KUALA LUMPUR (Oct 26): Minetech Resources Bhd will have two more years to provide waste removal, ore delivery and associated services for an open pit gold mine in Pahang — the Selinsing Gold Mine — for RM24 million. Minetech's wholly-owned unit Minetech Construction Sdn Bhd inked the contract renewal today, via two separate agreements, with Able Return Sdn Bhd and Damar Consolidated Exploration Sdn Bhd. The extension, the second after the original contract was inked in 2009, began on July 1 this year, according to Minetech's bourse filing today. Minetech first clinched the job, a three-year deal, from Selinsing Gold Mine Manager Sdn Bhd on May 25, 2009, for RM37 million. Shares in Minetech closed unchanged at eight sen, with a market capitalisation of RM52.13 million.

Source: The Edge Markets October 26, 2016 10:41 UTC