Macmahon Awarded $485m Extension at Telfer

Key points

• $485m contract extension awarded at Telfer Gold Mine
• 42-month term for Macmahon Contractors
• Significant expansion of mining operations
• Long-standing partnership with Greatland Resources

Full summary

Macmahon Holdings Limited (ASX: MAH) announced that its subsidiary, Macmahon Contractors, secured a 42-month extension at the Telfer Gold Mine in Western Australia, valued at $485 million. This extension, awarded by Greatland Resources, involves increased mining volumes and the delivery of comprehensive mining services. Michael Finnegan, CEO, emphasized the importance of this milestone, highlighting the company's decade-long operational performance at Telfer and its commitment to delivering safe and productive outcomes.

Outlook

The extension is expected to enhance Macmahon's operational capabilities and reinforce its strategic partnership with Greatland Resources.