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Blackwell awarded £85 million Mining Services Contract

Wolf Minerals Limited has awarded an £85 million Mining Services Contract for the Hemerdon tungsten and tin project to CA Blackwell (Contracts) Limited.

 The Contract is made up of two parts:

 Phase 1 - Mining pre-strip and Mine development

 Phase 2 - Mine production

 The Contract term for phase one is 11 months from the commencement date, followed by phase 2 which has a five year term from completion of phase 1 work.

 Formal commencement date for the project work under the Contract is currently expected to be in March 2014, dependent upon the progress of the project schedule.

Wolf tendered the Contract within the UK and internationally. The Company received eleven quality bids. The tenders were evaluated on the basis of quality and price. Wolf selected Blackwell for the Contract on this basis.

Commenting on the Contract award, Wolf Minerals Managing Director, Humphrey Hale said:

“Wolf is delighted to have had such a good response to the mining tender and is pleased to be working with CA Blackwell. This is another milestone for Wolf and a headline mining project for Britain.”

Blackwell Group

http://www.blackwellgroup.co.uk/