Page 38 - gmj144-July-Sept-mag-web

Listed MLG hits top gear

A buoyant mining services sector, unprecedented growth “Our strength is in our service offering and our ability to grow in
opportunities and a unique offering, MLG Oz Ltd’s arrival onto the tandem with customers,” he says. “ASX listing gives us a broader
ASX in May proved ideal timing but is just the beginning of a major platform and widens our horizons at a time when the growth rate of
growth phase for the company. customers is also increasing.”
MLG hit the bourse after raising $70.1 million at IPO – one of the Kalgoorlie-based MLG Oz has been providing logistics expertise to
most impressive in a busy marketplace of mining services floats in miners across the Eastern Goldfields for more than a decade but it
2021. The closing price of $1.265 valued MLG at $184.2 million, not has increasingly found its expertise in supply chain management
bad for a company which boasted revenue of just $10 million in 2011. across the project spectrum.
MLG provides a range of services to mine sites, including crusher feed, as its long-term clients grow and regulatory requirements become
road maintenance, rehabilitation work, vehicle maintenance, machine more complex, the company is finding its service offering is changing.
and labour hire and mine site haulage including end-to-end logistics From simple loading and hauling, paste fill and road maintenance
solutions, with a dedicated facility at the Esperance Port. services for Gold Fields Ltd at Agnew gold mine in 2011, MLG’s
It is a far cry from the silica mining and haulage contract it started offering has graduated to include light vehicle maintenance, lime
with in 2002 but is testament to the ability of managing director supply, ore haulage, concentrate haulage and port services to a suite
Murray Leahy and his experienced team to tailor its offering to client- of precious and base metal miners across Western Australia. For the
specific needs. However, the enhanced balance sheet power created past eight years it has provide mobile and fixed plant crushing services
by the listing has set the company up to make similar strides over to Fortescue Metals Group Ltd’s Christmas Creek iron ore mine.
coming years. Integration is key to MLG’s recent success with the company
“The additional capital raised through the IPO will initially be used developing a multifaceted approach which has given it the skills and
to reduce the company’s debt and support working capital needs expertise to advise clients on supply chain management across the
associated with our ongoing growth,” Leahy says. “This will provide project spectrum.
us with the capability to continue to obtain new equipment and “It is not just about providing aggregate in the construction phase
expand our operations to support our clients and develop new client and trucking services in the operations stage, we offer advice and
relationships.” planning from as early as the DFS,” Leahy says
For Leahy, the move to listed entity simply gives MLG the ability to do Despite the expansion into iron ore, MLG’s core business remains
what it does best, match customers’ own growth ambitions.

Integrated supply chain

solutions