Macmahon Holdings has made further updates to its board composition, appointing two new directors and transitioning the position of its chief executive officer.
Macmahon Holdings expects an “acceptable agreement” will be made with Newcrest Mining in the near future regarding an increase in revenue from contracts at the Telfer gold mine in Western Australia.
Macmahon Holdings will remain in a trading halt on the Australian Securities Exchange (ASX) in anticipation of an announcement about its contract dispute with Newcrest Mining.
Stay on top of the most popular stories on Australian Mining over the past week, including BHP’s plans to expand its Nickel West division in Western Australia.
Macmahon is set to escalate its contract dispute and pursue legal action against Newcrest Mining to get better rates for its work at the Telfer project in Western Australia.
Macmahon has moved to replace its outgoing directors by reappointing old non-executive director, Vyril Vella.
Stay on top of the most read articles on the Australian Mining website over the past week, including the Australian gold price’s continued rise to new heights beyond $2000 an ounce.
Macmahon Holdings has confirmed that it has made a $48 million takeover offer for GBF Underground Mining.
Macmahon and Newcrest Mining have stepped into good faith negotiations over the Telfer project in Western Australia, which could lead to litigation if unsuccessful.
Managing editor Ben Creagh travelled through Europe with Liebherr ahead of Bauma 2019 in Germany to discover the origins and future direction of the equipment manufacturer.
Macmahon has confirmed market speculation about its potential takeover of the GBF Underground Mining group, which could provide it with a strong access to the Western Australian Goldfields.
The Tropicana joint venture has cemented the Western Australian gold mine’s future by approving the Boston Shaker underground development.
Macmahon enjoyed increased activity in key projects during the six months ending December 2018, which puts the company on track to earning a billion dollar revenue this mid-year.
Byerwen Mine west of Collinsville may be well known to locals but the heavy machinery world will be scrambling for Google maps after a milestone delivery of a Caterpillar machine to the mine yesterday.
Mining contractor Macmahon has almost doubled its revenue growth to $710 million for the 2018 financial year in a significant improvement on 2017 figures.
Eight mining equipment, technology and services (METS) companies have received a total of $7.14 million from the Department of Industry, Innovation and Science to tackle METS sector priorities.
Contractor Macmahon has released its first half report for 2018, posting $270m in revenue ending December 2017, up $168.3m from the previous period.
Mineral processing contractor Sedgman has won contracts at QCoal Group’s Byerwen coal mine in Queensland worth almost $100 million.
Contractor Macmahon has executed a $350 million mining services contract at the Byerwen coal mine in the Bowen Basin of Queensland.
Action Drill & Blast (ADB), a subsidiary of NRW Holdings, has been awarded several mining contracts worth a combined $57 million.