Brief: MLG Oz Says Awarded 3 New Integrated Site Services & Haulage Contracts

MLG Oz

04/06/2021 24:18

June 4 (Reuters) - MLG OZ Ltd  MLG.AX :
    * CONTRACT PIPELINE AND OPERATIONAL UPDATE
    * AWARD OF NEW CONTRACT WITH MINCOR RESOURCES FOR HAULAGE
AND SITE
SERVICES ACTIVITIES
    * BUSINESS REMAINS MATERIALLY IN LINE TO ACHIEVE FORECAST
FOR
FY2021 OF $241.6M REVENUE & $41.0M EBITDA
    * AWARDED 3 NEW INTEGRATED SITE SERVICES AND HAULAGE
CONTRACTS
ACROSS ITS WESTERN AUSTRALIAN OPERATIONS
    * ANTICIPATED COMBINED VALUE OF CONTRACTS IS $29.0 MILLION
PER
ANNUM
    * CRUSHING AND SCREENING OPERATIONS EXPERIENCED A REDUCTION
IN
AVAILABLE MATERIAL TO PROCESS FROM SEVERAL CLIENTS IN LAST
QUARTER
    * ANTICIPATE NEGATIVE IMPACT TO CRUSHING AND SCREENING
REVENUE IN
FIRST HALF OF FY2022
    * EXPECTS OVERALL IMPACT FROM CRUSHING AND SCREENING TO BE
MITIGATED IN SECOND HALF OF FY2022

Source text for Eikon:  ID:nASX9kqgXf 
Further company coverage:  MLG.AX 

 ((Reuters.Briefs@thomsonreuters.com;))