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Minetech mining contract worth RM42.37mil extended for 2 years

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Minetech mining contract worth RM42.37mil extended for 2 years Empty Minetech mining contract worth RM42.37mil extended for 2 years

Post by Cals Fri 03 Oct 2014, 02:17

Minetech mining contract worth RM42.37mil extended for 2 years
Business & Markets 2014
Written by Sulhi Azman of theedgemalaysia.com   
Thursday, 02 October 2014 21:31

KUALA LUMPUR (Oct 2): Mining and civil engineering outfit Minetech Resources Bhd announced that its contract for waste removal, ore delivery and associate works worth RM42.37 million, has been extended for another two years starting July 1. 

To recap, Minetech’s contract was first extended by Selinsing Gold Mine Manager Sdn Bhd on Sept 26, 2012. 

Minetech was first awarded the contract by Selinsing Gold Mine Manager on May 25, 2009, with a contract duration of RM37 million over a three year period. 

Shares in Minetech closed unchanged today at 14.5 sen, giving it a market capitalisation of RM48.2 million.
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