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Mastermyne on the move

Australian investor confidence in flow-through gains from higher export coal prices has started spilling from the coal-producer equity space to service companies, with quality the common theme. Both ASX-listed Whitehaven Coal (WHC) and contractor Mastermyne (MYE) are up about 14.5% in the past week.

Mining Journal
ASX-listed Mastermyne is picking up new contracts as producers seek to capitalise on stronger coal prices

ASX-listed Mastermyne is picking up new contracts as producers seek to capitalise on stronger coal prices

Mastermyne, a specialist underground coal contractor, is seeing increased fleet utilisation on the back of “expanded scope in our existing contracts … [and an uptick] in tendering activity including major...

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