ASX-listed Metarock has won a contract to provide ancillary underground mining services to MMG at its Rosebery polymetallic mine in Tasmania, Australia.
Starting next April and generating an estimated A$18 million a year of revenues, the three-year contract will see Metarock unit Pybar Mining Services supply and apply fibrecrete and cement fill underground at the zinc, copper, lead and gold mine, which has been running continuously since 1936.
MMG is a Chinese state-backed miner listed in Hong Kong.
Metarock said about $7m of equipment for the contract would be funded out of its existing financing facilities.
