1050 More Rooms to House New Miners

 

 

It’s full steam ahead in the Bowen Basin, with an extra 1050 new rooms to be built by The MAC Group at its accommodation village at Moranbah, Dysart, Middlemount and Nebo to cater for the mining boom.

The announcement comes on the back of news that the construction of 200 to 300 homes will be fast-tracked in Moranbah.

The latest developments will ensure the future growth of the coal mining industry in the Bowen Basin in the Mackay hinterland.

The MAC Services Group Limited has announced to the Australian Stock Exchange that it has secured contracts for an additional 1050 rooms to be installed at its accommodation villages at Moranbah, Dysart, Middlemount and Nebo.

The Village expansion program will run through financial year 2010 – 11 with the majority of the new rooms being installed in the second half of the financial year. “We announced these potential village expansion plans at the half year and can now confirm that all the additional rooms have been contracted,” The MAC’s chief executive officer, Mark Maloney, said. “Based on those contracts, we are proceeding with the manufactures and install program.

“We expect to have this program largely completed by the end of the current financial year.
“The additional rooms reflect increased demand for our Bowen Basin villages and will give us an additional 1050 contracted rooms to service the increasing demand in this region.
“That delivers on our previously stated growth plans for the current financial year.
“The installation of 400 of the additional rooms remains subject to local development approval , and we are working through that process.”

In addition to the village expansion program, The MAC Group has also renewed three major accommodation contracts at its villages at the mining towns of Moranbah, Dysart and Nebo.

“The renewed contracts cover a total of 2050 existing rooms at these villages.
“We are pleased out key customers in our Bowen Basin villages. “That is a real endorsement of our unique accommodation and services package,” Me Maloney confirmed.

“These renewals for 2050 existing rooms, plus the additional 1050 new rooms that have been contracted, improve our already strong contracted forward revenue profile.”