MACA awarded mining contract

Company News


MACA Limited (ASX:MLD) says its received a Letter of Intent from Doray Minerals to award MACA the open pit mining contract at its Deflector project. 
 
The open pit mining services will include drilling, blasting, loading and hauling with the 11 month deal expected to deliver around $14 million in revenue. 
 
MACA has been working with Doray on their Andy Well project. 
 
The new mine will begin operations in early February next year. 
 
MACA reported a net profit of $54.41 million for the 2015 financial year.