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.