Watpac wins $45m contract extension at Mt Magnet

Image credit: www.rameliusresources.com.au

Watpac Limited has been awarded a $45 million extension to its mining services contract with Ramelius Resources at its Mt Magnet Gold Mine.

Image credit: www.rameliusresources.com.au
Image credit: www.rameliusresources.com.au

The company, which has provided mining services at the site since 2011, said the new scope of works will include drill and blast services, load and haul of waste and ore, and shaping of waste dumps at the Blackmans, Titan and Brown hill pits in the Mt Magnet tenements.

Watpac Managing Director Martin Monro said the contract extension – to be delivered over a 16-month period – was a testament to the Group’s focus on building strong relationship with existing customers.

“Our priority has been to deliver quality outcomes for our clients and this contract extension with Ramelius Resources is an example of the strength of our relationship and operational excellence,” he said.

“Despite challenging conditions within the resources sector, out Civil & Mining business continues to convert project opportunities and we are delighted to be delivering and expanded contract with this highly valued client.”

Watpac’s relationship with Ramelius extends beyond their collaboration on the Mt Magnet project. The company is providing mining services for Ramelius’ Kathleen Valley gold project in WA and has also delivered the Coogee Open Pit project for Ramelius in 2014.

Watpac’s Civil & Mining General Manager Russell Hall said mining of the new pits is expected to commence shortly.

“We anticipate a seamless start to operations as the equipment, infrastructure and personnel are already based at Mt Magnet,” Mr Hall said.

“The Blackmans pit is located 38km north of Mt magnet and will be a satellite operation for the team where they will use a combination of 90 tonne rigid and articulated dump trucks loaded by 100 tonne excavators. At Mt Magnet, the Titan pit will be initially mined by a 200 tonne excavator however as the pit deepens, geological constraints will dictate the use of a smaller 100 tonne excavator to complete mining using articulated trucks. Mining of the Brown Hill pit will coincide with works in the Titan pit.”