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…
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Red 5 goes green at King of the Hills
Open pit mining has now commenced at Red 5’s King of the Hills gold operation in Western Australia by its mining contractor, Macmahon. Read full article from The Asia Miner.
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