FLEETS

SRG Global scoops Evolution D&B contract

SRG Global, a construction, maintenance and mining services group, has secured an umbrella agreement with Australian gold producer Evolution Mining to extend the terms of its drill-and-blast operations at the Cowal, Mt Rawdon and Mt Carlton operations

Staff reporter
The new agreement will utilise assets from SRG Global’s existing fleet

The new agreement will utilise assets from SRG Global’s existing fleet

Works under this agreement are expected to generate revenues of approximately A$115 million (US$82 million) over the five-year term (assuming the two-year option is exercised).

The new agreement will utilise assets from SRG Global's existing fleet and will require minimal growth capital over the contract term.

SRG Global managing director, David Macgeorge, said: "This term contract is a significant achievement for SRG Global and our mining services team. It reinforces our strong working relationship with Evolution and underscores the confidence tier one mining companies have in our abilities as a leading drill-and-blast contractor."

Evolution Mining said it has developed a good working partnership with SRG Global and is pleased to be continuing the relationship.

The company operates five wholly owned gold mines located in Queensland, New South Wales and Western Australia, and has an economic interest in the Ernest Henry copper gold mine in Queensland.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions