# U&M signs LOM mining contract with Beadell at Tucano gold mine

Beadell executed a life-of-mine mining contract with U&M Mineração e Construção S/A for the Tucano gold mine in Brazil, expected to reduce LOM mining costs by ~$100 million. U&M will be paid on a 100% volume basis.

- Type: Contract
- Announced: 2018-07-16
- Where: Tucano gold mine, Brazil
- Value: $100.0M
- Status: completed
- Products: mining services
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Beadell Resources](https://endata.com/companies/33136.md) (customer)
- [U&M Mineração e Construção](https://endata.com/companies/33137.md) (supplier)

## Sources

- [im-mining.com](https://im-mining.com/2018/07/16/um-gets-lom-volume-basis-contract-beadell-tucano-gold-mine/), 2018-07-16: "We are pleased to have reached an agreement with U&M that we believe will materially improve the financial performance of the Tucano Gold Mine."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.