Mastermyne Group Limited
(ASX:MYE) has announced it has executed a contract for Underground Roadway Development Services with a global mining company.
The new contract win was flagged in the full-year result of the underground coal contractor on the 18th of August.
The initial term of the contract is two years and Mastermyne can expect to generate revenue of between $10 million and $12 million a year from the contract.
The company will perform the construction of underground roadways for mine infrastructure both in seam and out of seam.
Mastermyne reported a loss of $4.35 million at 30 June.
