Queensland-based Mastermyne Group Limited has been awarded a mining services contract to operate the Gregory Crinum Underground mine owned by Sojitz Blue.
The project scope includes the re-establishment of the underground infrastructure including conveyor systems, ventilation, associated mine services, remediation works and surface infrastructure – all of which is expected to take approximately 6 months.
Mastermyne said the contract term is 7 years with 6 months for the re-establishment phase followed by 6.5 years in the mining production phase.
According to the company’s statement, the total contract value is expected to be in the range of $600-$660 million.
Mastermyne CEO, Tony Caruso, said the company will provide underground mining equipment from its current fleet, including 3 bord & pillar miners, multi bolters and shuttle cars along with a range of ancillary production equipment to support the operation.
“The execution of our first Whole of Mine Operations contract is a major milestone for Mastermyne and is significant in transitioning the business into a commercial model that is not only complimentary to the existing contracting model but will provide an even greater level of earnings certainty over the long term,” he continued.
“We have been working with closely with Sojitz for some time after being selected as their contracting partner early in the feasibility process and we look forward to continuing to work with Sojitz and the mine management as we move into production.”
Located near Emerald in central Queensland, the Gregory Crinum Mine will have an annual capacity of up to 3.0 million tonnes of product coal when fully operational with a mine life of more than 20 years.
