Australia's Metarock surges on mining services contract from Chinese firm MMG

Mastermyne

08/11/2022 02:54

** Shares of mining services firm Metarock Group Ltd
 MYE.AX  surge as much as 34.2% to A$0.255
    ** Stock to mark its best day since May 25, if gains hold 
    ** Co says unit PYBAR Mining Services has won new mining
services contract from Chinese miner MMG Ltd  1208.HK  for the
Rosebery Mine in Tasmania  urn:newsml:reuters.com:*:nASX5PCPQ2
    ** Says contract provides for the supply, delivery and
application of cement fill at the mine under a new three-year
fixed term
    ** Stock hits highest level since Oct 20 and on track for a
third straight session of gains 
    ** MYE down ~77.4% this year, as of last close
 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))