Sinosteel Midwest Corporation

Mining contractor Maca has suffered another blow to its order book, with Sinosteel Midwest Corporation announcing plans to halt operations at its Blue Hills hematite project in the Mid West after failing to gain environmental approval for an expansion.

In its latest push for greater conservation in mining regions, the Environmental Protection Agency has classified a proposed Mineral Resources iron ore project in the Yilgarn as 'environmentally unacceptable'.

Welshpool-based contractor MACA has raised its full-year net profit by 12 per cent to $55.4 million despite weather setbacks during the year, and increased revenue by 25.2 per cent to $595.4 million.