ENVIRONMENT

Strong contract pipeline boosts Mastermyne revenues

UNDERGROUND coal contractor Mastermyne is staying upbeat about the coal sector after reporting strong first half revenues with the awarding of new contracts in the mining division along with scope increase and extensions of existing mining contracts.

 Mastermyne worker in an underground coal mine.

Mastermyne worker in an underground coal mine.

Revenue in the six months to December 2018 came in at $116.8 million, an increase of 28% on the previous corresponding period.   Despite the increase in activity and revenue, the overhead cost remained...

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