MLG Oz Secures First Contract with Rio Tinto for Pilbara Operations

MLG Oz Ltd ( (AU:MLG) ) has shared an update.

MLG Oz Limited has secured its first contract with Rio Tinto for providing bulk haulage and site services at the Western Turner Syncline Mine in Western Australia. This 12-month contract, valued at approximately $20 million, marks a significant step for MLG in expanding its services beyond the WA goldfields and establishing a long-term relationship with a major player in the mining industry, potentially enhancing its market positioning and stakeholder value.

The most recent analyst rating on (AU:MLG) stock is a Buy with a A$0.95 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 is a Kalgoorlie-based integrated mining services and resource asset management company. It provides tailored solutions to mining operations, focusing on ore processing facilities across gold, iron ore, and other base metals in Western Australia and the Northern Territory. The company offers a range of services including Civil & Construction, Crushing & Screening, Bulk Haulage & Site Services, and the supply of Open Pit Mining & Construction Materials.

Average Trading Volume: 124,175

Technical Sentiment Signal: Buy

Current Market Cap: A$95.95M

Find detailed analytics on MLG stock on TipRanks’ Stock Analysis page.