Brierty Executes $185M Contract for Karara Iron Project
Civil and mining contractor Brierty Limited (ASX: BYL) is pleased to confirm that it has executed a contract with Karara Mining Limited for the Hematite Mining and Associated Services at the Karara Iron Ore Project.
The contract is valued at $185 million and will run for approximately four years.
In February this year, Brierty announced that it had been named preferred contractor on Karara. With the contract terms now settled, Brierty has commenced delivery of mining services including drill and blast, load and haul, crushing and screening, road haulage and train loading.
Brierty Chief Executive Officer Peter McBain said that the award of the Hematite Mining contract was testament to the company’s mining credentials.
"We have an experienced team and a fleet of new equipment ready to go to work and look forward to delivering our services safety and efficiently," said Mr McBain.
"The contract is a cornerstone mining project and provides Brierty with the ability to leverage additional opportunities from the development of the burgeoning Midwest region of Western Australia.
"There is increasing activity in the mining, land development and infrastructure sectors which Brierty as a self performing contractor is well positioned to benefit from."
Karara Mining Chief Executive Officer Stephen Murdoch said Brierty had been selected as contractor based on the strength of its team, service capability and professional approach.