Mining services contractor Macmahon Holdings has been selected as preferred contractor for the Groundrush exploration decline project in the Northern Territory.
Macmahon Holdings shares reached 61 cents early on Wednesday - their highest in 13 years - following the execution of two contracts with an overall value of $843 million.
Perth Airport-based contractor Macmahon Holdings has increased its Indonesian presence, after securing an underground mining contract with PT Freeport Indonesia.
Macmahon Holdings has booked a further $144 million in civil works contracts, including provisions to deliver further upgrades to Marble Bar Road in the East Pilbara.
Michael Finnegan-led Macmahon Holdings has received notice of a three-year contract extension, valued at $900 million, for work at the Queensland-based Byerwen coking coalmine.
Macmahon Holdings has been awarded a contract over work on the Poboya gold project in Indonesia, with the deal expected to add $317 million to the company's orderbook.
Macmahon Holdings posted a reduced net profit of $30 million during the first half of the 2025 financial year, which was down 17.8 per cent from $36.5 million.
Mining services contractor Macmahon Holdings has booked a two-year contract extension at the Daisy Milano gold mine in the Goldfields, valued around $90 million.
The Macmahon Holdings subsidiary told the market this morning it had been awarded the tender for the upgrade of approximately 23 kilometres of Marble Bar Road.
ASX-listed contractor Macmahon Holdings has offloaded a substantial portion of its mobile equipment fleet for about $44 million from a project in Queensland.
Persistent inflationary and labour pressures have not waned Macmahon and Perenti's positive outlook as the two mining contractors record earnings growth for the 2023 financial year.
Macmahon Holdings boss Michael Finnegan says the contractor is nearing its earnings margin target after narrowing its 2023 financial year guidance expectations.
Mining services contractor Macmahon Holdings will invest more than $10 million in Calidus Resources' plan to raise $38.5 million to expand its gold project in the Pilbara.
Macmahon Holdings has won two substantial contracts in as many days totalling nearly $1 billion after securing a contract extension with a gold project in Indonesia.
Macmahon Holdings has recorded steady growth in its first half and has increased its revenue guidance after renegotiating a contract extension for work in Indonesia.
Perth-based Macmahon Holdings has struck a renegotiated contract extension with Amman Mineral for work on its Indonesian copper and gold mine but under substantially different terms.
Macmahon has cited the credentials of Greenbushes' ‘long-term and loyal workforce' in preparing a team to deliver on a $1.1 billion contract it has won with Talison Lithium.
Dacian Gold will suspend mining at its flagship Mt Morgans operation in Laverton citing “significant” cost pressures, while ushering in a new chief executive to oversee a leaner operating model.
Mining contractor Macmahon Holdings has conceded its approach to tackling sexual misconduct had been reactive before the inquiry into sexual harassment in the industry.
Listed contractor Macmahon Holdings has secured further work at the Tropicana and Telfer mines in Western Australia, with the contracts worth more than $600 million in total.
Silver Lake Resources has suspended operations at its Daisy complex near Kalgoorlie-Boulder after an employee working for contractor Macmahon Holdings passed away this morning.
