Gold explorer Emerald Resources has signed an exclusivity agreement with contractor MACA Mining, strengthening the long-standing relationship the companies have shared for over two decades.
Under the agreement, MACA will continue partnering with Emerald on all of its current and future mine developments.
As it executes these mining services, MACA will comply with Emerald’s working procedures, operating and safety management systems, with the schedule of rates to be negotiated on an open book basis.
The contract’s scope includes mining services such as load and haul, drill and blast, underground mining development and production, crusher feed, tailings dam construction, and establishment works.
The agreement also states MACA has a first right of refusal for all new Emerald mine developments for a five-year period.
“We are extremely pleased to announce the exclusivity agreement with MACA to continue partnering as our mining contractor on all future mine developments,” Emerald Resources managing director Morgan Hart said.
“This continues the long-standing relationship we have had spanning over 20 years which has seen the successful delivery of numerous projects over many years including the Okvau gold mine which continues to achieve strong operational performance.
“We are entering an exciting stage in Emerald’s remarkable growth story as we embark on two new developments both in Australia and Cambodia over the next two years. We look forward to capitalising on the well-established synergies between the Emerald and MACA teams to deliver these projects on time and on budget.”
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