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An announcement from MLG Oz Ltd ( (AU:MLG) ) is now available.
MLG Oz Limited has announced an extension of its contract with Rio Tinto for bulk haulage and site services at the Western Turner Syncline Mine in Western Australia. The contract, originally set for up to 12 months with a volume movement of 1.6 million tonnes, has been extended by three months to March 2026, with expected additional revenues of approximately $5.0 million. This extension is seen as a positive reflection of MLG’s successful service delivery and strengthens its ongoing partnership with Rio Tinto.
The most recent analyst rating on (AU:MLG) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on MLG Oz Ltd stock, see the AU:MLG Stock Forecast page.
More about MLG Oz Ltd
MLG Oz Limited (ASX: MLG) is a Kalgoorlie-based integrated mining services and resource asset management company. It focuses on supporting ore processing facilities for gold, iron ore, and other base metals in Western Australia and the Northern Territory. MLG offers a comprehensive range of services including Civil & Construction, Crushing & Screening, Bulk Haulage & Site Services, and the supply of Open Pit Mining & Construction Materials. The company also provides end-to-end bulk commodity export logistics services through its facility at the Esperance Port.
Average Trading Volume: 326,156
Technical Sentiment Signal: Buy
Current Market Cap: A$138.7M
See more data about MLG stock on TipRanks’ Stock Analysis page.