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Defence firm Cobham has extended its Fly-in Fly-out (FIFO) service contract with Australian nickel producer Minara Resources to the end of 2015.
The two-and-a-half year contract extension is worth AUD$18m and builds on one of Western Australia's longest FIFO relationships, with Cobham's operations commencing in 2001.
The FIFO service entails transporting around 1,000 workers to and from the remote nickel mine at Murrin Murrin, some 560 miles north-east of Perth.
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"We are continuing to develop the services we offer to successful companies operating in Australia's growing mining and energy sectors," claimed Peter Nottage, vice-president of Cobham Aviation Services.
Cobham is Australia's largest contract aviation company with a fleet of 48 aircraft used across maritime surveillance, FIFO, freight and airline services.
JH
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
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