Work under this contract is estimated to contribute revenues of about $250-$300 million.
The price and outlook for metallurgical coal remain strong due to quality and demand.
Will allow the bulk of the drift to be ventilated so recovery works can prgoress.
So far, 120 Mastermyne leaders have learnt the science of human behaviour.
Full mobilisation is planned for the end of November.
The cash component of the acquisition was funded from Mastermyne's available cash.
Mastermyne record in roadway development.
Workforce numbers continued to increase over the past `year with total workforce numbers now at 963....
WMS was a highly specialised underground business with a niche service.
Mastermyne has been engaged to undertake roadway development in the mains and gate roads.
The divestment was in line with its plan to continue to focus and grow its core capabilities.
The company recently renegotiated terms on expiring contracts on improved commercial terms.