Australia's Mastermyne gains on $167 million mining services contract

Mastermyne

09/10/2026 24:25

** Shares of mining services provider Mastermyne Group MYE.AX rise as much as 11% to A$0.805, their biggest intraday pct gain since August 10
** Co announces award of new Tahmoor mining services contract valued up to A$240 million ($167.02 million)
** Says initial two-year contract expected to generate about A$80 mln in revenue
** Adds contract will add about 160 roles and take its workforce to more than 1,000 people after mobilisation
** Tahmoor is a metallurgical coal mine located in New South Wales
** Stock up 467.9% YTD, including session gains

($1 = 1.4370 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))