https://www.miningweekly.com

Glencore Xstrata cancels Macmahon contract

5th June 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Multinational major Glencore Xstrata has cancelled a shaft sinking contract at the CSA copper mine, in New South Wales, with ASX-listed project house Macmahon.

Macmahon said on Wednesday that the shaft sinking project had been expected to deliver a further A$6-million in revenue until June this year, and a further A$80-million in revenue for the full 2014.

The project house told shareholders that it was seeking clarification on the reasons for the termination, and would advise shareholders on the impact to market guidance.

Macmahon was appointed to the project in October 2011 as the main contractor for a hoisting shaft extension and upgrade at the CSA mine. The project was aimed at allowing lower-cost access to deeper resources in the mine, and would have increased yearly production by around 50%, to 270 000 t/y of copper concentrate.

The construction project was supposed to have lasted two years, with completion forecast for 2013.

The shaft extension formed part of a A$150-million expansion of the CSA mine.

Edited by Creamer Media Reporter

Comments

Showroom

Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 
Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.117 0.147s - 88pq - 2rq
Subscribe Now