COVID-19

The Mader repatriation

Company closing its international division with the exception of its US operations.

Mader is bringing its expatriate workers home.

Mader is bringing its expatriate workers home.

Australia's Mining Monthly is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to AMM, click here.

At this stage the company is unaware of any confirmed COVID-19 cases among its employees.

In its home markets of Australia, it has been mostly business as usual given mining has been deemed essential and Mader's offering supports mining.

In a statement to the Australian Securities Exchange, Mader said activity levels remained strong, particularly in Western Australia's Pilbara and Goldfields regions.

The company also reported that the majority of its workforce resided in the same state as their operations so bans on interstate fly-in, fly-out travel, such as the one Queensland announced on March 31, should not have any real impact.

That said, the company is working through what changing interstate travel restrictions will mean for its roster patterns with its clients and staff.

Given the COVID-19 situation is developing faster in North America than expected, Mader is bracing for some impacts there.

It said while it had enjoyed strong organic growth in its US operations and its services were still being well utilised, a lower degree of client diversification leaves those operations more exposed than its better established operations in Australia.

That has led the company to make the decision to bring its expatriate workforce home from its international operations.

Those returning workers will be mostly used across Australia's major mining regions.

The company has also decided to suspend its international division, excluding the US.

On the financial front, Mader reports the only major impact on its earnings is that international division suspension. It is responsible for about 5% the company's annual revenue.

Given the uncertainty the COVID-19 pandemic is causing Mader has, like many of its mining services peers, withdrawn its 2019-20 financial year adjusted net profit after tax guidance of $19.3 million.

 

 

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production