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BUILDMAX LIMITED - Voluntary Announcement Relating To A New Contract Awarded

Release Date: 27/06/2017 08:00
Code(s): BDM     PDF:  
Wrap Text
Voluntary Announcement Relating To A 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 Anglo American Inyosi Coal Proprietary Limited in respect
of the Ogiesfontein Reserve at the Zibulo Colliery (the “Contract”).

The Contract commences 1 July 2017 and is for a duration of 36 months. The Contract has a value
in excess of R500 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 continued employment for the local Ogies community.

Johannesburg
27 June 2017

Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

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