Contract engineer Macmahon Holdings has been awarded a handful of new contracts in Australia, including an underground mining services contract at the Deflector underground gold copper mine in the southern Murchison region of WA.
The scope for Macmahon includes all underground and mine development and production services and all other associated works.
The contract will commence on 1 May for a two-year period, but may be extended by agreement, and is expected to add approximately $105 million to Macmahon’s secured order book.
As Macmahon already has its people and mining fleet deployed and operating at Deflector, there is no significant capital expenditure required beyond sustaining capital expenditure.
“We are very pleased to have been awarded an underground mining services contract at Deflector where we have worked closely with the Vault team over several years,” said Managing Director and CEO Michael Finnegan.
Macmahon has also been confirmed by Genesis Minerals Limited as the mining contractor for the Gwalia and Ulysses gold projects located in the Leonora region of Western Australia.
The scope for Macmahon, at both projects, includes all underground and mine development and production services and all other associated works.
The existing Gwalia contract has been terminated by mutual consent and the parties have entered into a new contract that includes the services at both Gwalia and Ulysses, Macmahon said.
The 13-month contract commenced in April and is expected to add $67 million to Macmahon’s secured orderbook.
Finnegan said: “We are delighted to continue as the mining contractor for Genesis at the Gwalia and Ulysses gold projects, both key assets in Genesis’ strategic growth plans for the Leonora region. We look forward to supporting Genesis and I am confident we will continue to build on our strong relationship.”
Source: macmahon.com.au