Diversified mining services company Ausdrill’s wholly owned subsidiary contract mining company African Mining Services has been awarded a contract extension with mining company Ghana Manganese Company.
Ghana Manganese Company owns and operates the Nsuta manganese mine, in the western region of Ghana, where African Mining Services has been providing equipment hire for two years.
The contract extension is for a term of two years, extending the existing equipment hire contract with Ghana Manganese Company to February 2021, and is expected to generate $88-million in revenue over the contract period.
The contract is an hourly hire service agreement for load and haul equipment with minimum hire hours applicable to all major equipment on site. The equipment will be fully maintained by African Mining Services. The contract will be serviced by the existing fleet on site at Nsuta with no major new equipment purchases required.
“We are very pleased to announce this contract extension, which is testament to the good working relationship African Mining Services has established with Ghana Manganese Company over the years,” says Ausdrill MD Mark Norwell.
“The Ghana Manganese Company contract extension will continue to meet our client’s requirements for on demand load and haul equipment while also providing us with committed use of our existing fleet,” he concludes.