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Moly Mines awards Spinifex Ridge mining camp contract

Published: 23:35 08 Sep 2010 AEST

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Moly Mines (ASX/TSX: MOL) has awarded a multi-million-dollar contract to manage the Spinifex Ridge Iron Ore Project mining camp to ESS Pantarlangu Pty Ltd, a joint venture between the traditional owners and custodians of Spinifex Ridge and the Compass Group.

The contract award was celebrated today at a signing ceremony attended by representatives of the Njamal people, Moly Mines Managing Director Dr Derek Fisher and the Chairman of the Hanlong Group Mr Liu Han.

ESS Pantarlangu, a joint venture between Pantarlangu Pty Ltd (40%) and Compass Group (60%), was the successful bidder for the contract to provide accommodation management services at Spinifex Ridge, 45km north east of Marble Bar.

The agreement is the first contract to be awarded to a Njamal-related entity under Moly Mines’ Land Access Agreement with the traditional owners.

The joint venture contract, which extends for the life of the project, supports indigenous participation in the supply of accommodation management services including catering, cleaning, ground maintenance and other aspects of maintaining the village.

The contract is scheduled to commence in mid-October 2010.

Dr Fisher said the contract would guarantee indigenous involvement at the 1Mtpa iron ore mine and participation in a significant operations’ contract.

The mine is expected to ship its first ore from Port Hedland in December this year.

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