Mastermyne Group (ASX:MYE) negotiated a six-month extension of its contracts with Anglo American Steelmaking Coal in relation to its specialist contracting services at Anglo American's underground operations, according to a Monday Australian bourse filing.
The extension is expected to generate AU$25 million to AU$30 million in revenue, per the filing.
The extended contract is separate from the current five-year contract with Anglo American for fault consolidation products and services.
Mastermyne's shares fell 9% in recent trading on Monday.
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