MURRAY & ROBERTS HOLDINGS LIMITED - Murray & Roberts Mining Platform Awarded Two Contracts To The Value Of R1,2 Billion

Murray & Roberts’ Mining Platform Awarded Two Contracts To The Value Of R1,2 Billion

MURRAY & ROBERTS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1948/029826/06
JSE Share Code: MUR
ADR Code: MURZY
ISIN: ZAE000073441
(“Murray & Roberts” the “Group”)

MURRAY & ROBERTS’ MINING PLATFORM AWARDED TWO CONTRACTS TO THE VALUE
OF R1,2 BILLION

Murray & Roberts is pleased to announce that its multinational Mining platform secured two contracts in
its Cementation Americas business to the value of circa R1,2 billion.

Cementation USA secured the Underground Characterisation Development and Infrastructure project
in Utah for Rio Tinto’s Kennecott Utah Copper. The value is circa US$70 million. This initial scope
includes lateral development and associated infrastructure works and the award positions Cementation
USA well for the potential significant scope growth on this project.

Cementation Canada Inc has secured the completion of Phase 1 of the Jansen Potash project in the
province of Saskatchewan for BHP Canada Inc. This scope includes the post liner excavation, steel and
equipping of the shaft. The value of the complete project award, that is subject to a sanction decision
for the project, is circa US$170 million. Cementation Canada has, in the interim, received a works order
to proceed with the first work package to the value of US$12 million. Cementation Canada will apply to
also deliver the following phases of the project.

During the past year, mining companies in the Americas have experienced prolonged COVID-19 impact,
creating short-term order book pressure for engineering and contracting companies. These awards are
evidence of new mining investments returning to the region. The forecast improvement in capital
investment in the mining industry is encouraging and considering the platform’s leading global position
and growing near term project pipeline, there is good potential for accelerated growth for the Group’s
mining platform.

Bedfordview

03 August 2021

Sponsor
The Standard Bank of South Africa Limited

Date: 03-08-2021 11:00:00
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