GBF

GBF Underground Mining Company has been awarded a three-year contract at Millennium Minerals’ Nullagine gold project in Western Australia.

Mining services firm Macmahon Holdings has acquired underground mining contractor GBF, which currently has around $266 million worth of work in its order book.

The end of the financial year has triggered the sale of a spate of long-running private companies in Western Australia, including global tech leader Immersive Technologies, mining consultancy CSA Global and Action Industrial Catering.

ASX-listed Maximus Resources has reached a $5.2 million sale agreement for its Burbanks gold processing plant in the Coolgardie region, after its previous $5.8 million deal with Adaman Resources fell through.

Macmahon Holdings has received a letter of intent from Silver Lake Resources for further work at the Mount Monger gold operations, including development of the new Santa mine.

Shares in mining contractor Macmahon Holdings have touched a new high for the year after the company reported a strong interim profit and upwardly revised its revenue and earnings guidance for the full financial year.

Mining contractor Macmahon Holdings has maintained its full-year earnings guidance but will delay previously planned capital expenditure in an effort to preserve cash.

The big iron ore miners are thinking about what’s next in the pipeline after projects such as South Flank and Koodaideri.

ASX-listed Macmahon Holdings has secured a $250 million mining contract in Queensland and gained a $20 million extension in works in WA.

Macmahon Holdings has secured a $220 million contract for work on Silver Lake Resources’ Deflector gold-copper underground mine in WA.