MMG extends Aussie firm’s P2bn contract at Khoemacau

Friday, July 19, 2024 | 720 Views |

Rumbling on: Khoemacau is due for a $700 million expansion, as it responds to the global surge in copper demand PIC: MINING REVIEW

Chinese state majority-owned firm, MMG, which snapped up Khoemacau Copper Mine in the biggest takeover ever seen in the local market, has decided to keep faith in Australian mining contractor, Barminco, extending the contract by a year.

The revised contract, valued at approximately (Australian Dollars) AU$240 million (P2.1 billion), will now continue until June 30, 2025.

Under the agreement, Barminco will continue to provide underground development, production, and mining support services.

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MMG extends Aussie firm’s P2bn contract at Khoemacau

Chinese state majority-owned firm, MMG, which snapped up Khoemacau Copper Mine in the biggest takeover ever seen in the local market, has decided to keep faith in Australian mining contractor, Barminco, extending the contract by a year.

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