Northbridge Industrial Services Plc said its Middle East unit received a $2.9 million rental contract from Jabal Salab Co Ltd, which owns exploitation and development rights to the Jabali zinc deposit in Yemen.
The contract has a 12-month minimum service period of hire of equipment and is renewable after that period, the company, which hires and sells specialist industrial equipments, said on Thursday.
Northbridge said it would supply and maintain generators, transformers and associated equipment for the Jabali Zinc project under the contract, which is expected to start in September.
"Winning this contract represents an important successful step in Northbridge's objective of becoming a key supplier of specialised rental services in the Middle East," Chief Executive Eric Hook said in a statement.
Jabal Salab, whose majority shareholder is zinc producer ZincOx Resources Plc, has a 20-year exploitation agreement with the government of Yemen for zinc oxide deposit located 110 kilometres north east of Sanaa.
Source: Reuters
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