Macmahon snaps up Pantoro, Foxleigh contracts

Macmahon

Image: Macmahon

Macmahon subsidiary GBF has secured a $20 million contract extension with Pantoro for the Wagtail and Nicolsons underground gold operations in Western Australia.

This is a two-year extension that will extend GBF’s tenure at the project to 2023.

Macmahon managing director Michael Finnegan said the company was delighted to continue the strong relationship that GBF had built over many years with Pantoro.

“The contract extension is another important step in our strategy to further expand in the underground market and we remain very well placed to continue growing our underground business,” he said.

The Nicolsons project is Pantoro’s flagship operation and includes Wagtail as its second underground mine.

Aside from the new contract win, Macmahon has formally received a contract at the Foxleigh coal joint venture (JV) project in Queensland, after being selected as preferred contractor in October.

The contractor will provide equipment hire and maintenance services at the mine, which is a JV among QMetco, POSCO Australia and Nippon Steel Australia.

The work is expected to give Macmahon around $250 million of revenue over a five-year term, and on track to commence in March next year.

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