AMN has formed a JV with an experienced logistics operator which will allow it to control its logistics chain, maximise and protect it from contracting risks. AMN is hoping to maximise the employment of local and indigenous people in the haulage operation and to facilitate this will be establishing training centres in local communities. The State and Federal government have committed to providing funds for the upgrade of the Tanami Road, and AMN has submitted an application for a concessional debt financing package for the 346km haul road that links the project with the Tanami Road. We maintain our SPEC BUY recommendation and $0.94 price target.
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