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Barminco wins $240m contract extension at Independence Group’s Nova nickel-copper mine

  • Thursday, October 25, 2018
  • Source:ferro-alloys.com

  • Keywords:Barminco, Nova
[Fellow]Barminco wins $240m contract extension at Independence Group’s Nova nickel-copper mine

[ferro-alloys.com]Underground mining services contractor Barminco has secured a work extension at Independence Group’s Nova nickel-cobalt-copper mine in the Fraser Range worth $240 million over four years.

Under the contract, which includes an option for a two-year extension, Barminco and Independence have also agreed to set up a technology development committee aimed at implementing ways to advance safety and productivity in underground mining, including the use of electric vehicles.

Barminco chief executive Paul Muller said the contractor had so far delivered 29km of development at Nova and extracted 2.4 million tonnes of ore since development started in 2015.

“Barminco has supported the Nova project’s transition from development, starting with excavation of the box-cut on Australia Day 2015, to production, delivering a successful first year of commercial production in the 2018 financial year,” Mr Muller said.

“We now look forward to working closely with IGO under a formal arrangement to drive further productivity and safety improvements at Nova. This includes establishment of a technology committee which will initially target projects such as the early-stage development of electric vehicles, enhanced mine control systems, machine vision and proximity detection.”

Independence managing director and chief executive Peter Bradford said following a successful start-up at Nova the focus would now be on incremental operational and productivity improvements associated with stope mining activities.

“The four-year term, with the option to extend by two years, allows us to work together to unlock this value,” Mr Bradford said.

“Both Barminco and IGO are committed to mapping and implementing these productivity improvements through new technologies. The establishment of the technology committee is an important step towards this objective.”

Fellow contractor Ausdrill earlier this year launched a $700 million takeover offer for Barminco, which will create Australia’s second-biggest mining services player.

The deal is expected to be finalised by the end of the month.

(West Austrilian)

  • [Editor:王可]

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