Mining contractor Macmahon Holdings has maintained its full-year earnings guidance but will delay previously planned capital expenditure in an effort to preserve cash.
Shares in mining contractor Macmahon Holdings have touched a new high for the year after the company reported a strong interim profit and upwardly revised its revenue and earnings guidance for the full financial year.
Macmahon Holdings has received a letter of intent from Silver Lake Resources for further work at the Mount Monger gold operations, including development of the new Santa mine.
Perenti Global will reassess the security situation in the West African nation of Burkina Faso following a deadly attack on its employees and other local workers.
Western Australia's two biggest charity events, Telethon and the MACA Cancer 200 Ride for Research, raised a collective $47.4 million for medical research over the weekend.
The distinctive benefits from corporate giving are clear for companies and employees alike and Macmahon is investing in initiatives that add tangible value not only to our employees, but also to fa
Our daily board moves wrap includes Amanda Buckingham, Bruce Munro, Hamish Tyrwhitt, Michael Finnegan, Andy Viner, Bilyana Smith, Andrew Hagen, and Anthony Brown.
Macmahon Holdings says it is likely to come to an agreement with Newcrest Mining in relation to increased revenue for its mining services contract at the Telfer gold project, while on the same day releasing positive full-year results.
As a mining contractor, Macmahon's core value of safety is driven by our view that no job is worth doing unsafely, which is particularly prudent given the environment in which we operate.
Macmahon Holdings and Newcrest Mining are heading towards a legal battle, after talks over a mining services contract dispute at the Telfer gold mine fell through.
Our daily board moves wrap includes Neil Biddle, Vyril Vella, John Rowe, Robert Kirtlan, Ken Poon, Kobe Li, Michael Carli, Adam Clode, Michael Di Tommaso, Terry Gardiner, Jamie Myers, Jordan Carlin, David Palumbo, Nathan Lude, Andrew Willis, Jack Fazio, and Alwyn Vorster.
Macmahon Holdings has responded swiftly to last week's unexpected retirement of two directors, including chairman Jim Walker, by reappointing Vyril Vella to its board.
Mining services firm Macmahon Holdings has acquired underground mining contractor GBF, which currently has around $266 million worth of work in its order book.
Macmahon Holdings has flagged the possibility of a $25 million to $35 million provision against its contract at the Telfer gold project amid ongoing negotiations with the project's owner Newcrest Mining.
Working in remote locations in a FIFO or DIDO arrangement can create higher than average rates of stress, not just for workers but also their families.
Tropicana gold project joint venture partners AngloGold Ashanti and Independence Group have approved the development of a new underground mine at a cost of $105 million.
Automotive Holdings Group has slipped out of the benchmark S&P/ASX 200 index, while six Western Australian companies have moved into the S&P/ASX 300 index.
Macmahon has reported a strong half-yearly result, but MACA and GR Engineering have seen their profit plunge compared to the prior corresponding period.
West Perth-based gold and uranium explorer Predictive Discovery said employees at its joint venture with Progress Minerals in the West African country of Burkina Faso were safe, after a geologist working for its Canadian partner was kidnapped from the project site and killed.
Mining contractor Macmahon Holdings has agreed to pay a $6.7 million settlement for a class action related to cost overruns at a construction project in 2012.
Macmahon Holdings has posted strong profit growth for the year to June, adding to a string of good results for local mining services companies, including Lycopodium and NRW Holdings.
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.
A not-for-profit group established and chaired by retiring Governor Kerry Sanderson has attracted strong corporate support in its mission to improve our state's parks.
Former Bunnings managing director John Gillam has been named as the incoming chairman of building products company CSR while Macmahon Holdings has bolstered its board by recruiting former Alcoa executive Kim Horne.
Overland Resources Limited is pleased to advise that it has executed a Sale and Purchase Agreement with Peter Gianni to acquire a 100% interest in Exploration Licence Application 53/1971 for a tota
Mining contractor Macmahon Holdings has announced that Giles Everist is moving from a non-executive director role to become the company's chief financial officer.
The joint owners of the Tropicana gold mine have approved spending of $48 million to underpin a new mining strategy that will see waste material from new pits tipped back into the original open pit mine, delivering increased production and a longer mine life.
Company director and business adviser David Humann, whose roles included chairing nickel miner Mincor Resources and contractor Macmahon Holdings and being a member of the global board of accounting firm Price Waterhouse (now PwC), has passed away after a short illness.
NRW Holdings has announced it has recently won $57 million worth of contracts through its Action Drill & Blast subsidiary, for work on five coal mines on the east coast.
Newcrest Mining will spend $93 million this quarter to expand its Telfer gold mine in Western Australia, after the state government was last week forced to abandon its planned gold royalty increase.
Macmahon Holdings chairman Jim Walker said the contract miner would focus on executing its growth plans after shareholders voted overwhelmingly today in support of a tie-up with Indonesian company PT Amman Mineral Nusa Tenggara (AMNT).
