Gold developer Emerald Resources has signed a memorandum of understanding (MoU) with fellow-listed MACA to supply equipment and contract mining services for the Okvau gold project, in Cambodia.
The MoU was subject to a final investment decision to develop the project, but the scope of work under the mining contract will include load, haul, drill and blast. The initial term of the contract is currently seven years, with an option to extend, and would see some $220-million in revenue for MACA.