Aveng’s mining subsidiary, Moolmans, has secured a 60-month, R10.6 billion (A$911 million) contract with Black Mountain Mining (Pty) Ltd, jointly owned by Vedanta and Exxaro Resources, for the Gamsberg Mine in the Northern Cape, South Africa.
Moolmans will significantly increase contracted volumes, supporting Black Mountain Mining’s growth strategy. A dedicated team will oversee the ramp-up to full operations by 1 April 2025. Equipment has been redeployed from completed projects, with new machinery commissioned in partnership with key OEMs.
The contract enables a R1.3 billion (A$111 million) fleet renewal programme, funded through project cashflows.
The project will create 342 direct new jobs, bringing the site workforce to 690. Recruitment is well underway.
Aveng CEO Scott Cummins stated: “This contract underscores Moolmans’ expertise and strong client relationships. We are proud to support Gamsberg’s growth while boosting employment and economic benefits in the Northern Cape.”
Moolmans’ Managing Director, Rod Dixon, added: “We are committed to delivering operational excellence and ensuring a seamless transition to the new contract while maintaining the highest safety and productivity standards.”
Vedanta Base Metals CEO, Chris Griffith concluded: “At Vedanta, we are committed to fostering strong partnership with our business partners, recognising our collective growth and success are closely interconnected. Our long-term vision is to create a prosperous future for the Black Mountain Complex where all stakeholders including our employees, business partners and surrounding communities can thrive. We look forward to Moolmans contribution towards this vision.”
This award reaffirms Moolmans as a premier African mining contractor.
-ENDS-
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Issued for: Aveng Limited
Issued by: Keyter Rech Investor Solutions
Media Contact: Deborah Chapman, Keyter Rech Investor Solutions: cc +2711 (0)76 650 4155 / [email protected]
