Develop wins A$200m underground contract at OceanaGold’s Waihi North
Australian mining services and development company Develop Global has secured a A$200-million underground mine development contract at OceanaGold’s Waihi North gold project, in New Zealand’s North Island.
The five-year contract will see Develop establish key access tunnels for the Waihi North Project, which hosts a mineral resource of about 1.2-million ounces of gold. Work is scheduled to commence in the first half of 2026, following a mobilisation phase that will focus on building a local workforce and deploying Develop’s in-house underground mining specialists.
Develop MD Bill Beament said the award highlighted the strength of the company’s Mining Services division and its depth of underground expertise.
“This contract reflects the strength and depth of our Mining Services division, which includes some of the most experienced underground mining specialists,” Beament said.
He added that Develop was pleased to be partnering with a major international miner. “We are delighted to be working with such a highly regarded multinational mining house as OceanaGold and we look forward to combining the skills and experience of our people with a strong local workforce.”
OceanaGold, which is listed on the TSX, is a gold and copper producer with a market capitalisation of about C$8.8-billion and operates four mines globally.
The contract adds further long-dated earnings visibility to Develop’s services business and strengthens its presence in the New Zealand underground mining market, as OceanaGold advances development of its next growth project at Waihi.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Projects
Latest Multimedia
Latest News
Showroom
Electrifying the world in a safe, smart, and sustainable way, ABB Electrification is a global technology leader in electrical distribution and...
VISIT SHOWROOM
For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
