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RAIDEN RESOURCES LIMITED — Capital/Financing Update 2013
May 30, 2013
65675_rns_2013-05-30_12e7d059-0f89-4b2a-99f4-03bd79c82799.pdf
Capital/Financing Update
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ASX Announcement
Friday 31 May 2013
SubZero sustains Supplementary Labour Hire Contract
SubZero Group Limited (SZG) has been awarded a renewed contract for Supplementary Labour Hire at Bengalla Mining Company (Bengalla), a Coal & Allied managed mine located in Muswellbrook, NSW.
Based on current labour supply, SubZero estimates the contract could generate up to $5.2m in sales revenue over the coming 7 months.
SubZero has been the sole provider of supplementary labour at Bengalla since 2011 and has been awarded the contract renewal following a rigorous formal tender process.
Mr Scott Farrell, SubZero Group’s Managing Director, commented on the contract:
‘SubZero has a strong relationship with Bengalla. We have come to know, and are in a strong position to fulfil their requirements. SubZero hopes to continue its relationship with Bengalla, providing quality supplementary labour hire.’
ENDS
For further information:
Jacalyn McIntosh – 0417 096 502 Marketing & Investor Relations SubZero Group Limited
About SubZero Group Limited
The SubZero Group carries on an established and profitable mining service business based in the Hunter Valley, New South Wales. Its clients are almost exclusively involved in the Hunter Valley thermal coal mining industry. SubZero Group’s services include mining project support, equipment hire, offsite engineering and fabrication, onsite machining, field services and heavy machinery repairs. SubZero has a presence in over 25 coal mines and over 90 clients including Rio Tinto, BHP Billiton and Xstrata. Further information can be found at the SubZero website: http://subzeroservices.com.au/
SubZero Group Limited ABN 68 009 161 522 PO Box 561 Muswellbrook NSW 2333 | P: 02 6540 9400 | F: 02 6540 9444 www.subzeroservices.com.au