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DMC Mining Services Signs Potash Project Contract
Dec. 16, 2010 12:34PM PST
Potash InvestingDMC Mining Services, the 100% owned mining services subsidiary of Quadra FNX Mining Ltd. (TSE:QUX),signs a contract to develop two new mine shafts at BHP Billiton’s (NYSE:BHP)Jansen Potash Project near Saskatoon, Saskatchewan.
DMC Mining Services, the 100% owned mining services subsidiary of Quadra FNX Mining Ltd. (TSX:QUX),signs a contract to develop two new mine shafts at BHP Billiton’s (NYSE:BHP)Jansen Potash Project near Saskatoon, Saskatchewan.
The press release is quoted as saying:
The total value of the contract is estimated at approximately US$400 million. Over the five year contract period DMC is expected to receive a combination of fixed and variable fees based on a percentage of the total contract value. The ultimate margin DMC will earn on the project is dependent on certain performance criteria including safety, schedule and costs.
Click here to access the entire press release
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