WATPAC STRIKES GOLD WITH NEW CONTRACT

Written on the 11 May 2015

WATPAC STRIKES GOLD WITH NEW CONTRACT

CONSTRUCTION company Watpac Limited (ASX:WTP) has secured a $17 million contract to provide mining services for Ramelius Resources Limited in Western Australia.

Watpac will control surface mining works at the Kathleen Valley gold project, which includes clear and grub, topsoil removal, load and haul, drill and blast and dewatering operations.

The contract spans for 12 months at the project's Mossbecker and Yellow Aster Pits.

Watpac managing director Martin Monro says the deal reflects the company's commitment to building strong relationships with its clients.

"This is Watpac's third project with Ramelius, and is a testament to our approach of working closely with our clients to maximise their production and cost efficiencies," Monro says.

"We have a highly capable and dedicated team in our mining and civil business and believe Watpac can continue to operate successfully in this market notwithstanding the current challenging conditions."

Watpac mining and civil general manager Russell Hall says the team is looking forward to working with one of the firm's key clients.

"Watpac has been undertaking mining services works at Ramelius' Mt Magnet Gold Mine since 2011 and we also delivered the Coogee Open Pit project for Ramelius in 2014," Hall says.

"We are delighted to be building on our already strong relationship with Ramelius and look forward to commencing operations at Kathleen Valley."

The contract follows existing mining services partnerships at Hanking Gold's Southern Cross gold operations, Pluton Resources' Cockatoo Island iron ore project and Iluka Resources' Tutunup South mineral sands mine.


Latest News

OROTON GOES CLICKS AND BRICKS AS PROFITS SLIDE

TWO former Aussie lawyers have turned their passion for fashion into a $15 million dollar international business six ...

MANTRA'S SHARE PRICE SURGE INDICATES 'SUITORS ARE CIRCLING' THE HOTEL GROUP

THE rumour mill surrounding a high-level takeover of Mantra Group (ASX: MTR) is in full production with its shares su...

MELBOURNE CBD GEMS SELL FOR $17 MILLION, MARKING A NEW PROPERTY HOTSPOT

LITTLE Lonsdale Street in the heart of Melbourne's CBD has become a favourite for investors in 2017, following th...

CAN GOOGLE RECOVER FROM GLOBAL CONTROVERSY OVER ITS PROGRAMMATIC ADVERTISING SYSTEM?

IT'S the story that has rocked the world of advertising. The lucrative Google (NASDAQ: GOOGL) advertising system ...

Related News

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussion...

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from...

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offs...

CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINESE coin continues to dominate Australia's offshore real estate investment market, accounting for almost h...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter