Moolmans Enters Into A New Five-Year Contract With Tshipi Ntle
Moolmans Enters Into A New Five-Year Contract With Tshipi Ntle. Aveng is pleased to announce that its South African based contract mining subsidiary, Moolmans, has entered into a new five-year contract with its long-standing client Tshipi é Ntle. The new contract is valuedat approximately R7 billion.
This contract award will result in significant investment in equipment, people, processes and systems and is firmly aligned with Aveng’s goal of ensuring a fit-for-purpose organisation capable of sustainable and profitable long-term growth. Moolmans, with support of Tshipi é Ntle, has placed an order for 16 new Cat 785D trucks, five of which are already on site and awaiting commissioning. The remaining 11 trucks are expected to be fully operational by June 2023. Additionally, two new Liebherr excavators and four new bulldozers are on back order, together with an existing Liebherr excavator undergoing a full OEM refurbishment.
The award of this contract signifies a key strategic milestone for Moolmans, which is actively selecting and entering into long-term and commercially viable contracts, coupled with the necessary investment in Heavy Mining Equipment. Moolmans continues to pursue other opportunities in Sub-Saharan and West Africa. Tshipi é Ntle mines manganese in the Northern Cape province of South Africa. Moolmans has been providing contract mining services to Tshipi é Ntle since 2011.
For more than 125 years, Aveng has evolved in character, capability, capacity and reach, and continues to make its mark across the globe. Its origins lie in modest construction projects but the Group was a significant player in infrastructure, operating in a diverse range of sectoral and geographical markets. At the end of the FY2018, the company employed some 14 158 people and had an annual turnover in excess of R30 billion.
