Decmil Group, a wholly owned subsidiary of ASX-listed Macmahon Holdings, has further enhanced its working relationship with Rio Tinto.
Decmil Group, a wholly owned subsidiary of ASX-listed Macmahon Holdings, has further enhanced its working relationship with Rio Tinto.
Macmahon told the market on Monday that Decmil had booked a $120 million contract in relation to the company’s West Angelas sustaining project in the Pilbara.
Beginning this month and expected to be completed by next year, Decmil will facilitate the construction of a heavy haulage road, along with a series of light vehicle access roads.
Macmahon said there was no change to the company’s FY26 guidance range of between $2.6 billion-$2.8 billion.
Monday’s announcement follows on from news last month that Decmil had secured two significant contracts in as many days.
Along with securing a $51 million slice of an overall $91 million contract for plant work at the Waddi Winfarm in Western Australia’s Mid West region, Decmil also booked an $81 million to provide work at Rio’s mobile equipment maintenance workshop expansion project at its Brockman 4 mine in the Pilbara.
“With this award, we are pleased to further strengthen our strategic relationship with Rio Tinto and partner with them to deliver the bulk earthworks project at the West Angelas project, Macmahon boss Michael Finnegan said.
"It helps build momentum in our civil infrastructure business transitioning to larger civil projects.
"This award brings a total of $201m in civil contract wins for Decmil with Rio Tinto (Brockman MEM $81m, WASP $120m) which generates substantial earnings momentum into the second half of FY26 and FY27.”
As of 12.27pm, Macmahon shares were down 1 per cent to 71 cents.
