Mining contractor Macmahon announced the execution of a Letter of Intent (LOI) with Wolfram Limited, a wholly owned subsidiary of Bumi Resources, for the restart of operations at the Mount Carlton gold mine, located 150 kilometres south of Townsville in North Queensland.
Macmahon’s offering of surface and underground mining services, as well as civil infrastructure services, forms the basis of the scope of the LOI for Mount Carlton. The parties are in negotiations on the terms of a contract, which is anticipated to have an initial term of 33 months.
“We are delighted to be working closely with Wolfram Limited and Bumi Resources on the restart of the Mount Carlton gold mine,” Michael Finnegan, managing director and CEO, said.
“We welcome this strategically important opportunity to demonstrate how effectively Macmahon’s businesses, surface and underground mining, and civil infrastructure, combine to deliver a comprehensive and seamless ‘whole of mine’ solution to our valued client.”
Early works, including the repair and maintenance of the mine access road, have already
commenced under the terms of the LOI. The restart of the surface mine is expected to
commence in April, with underground mining to follow shortly thereafter.
The total value of works, once the contract is executed, is approximately $250 million.
Source: Macmahon