Newmont (ASX:NEM) renewed its contract with MLG Oz (ASX:MLG) for the continuation and expansion of integrated site services at the Tanami operations in the Northern Territory, according to a Monday filing with the Australian bourse.
The agreement provides a new five-year term from May, with two further one-year extension options, and is expected to generate about AU$200 million in revenue for MLG Oz over its term, the filing said.
Newmont shares fell nearly 2% in midday trade Monday, while MLG Oz shares were down past 3%.
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