MACA Limited announced it has now finalised the Hire and Maintenance contract for CITIC Pacific Mining Management Pty Ltd. (`CPM') at the Cape Preston Sino Iron magnetite project, located 100km south west of Karratha in the Pilbara region. The contract is expected to generate $200 million in revenue for MACA over a 36 month term commencing in April 2021. MACA's work in hand position at Feb21 is $3.4 billion.