Tox Free renews Rio iron ore contract

Tox Free Solutions has renewed its contract with Rio Tinto to provide waste management services for the mining giant. 

Toxfree will continue to provide waste management services across all of Rio's iron ore operations in the Pilbara, having done so for the past four years.

The value of the contract was not disclosed.

The company said it looked forward to continuing its relationship with Rio over the long term.

Toxfree last month signed a new contract to provide waste management for Rio's Dampier Salt operations in Port Hedland and Dampier. 

It also secured a contract with Titan Energy to provide waste collection and water services for drilling and camp activities at various locations in Queensland's Surat basin.

The Titan contract is expected to generate revenue of about $17 million over two years against capital expenditure of $2 million over the same period.

Toxfree shares were trading 2 cents higher at $3.28 at 10:45am WST.