Lynas Rare Earths inks mining services contract with Carey Group

Lynas Rare Earths (ASX: LYC) has awarded a five-year mining services contract to Carey Group for work at its Mt Weld rare earths mine in WA.

Upon commencement of the contract — which is expected in April — Lynas will transition from campaign mining to continuous mining over the five-year period to supply ore to the expanded Mt Weld process plant.

Under the contract, Carey will mobilise a mining fleet consisting of production drilling, excavation, hauling and auxiliary equipment. Carey will also provide new haul trucks with a focus on technologies designed to improve efficiency, productivity and precision.

Carey managing director Daniel Tucker says the company is pleased to work with Lynas.

“We are immensely pleased for the opportunity to work with a global leader such as Lynas, and grateful to receive this contract award which continues to build on our history of the delivery of contract mining services in the Goldfields,” he said.

“As a leader of First Nations business in Australia, this long-term contract will allow us to deliver value for Lynas, Carey, other First Nations businesses and local supply chain partners. I look forward to a successful partnership with Lynas.”

A signing ceremony was held in Perth with Lynas managing director and chief executive Amanda Lacaze commenting on the contract.

“Lynas is delighted to award the Mt Weld mining contract to Carey. Carey has almost 30 years of experience working with open pit mine environments and is a leading contractor in its field,” she said.

“We share Carey’s values and commitment to providing career opportunities and skills development for First Nations people. We look forward to working with Carey as we continue to enhance our operations, safety and sustainability through this contract.”