News Articles for MACA

MACA has secured a $26 million contract at the Fortescue Metals Group-operated Iron Bridge magnetite project in the Pilbara, while NRW Holdings secured a contract in Queensland.

Mining services firms GR Engineering Services and MACA have both recorded weaker profits for the full-year, with GR's bottom line slumping 45.7 per cent and MACA's by 12.7 per cent.

Mining and civil contractor MACA has announced a construct only contract with Main Roads WA to seal the Karratha to Tom price road.

MACA will provide a $12 million working capital facility for an expansion of Blackham Resources' Matilda-Wiluna operation.

Western Australians are putting their bodies on the line to provide vital funds for some of the state's most active medical charities and research organisations.

A group of mid-tier contractors has banded together to lobby for the federal government to introduce tougher rules on the flow of work from infrastructure projects.

Blackham Resources has announced a fully underwritten renounceable entitlements issue to raise $25.8 million, of which $10 million will be used to pay debts owing to contractor MACA and The Lind Partners.

Macmahon has reported a strong half-yearly result, but MACA and GR Engineering have seen their profit plunge compared to the prior corresponding period.

MACA has signed a memorandum of understanding for a $US220 million ($306 million) contract for Emerald Resources planned gold project in Cambodia.

MACA has been awarded a $28 million contract for work at Adaman Resources' Kirkalocka gold project near Mt Magnet.

Echo Resources has signed a letter of intent to award two mining contracts to MACA for its Yandal gold project near Leinster, while also announcing a $6.5 million capital raising backed by major shareholder Northern Star Resources.

A joint venture between MACA and Melbourne-based Coleman Rail has won an $11.1 million state government contract for road upgrades near Williams.

Contractor MACA has announced a hit to earnings due to tightening margins in its core mining division, with its net profit expected to slump to between $7 million and $9 million for the half year to December 2018.

The Channel 7 Telethon Trust achieved another fundraising record over the weekend, raising $38 million for medical research, but its success has not been shared across the charity sector, with Variety WA's Carols by Candlelight the latest of several events to be cancelled due to a lack of financial support.

The seventh annual MACA Ride to Conquer Cancer has raised $4.1 million, bringing the total amount raised by the event to over $31.8 million.

SPECIAL REPORT: WA's 30 gold miners achieved a small increase in aggregate output last year with the state's biggest producer, Newmont Mining, making up about a sixth of this at 1.1m ounces, research by Business News has found.

Welshpool-based MACA has secured a $700 million mining services contract at Carabella Resources' Bluff coal project in Queensland for the next 10 years.

Mining contractor MACA has reported a decline in net profit for the 2018 financial year, impacted by poor weather conditions across its Western Australian operations, but has announced a $1.28 billion order book.

MACA has extended a mining services contract with gold producer Regis Resources at its Duketon South operations near Laverton for the next five years.

Gold Road Resources has flagged further cost increases at its half-owned Gruyere gold project, while also extending an earthworks contract with MACA at the site.

Gold producer Beadell Resources has announced a board restructure and a new mining contract at its operations in Brazil, as the company pursues a primary listing in Canada.

Veterans' recruitment organisation Working Spirits is steadily increasing its profile among the Western Australian businesses community, with 10 former veterans recently finding placements, including with mining services business Macmahon Holdings.

Perth-based MACA has been awarded a number of new contracts, totalling about $60 million, including a $12 million variation to works at the Gruyere gold project near Laverton.

Perth companies MACA and gold producer Beadell Resources have agreed to terminate a mining services contract at Beadell's Tucano project in Brazil, leaving the miner to repay a $61 million loan.

Welshpool-based MACA has been awarded a $30.2 million state government contract for roadworks in the Pilbara region.

A joint venture between indigenous group Njamal Services and Pilbara Resource Group has added to its work book as a sub-contractor to MACA on a major lithium project.

Local contractor MACA has locked in a $27.5 million contract for crushing and screening services at BHP Billiton's Area C mine in the Pilbara.

Local contractor MACA has secured nearly $40 million of work, including contracts for Panoramic Resources and Sandfire Resources in Western Australia worth up to $12 million.

The value of Western Australia-related equity capital markets deals jumped to $4.2 billion in the March quarter, helped to a large degree by a handful of large transactions.

Opinion: The business community's embrace of cycling fundraising events provides benefits way beyond just the dollar value raised.

Three local mining contractors have released their half-year results today with mixed outcomes, as Ausdrill posted a big increase in profit while MACA and Swick Mining both registered a decline in profit despite increased revenue.

Gold miner Blackham Resources has completed a $36 million entitlement issue with help from underwriters, as the company seeks to cut debt.

Blackham Resources has signed up Hartleys as lead manager for a $36 million capital raising that will be priced at just 4 cents per share, while mining contractor MACA has agreed to lend $14 millio

Struggling gold producer Blackham Resources has released positive production results for December after being given a two-week reprieve on a $14 million debt repayment earlier this week.

Mining veteran Milan Jerkovic is taking the reins at embattled gold producer Blackham Resources, which has negotiated a standstill agreement on a $14 million debt repayment due this week and plans to ask shareholders to contribute $36 million of new capital.

Mining and civil contractor MACA has announced a hit to earnings due to underperforming contracts in its Interquip and Victorian infrastructure divisions.

This year's MACA Ride to Conquer Cancer has raised $4.1 million to support work at the Harry Perkins Institute of Medical Research.

Mining and civil contractor Maca has raised $60 million to expand its mining fleet, driven by what the company described as an exceptional pipeline of available work.

Pilbara Minerals has chosen MACA to carry out mining services work at its Pilgangoora lithium-tantalum project for an undisclosed sum.

The value of a strong team in a crisis was highlighted by mining chief David Flanagan during his recent discussion with Business News.