MACA (ASX:MLD) announced the award for Atlas Iron

Company News

by Rachael Jones

Services contractor MACA (ASX:MLD) announced today the award of the “Public Road Upgrade and Access Road Works’ at the Corunna Downs Iron Ore Project for Atlas Iron Pty Ltd (Atlas).

The project is located 33 km South of Marble Bar in the Pilbara region, Western Australia.

The contract is expected to generate revenue of approximately $38 million over the 8-month term of the project.

The scope of works includes the upgrade of a 22km section of public road and the development of 13km of Access Road.

At its peak the project will employ approximately 80 people.

Shares in MACA (ASX:MLD) trading 0.69 per cent lower at 71 cents.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.