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BUILDMAX LIMITED - New contract awarded

Release Date: 15/09/2017 11:06
Code(s): BDM     PDF:  
Wrap Text
New contract awarded

BUILDMAX LIMITED
Incorporated in the Republic of South Africa
(Registration No. 1995/012209/06)
Share Code: BDM
ISIN Code: ZAE000167318
(“Buildmax” or “the Company”)


VOLUNTARY ANNOUNCEMENT RELATING TO A NEW CONTRACT AWARDED


The Company’s board of directors is pleased to announce that Buildmax, through its subsidiary,
Diesel Power Opencast Mining Proprietary Limited (“Diesel Power”) has been awarded a contract
to provide open cast mining services to Mzimkhulu Mining Proprietary Limited at the Mzimkhulu
Colliery near Ogies in Mpumalanga (the “Contract”).

The Contract commences 14 September 2017 and is for a duration of 48 months. The Contract
has a value in excess of R800 million and includes plant and funding costs.

We are delighted with this Contract in that it aligns to the Company’s growth strategy whilst
ensuring employment for the local community.

Johannesburg
15 September 2017

Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

Transaction advisors to Mzimkhulu Mining Proprietary Limited: Waterstone Consulting Proprietary
Limited

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