MACA hit with KOTH costs

MINING services company MACA has been stung by cost overruns on its fixed-price engineering, procurement and construction contract with Red 5 at King of the Hills, due to the highly constrained construction labour market in Western Australia’s resources sector, the company claims.

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MACA was happy with progress made just last month.

In an operational update for the full year to 30 June 2022, MACA confirmed revenue was in-line with expectations and FY22 revenue guidance of about $1.6 billion was unchanged.