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Highlights

  • MLG Oz lands its first contract with Rio Tinto valued at AU$20 million.

  • The 12-month deal covers bulk haulage and site services at the Western Turner Syncline Mine in the Pilbara.

  • MLG shares surged 5.4% to AU$0.69, marking their highest level since 17 February.

Mining services provider MLG Oz (ASX:MLG) has secured a significant milestone in its operational history by winning its first-ever contract with global mining major Rio Tinto (ASX:RIO). The agreement, estimated to be worth AU$20 million, covers a 12-month term for services at Rio’s Western Turner Syncline Mine in Western Australia’s Pilbara region.

Under the deal, MLG will deliver a comprehensive suite of on-site mining support services, including off-road bulk ore haulage, material loading, rock breaking, unloading, stockpile management, and road maintenance.

MLG’s Managing Director Murray Leahy described the contract as the result of a developing strategic relationship with Rio Tinto, highlighting the mining giant’s scrutiny of MLG’s operational model and service standards.

“Rio has been actively reviewing MLG’s approach and performance standards to assess our broader capability to deliver services in the Pilbara region,” Leahy stated.
“In particular, they have been focused on the efficiencies that can be gained through MLG’s hub and spoke delivery model.”

The Western Turner Syncline Mine, located in the iron ore-rich Pilbara, is one of Rio Tinto’s key production hubs. 

Following the announcement, MLG shares climbed 5.4% to AU$0.69, their highest level since 17 February. The stock has now gained 18.2% year-to-date, including Monday’s rally.

MLG, headquartered in Kalgoorlie, operates across Western Australia and the Northern Territory, offering mining support services and resource asset management for operations involving gold, iron ore, and other base metals.