North American Construction Group Ltd. Announces Significant Five-Year Contract Extension in Australia [Financial Post (Toronto, Ontario, Canada)]
North American Construction Group Ltd. Common Shares (no par) (NOA)
Last north american construction group ltd. common shares (no par) earnings: 2/19 04:05 pm
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US:NYSE Investor Relations:
seekingalpha.com/article/4119118-north-american-energy-partners-noa-ceo-martin-ferron-q3-2017-results-earnings-call-transcript
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Source: Financial Post
Company”) (TSX:NOA.TO/NYSE:NOA) today announced that the MacKellar Group (“MacKellar”) has been awarded a five-year contract extension by a major metallurgical coal producer in relation to a mine in the state of Queensland, Australia. The contract contemplates the provision of fully maintained equipment and related services at the site operated by the producer. Article content The award extends the expiry date from June 6, 2025 to June 30, 2030 and qualifies as contractual backlog given minimum hour commitments in the agreement. Rental scopes are estimated at $100 million per year resulting in a total value from this extension of $500 million. The contract requires the addition of two loading units and one service truck, for between $20 and $25 million, which will be purchased in 2024 Q4 and bring the total dedicated fleet at this site to approximately seventy heavy equipment units. Article content “We are excited about this extension and look forward to continuing the relatio
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NOA
Earnings
- 5/1/24 - Beat
NOA
Sec Filings
- 5/1/24 - Form 6-K
- 4/19/24 - Form 6-K
- 4/1/24 - Form 6-K
- NOA's page on the SEC website