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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"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
-
Which investment trusts could benefit from lower interest rates?As vehicles for long-term investments, many investment trusts were hit when interest rates rose in 2022. With interest rates expected to fall by the end of the year, could now be the time to invest in one of these unloved sectors?
-
How to protect your personal and financial data from cyber attacksM&S and the Co-op are the latest retailers to suffer from cyber hacks but consumers also need to be vigilant
