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MACA on track as Doray work kicks off

MINING contractor MACA has started a $A9 million contract with Doray Minerals and says it's on tr...

Andrew Duffy

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In a new update today MACA said it would start stage 2 of Doray's Andy Well gold project in Western Australia this week.

The work will consist of open pit mining services including drilling, blasting, loading and hauling and is expected to last six months.

Elsewhere, MACA said it would meet with Ivernia subsidiary Rosslyn Hill Mining this week to discuss the halt at Paroo Station, which is the smallest of its continuous mining projects.

Ivernia announced plans to close the WA mine late last week due to the declining lead price and said it would look to re-start operations once conditions improved.

Moving forward, MACA said its financial year guidance was unchanged with revenue for 2015 expected to clear $650 million.

MACA shares were up 3.2% to 97.5c today.

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