The Board of Stanmore Resources Ltd has announced that PIMS Mining has been awarded a five-year underground mining services contract for AUS$425 million by its 50% owned Millennium and Mavis Downs joint venture (MetRes).
Awarding of this contract marks another major milestone in re-opening the mine following restarting auger and opencast operations in 3Q21.
The contract covers underground mining using the board and pillar method, commencing at Mavis Downs and later transitioning to Millennium. Production will be over 1.2 million tpy run of mine from July 2022.
With AUS$80 million to be spent on infrastructure, civil works and locally built mining equipment, the mine represents a boost to the Australian economy as Queensland continues to recover from COVID-19. The contract also creates up to 100 mine construction jobs and more than 125 direct full-time mining jobs for the region. By extracting full value from the existing mining leases, the operation will continue to deliver employment and economic activity to the region.
Read the article online at: https://www.worldcoal.com/coal/31082021/pims-mining-awarded-underground-mining-services-contract-for-metres/
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