North American Construction Group (TSE:NOA) has released an update.
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North American Construction Group Ltd. (NACG) has secured a significant five-year contract through MacKellar Group, valued at approximately $375 million, with a leading metallurgical coal producer in Queensland, Australia. The contract, which will fully ramp up by mid-2025, involves transitioning to a fully maintained fleet and requires additional capital investment for on-site maintenance and extra equipment. This deal elevates NACG’s total contractual backlog to over $3.0 billion, underscoring their strong presence and client trust in the Australian market.
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