MACA

The owner of a major magnetite operation in the Mid West has dropped MACA as its mining contractor, with NRW Holdings set to take over the work next year.

Listed mining and civil contractor MACA is back in the black after achieving record full-year revenue of $1.2 billion.

MACA, Mineral Resources and WesTrac have formed an alliance to support the Harry Perkins Institute of Medical Research’s fundraiser for cancer research.

Pilbara Minerals has awarded a $70 million contract extension to mining services company MACA and added Miriam Stanborough to the board as a non-executive director.

Telethon and the MACA Cancer 200 Ride for Research raised a record-breaking $69 million for medical research over the weekend.

Roy Hill has awarded MACA with a $70 million contract to continue open pit services at the iron ore miner’s namesake operation in the Pilbara.

Crothers Construction has been selected to upgrade a high school in Willetton, while MACA is building a series of bridges in the South West.

MACA’s revenues and earnings were driven by a strong pipeline of work during the half year despite a stifled labour market.

MACA has selected chief development officer David Greig to take over from outgoing chief executive officer Mike Sutton, who has stepped down after two and a half years.

Thiess has launched an off-market takeover bid to buy Western Australia’s largest mining services business for an estimated $350 million in cash.

NRW Holdings says its $375 million bid for WA’s largest mining services business MACA was rejected despite putting in a higher offer than rival bidder Thiess.

MACA has told investors that a merger proposal made public by contracting rival NRW yesterday is not superior to an all-cash takeover on the table from Queensland-based Thiess.

MACA has reported a $42.8 million net profit due to a strong pipeline of work across WA’s resources sector, but is providing few details on the status of a much-discussed takeover.

An independent expert has deemed Thiess’s $350 million friendly takeover for WA contractor MACA ‘fair and reasonable’, while intentions from rival bidder NRW are still unclear.

Thiess has tacked an extra $17.4 million on to its current offer to acquire all shares in MACA, with the target’s founding directors now backing an improved proposal of $1.075 per share.

Jules Pemberton-led NRW Holdings has withdrawn its takeover proposal for fellow WA contractor MACA a day after bidding opponent Thiess increased its front-running offer.

Mining contractor Thiess has moved to a 51.83 per cent shareholding in takeover target MACA, giving it effective control of the Perth company.

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MACA is seeking damages from Karara Mining over claims it is harboring infrastructure set up as part of a $920 million mining services deal for the miner's magnetite project east of Geraldton.

MACA Cancer 200 Ride for Research fundraiser has nearly reached its participant capacity for the 2023 event in only four weeks.

Rare earths developer Northern Minerals has appointed two Perth contractors for its proposed beneficiation plant at Browns Range in Carnarvon.

Perth-based NRW Holdings has reported strong growth in revenue and underlying earnings but suffered a fall in net profit after accounting for impairments linked to gold miner Gascoyne Resources.

Thiess has secured a $155 million contract to provide mining services at a greenfield copper mine in Chile.

The pipeline of big resources projects in WA increasingly features complex processing plants, despite a spate of large cost blowouts on projects currently under way.

Former GR Engineering managing director Geoff Jones has been appointed as non-executive chair of Mineral Resources-backed junior Global Lithium Resources.

Mining and civil services firm MACA has secured a $850 million contract extension for open pit mining activities at the Gruyere gold mine in the Goldfields.

Local contractors will share in a raft of new work building the iron ore mine being developed by Rio Tinto and Chinese steel major Baowu Group.

WA’s largest iron ore miner boosted spend on Indigenous businesses by 35 per cent in 2023 as part of an $8.8 billion outlay across the state.

Thiess subsidiary MACA Interquip has acquired engineering firm Subiaco-based Mintrex, with the companies set to integrate in the coming weeks.

Contractor MACA will provide mining, drill and blast services at Atlas Iron’s Miralga Creek project in the Pilbara, after winning a contract with the iron ore miner.

WA Labor’s election war chest has grown towards $250,000 courtesy of donations from high-profile businesses, while WA’s peak resources lobby group has given The Nationals a big boost.

Emerald Resources has extended its partnership with MACA, enabling the contractor to play a key role in the development of new gold mines in Australia and Cambodia.

Australia’s biggest charity bike ride has raised a record $10 million to fund cancer research at the Harry Perkins Institute of Medical Research.

The state’s workplace safety regulator has initiated legal action against mining companies over work fatalities, under new laws which increased the maximum penalty to $3.5 million.

Pilbara miner Rio Tinto spent more than $10 billion with Western Australian suppliers last year as it ramped up work on its iron ore sustaining projects.