Evolution signs deal with SRG Ltd

Company News


Evolution Mining (ASX:EVN) has signed an umbrella agreement worth $150 million with SRG Limited (ASX:SRG).
 
The deal is for SRG to extend the terms of its drill and blast operations at its Mt Rawdon, Cowal and Edna May mine sites with a new contract for the Mt Carlton mine site to commence in January 2016.
 
The works covered in the agreement will generate revenues of around $150 million over 5 years which increases SRG’s work in hand by $110 million. 
 
Evolution Mining reported a net profit of $100.11 million for the 2015 financial year. 

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