Why the Maca (ASX:MLD) share price is edging higher today

The Maca Ltd (ASX: MLD) share price is edging higher this morning after the company announced a contract win. At the time of writing, the mining and civil construction company’s shares are trading at $1.06, up 1.92%.

Let’s take a closer look and see what Maca updated the ASX with.

What’s pushing the Maca share price higher?

Investors are pushing the Maca share price higher after digesting the company’s latest update.

In its announcement, Maca advised that it has secured a ‘Hire and Maintenance’ contract for CITIC Pacific Mining Management (CPM). This will see Maca provide a number of services at CPM’s Cape Preston Sino Iron magnetite project. Situated 100km south-west of Karratha in the Pilbara region, the project is…