Mining contractor Macmahon Holdings has won a ten-year, $900 million mining contract for the Tropicana gold joint venture between AngloGold Ashanti and Independence Group.
Mining and construction contractor Macmahon has announced it has won three contracts for Rio Tinto's Pilbara iron ore expansion worth a combined $129 million.
Transport Minister Troy Buswell has announced a joint venture featuring contracting group Downer EDI has won its third significant road maintenance deal, this time a $152 million contract in the Kimberley.
Shares in construction and mining company Macmahon Holdings have tumbled 21 per cent today after the company forecast a "break even" result for the first half of the 2011 financial year.
Macmahon Holdings has been awarded a $74 million state government contract to design and construct the Great Eastern Highway-Roe Interchange Project in Midland.
Macmahon Holdings has confirmed today it has been awarded a $90 million contract by national transport provider QR for the upgrade and expansion of a rail corridor in Queensland.
Macmahon Holdings has confirmed it is poised to receive a $90 million government contract as it responded to a query by the Australian Securities Exchange.
Macmahon Holdings is set to win a two-year, $65 million contract from Metals X to carry out mining activities at the Renison tin operation in Tasmania.
Macmahon Holdings has appointed Ken Scott-Mackenzie as chairman, replacing Richard Carter who has decided to retire at the company's general meeting in November.
Construction and mining contractor Macmahon Holdings has secured an extension of its contract at BHP Billiton's Olympic Dam mine, valued at more than $110 million.
Engineering and mining services provider Macmahon Holdings will axe a further 360 jobs over the next two months as it forecasts second-half profits to collapse as mining contracts are cancelled and rain hampers operations.
Macmahon Holdings is expected to lose 75 per cent of its Argyle Diamonds' revenue and possibly lose 200 of its contractors as Rio Tinto scales back production and development work at the Kimberley mine.
BHP Billiton's approval to proceed with further expansion works at its Pilbara iron ore operations has proved to be a boon for Macmahon Holdings, which today secured a $50 million contract with the miner.
Mining contractor Macmahon Holdings has downgraded its annual growth forecast for 2009 to between 10 per cent to 20 per cent growth as the economic crisis delays projects.
Ausdrill Ltd has blamed a fall in the company's share price on hedge fund selling after comments from suitor Macmahon Holdings Ltd that its takeover bid was unlikely to succeed.
In a boost to its takeover bid for Ausdrill Ltd, Macmahon Holdings Ltd has received acceptances from Ausdrill shareholders with nine per cent of the company's stock following the establishment of an institutional acceptance facility last week.
Macmahon Holdings Ltd has further strengthened its takeover bid for Ausdrill Ltd, waiving several conditions and allowing shareholders to keep the final six cents dividend.
Takeover target Ausdrill Ltd has posted a 28 per cent increase in its full year net profit on the back of a six per cent increase in revenue to $391 million.
Ausdrill Ltd has rejected Macmahon Holdings Ltd's increased takeover offer, saying the new bid represented less value for shareholders than the original offer.
