Australia's MLG Oz rises most in three months after Develop Global contract
30/06/2026 01:58
BUZZ-Australia's MLG Oz rises most in three months after Develop Global contract ** Shares of MLG Oz MLG.AX rise as much as 10.7% to A$0.775, their strongest intraday session since March 31
** Stock snaps a fourth consecutive session of losses
** The mining services provider awarded fully integrated open pit mining and crushing services contract with Develop Global DVP.AX at onshore project in Western Australia
** Company estimates total contract revenue of A$70 million ($48.12 million)
** Under contract, MLG will provide a comprehensive suite of services supporting operations at Pioneer Dome
** Session's gains so far cut stock's YTD losses to 10.9%
($1 = 1.4548 Australian dollars)
(Reporting by Shivangi Lahiri in Bengaluru)
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