Macmahon sells Dawson South equipment

Photo: Macmahon

Macmahon has executed an equipment sale agreement to sell a substantial portion of its remaining mobile equipment fleet at Anglo American’s Dawson South project in Queensland. 

The mobile equipment was sold at market rates, which Macmahon said were at or above book value, for cash consideration. The sale is expected to result in A$44 million of net cash inflows for the mining contractor.

Macmahon’s current surface mining contract at Dawson South is due to end on 30 June. Negotiations on the terms of a new contract, which is expected to commence on or before 1 July, is ongoing. 

Dawson South forms part of the Dawson mine – one of Australia’s longest-established coal operations.

Source: Macmahon

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