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:: Sedgman Extends McArthur River Operating Contract
Leading resource sector services company Sedgman Limited has secured an extension of its operating contract for the crushing circuit at Xstrata Plc?s McArthur River lead / zinc mine in the Northern Territory. The contract is expected to generate total revenue for Sedgman of approximately AUD $12 million per year.
Under the one year plus one year option contract with McArthur River Mining Pty Ltd, Sedgman will operate and maintain the mine?s primary, secondary and tertiary crushing plants and mobile equipment and have responsibility for supplying stockpiled Run-of-Mine ore to the plant.
Managing Director and Chief Executive Officer Nick Jukes said the contract extension recognised Sedgman's expertise in base metals operations. "We have a proven track record of delivering efficient operations at McArthur River." Mr Jukes said. "Sedgman has been operating the three stage crushing and screening facility for over eleven years now and I am delighted that we continue to strengthen our relationship with Xstrata, one of the world?s leading diversified mining houses."
Located 900 km south-east of Darwin, the McArthur River Mine is one of the world's largest bulk producers of zinc in concentrate form.
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