Mastermyne Group Negotiates Six-Month Extension of Contracts with Anglo American Steelmaking Coal, Shares Fall 9%

MT Newswires Live
04-07

Mastermyne Group (ASX:MYE) negotiated a six-month extension of its contracts with Anglo American Steelmaking Coal in relation to its specialist contracting services at Anglo American's underground operations, according to a Monday Australian bourse filing.

The extension is expected to generate AU$25 million to AU$30 million in revenue, per the filing.

The extended contract is separate from the current five-year contract with Anglo American for fault consolidation products and services.

Mastermyne's shares fell 9% in recent trading on Monday.

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