million funding package and high-grade drilling results that support an upcoming resource update.

Develop Global (ASX:DVP) posted a record June quarter with Woodlawn copper-zinc production up 47%, supported by a US$400 million Trafigura financing deal that underpins its Sulphur Springs and Pioneer Dome projects.

Valiant Gold has made significant progress toward restarting its Comet mine with dewatering underway and technical studies advancing, while maiden drilling at Reedy reveals gold mineralisation extending over 400 metres below the existing resource.

Perenti's subsidiary AMS, through AMAX Ltd, has secured a six-month contract extension at the Iduapriem Gold Mine in Ghana, including the sale of mining equipment valued between A$30 million and A$40 million to AngloGold Ashanti.

Macro Metals has secured 100% of the Yandi South Iron Ore Project, adding a historical 4.28Mt resource and promising exploration upside near major Pilbara mines. The deal complements its existing Extension Iron Project stake and mining services contracts.