Babylon Pump and Power has received a new three-year off-site repair contract with Rio Tinto Services in Western Australia.
The contract is specifically for supply of off-site repair services for pumps and generators for multiple Rio Tinto sites, though specific mines were not identified. The contract commences immediately upon signing, the two said on 15 November, and following the initial term has a two‐year extension potential.
No financial details have been released, as the contract does not provide any commitment or guarantee of revenue. The company’s board, however, has deemed the contract to be material.
“Babylon’s Board is grateful for the confidence Rio Tinto has placed in the company and looks forward to continuing a strong and positive working relationship with Rio Tinto,” the firm said.
Source: Babylon Pump and Power