MLG Oz Strengthens ASX300 Presence with $20M Rio Tinto Contract Amid Rapid Growth

2 min read | May 26, 2025 03:54 PM AEST | By Team Kalkine Media

Highlights

  • MLG Oz secures $20 million contract with Rio Tinto (RIO).
  • Expansion follows major haulage deal with Westgold Resources (WGX).
  • Growing footprint among ASX300 mining services providers.

Kalgoorlie-based mining services provider MLG Oz (ASX:MLG) is building on an impressive 2025 performance by winning a $20 million contract with Rio Tinto (ASX:RIO). This new agreement marks a significant step in MLG Oz’s expanding role within the resource sector and highlights its growing reputation as a key player in Australia’s mining industry.

The contract covers a broad range of off-road bulk ore haulage services, including material loading, rock breaking, unloading, stockpile management, and road maintenance at Rio Tinto’s Western Turner Syncline mine, located in the Pilbara region of Western Australia. The 12-month deal is expected to generate approximately $20 million in revenue, supporting ongoing mining operations.

This latest win follows a similar notable contract secured earlier this year with Westgold Resources (ASX:WGX). That agreement, which spans an initial three years, involves bulk haulage services to transport run-of-mine ore to processing facilities at Higginsville and Lakewood in WA’s Goldfields. MLG Oz also manages ore stockpiles and maintains haul roads under this contract, with potential annual revenue exceeding $25 million.

These developments are part of a wider trend of contract growth for MLG Oz, which has recently worked with other industry leaders such as Northern Star Resources (ASX:NST), Evolution Mining (ASX:EVN), and Norton Gold Fields. The company’s increasing presence among top-tier miners strengthens its position within the competitive ASX300 index.

MLG Oz’s Managing Director noted the possibility of this contract evolving into a longer-term partnership with Rio Tinto. The mining giant’s interest reflects MLG Oz’s innovative hub-and-spoke delivery model, which focuses on operational efficiency and quality service delivery — attributes highly valued in the current resource sector landscape.

For investors exploring ASX dividend stocks, companies like MLG Oz represent an intriguing part of the mining services ecosystem within the ASX300 index, where resource sector growth often contributes to attractive dividend potential.

MLG Oz’s recent contract wins showcase strong momentum and increasing influence in Australia’s mining services sector, reinforcing its role as a growing contributor to the ASX300 mining landscape.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.