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Metarock Group Limited ( (AU:MYE) ) has issued an announcement.
Mastermyne Group Limited has secured a contract with GM Illawarra Met Coal Pty Ltd for mining services at the Appin mine in New South Wales. The contract, initially set for three years with a potential two-year extension, is expected to generate $180 million in revenue and create approximately 200 jobs. This agreement marks Mastermyne’s return to the Illawarra region and is seen as a significant step in the company’s growth strategy, strengthening its relationship with GM3.
More about Metarock Group Limited
Mastermyne Group Limited operates in the mining services industry, providing contract mining services. The company focuses on delivering specialized services to the coal mining sector, with a strong presence in the Australian market.
YTD Price Performance: -5.00%
Technical Sentiment Signal: Buy
Current Market Cap: €27.01M
For a thorough assessment of MYE stock, go to TipRanks’ Stock Analysis page.
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