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Mastermyne Group Limited - Getting by with some help from friends
SUMMARY
- Mastermyne Group (ASX:MYE) is a leading Australian underground coal contractor.
- The company has announced a new mining services contract with GM3 at the Dendrobium underground metallurgical coal mine in NSW, adding more than 140 new roles and estimated gross revenues of ~$85m over an initial two-year term (up to ~$255m over six years if both two-year extension options are exercised).
- This builds on Mastermyne's existing strata consolidation work at Dendrobium and its ~220-role contract at GM3’s nearby Appin mine, reinforcing the $432m order book and demonstrating its ability to convert the $1.5b opportunity pipeline.
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- Mastermyne Group Limited - Getting by with some help from friends07 Aug 2026
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