News Articles for Michael Finnegan

Perth Airport-based contractor Macmahon Holdings has increased its Indonesian presence, after securing an underground mining contract with PT Freeport Indonesia.

ASX-listed Macmahon Holdings has announced a second significant contract win in the space of a day.

Black Cat Syndicate has commenced underground mining at its Majestic project in the Goldfields after awarding a $55 million contract to Macmahon.

Macmahon Holdings has booked a further $144 million in civil works contracts, including provisions to deliver further upgrades to Marble Bar Road in the East Pilbara.

Macmahon subsidiary Decmil Group has been awarded two contracts, worth a total of $80 million, over work in Western Australia and the east coast.

Macmahon Holdings has secured a series of underground mining-based contracts in Western Australia, valued at $172 million.

Michael Finnegan-led Macmahon Holdings has received notice of a three-year contract extension, valued at $900 million, for work at the Queensland-based Byerwen coking coalmine.

Macmahon Holdings has been awarded a contract over work on the Poboya gold project in Indonesia, with the deal expected to add $317 million to the company's orderbook.

Macmahon Holdings posted a reduced net profit of $30 million during the first half of the 2025 financial year, which was down 17.8 per cent from $36.5 million.

Macmahon Holdings subsidiary Decmil Group has booked a $50 million contract to work on the freeway link between Melbourne and Geelong.

Perth Airport-based Macmahon Holdings has won a seven-year contract worth $463 million for work at the Awak Mas gold project in Indonesia.

Mining services contractor Macmahon Holdings has booked a two-year contract extension at the Daisy Milano gold mine in the Goldfields, valued around $90 million.

Covalent Lithium has awarded Macmahon Holdings subsidiary Decmil Group a $123 million contract over road works on the Mount Holland lithium project.

The Macmahon Holdings subsidiary told the market this morning it had been awarded the tender for the upgrade of approximately 23 kilometres of Marble Bar Road.

Mining services company Macmahon Holdings has added to its 2025 financial year order book, thanks to its recently acquired subsidiary Decmil Group.

Perth-based Macmahon Holdings has confirmed one of its employees has been killed at the Byerwen coal mine in Queensland.

Local contractors Monadelphous, Macmahon and Mader Group posted upticks in their full-year revenue for the 2024 financial year.

Mining services contractor Macmahon will continue to work on the Dawson South project in Queensland under a contract worth $390 million.

ASX-listed contractor Macmahon Holdings has offloaded a substantial portion of its mobile equipment fleet for about $44 million from a project in Queensland.

Persistent inflationary and labour pressures have not waned Macmahon and Perenti's positive outlook as the two mining contractors record earnings growth for the 2023 financial year.

Macmahon Holdings boss Michael Finnegan says the contractor is nearing its earnings margin target after narrowing its 2023 financial year guidance expectations.

Mining services contractor Macmahon Holdings will invest more than $10 million in Calidus Resources' plan to raise $38.5 million to expand its gold project in the Pilbara.

Macmahon Holdings has won two substantial contracts in as many days totalling nearly $1 billion after securing a contract extension with a gold project in Indonesia.

Perth-based Macmahon Holdings has secured a contract extension valued at $440 million for its mining services at a coal operation in Queensland.

Macmahon Holdings has recorded steady growth in its first half and has increased its revenue guidance after renegotiating a contract extension for work in Indonesia.

Perth-based Macmahon Holdings has struck a renegotiated contract extension with Amman Mineral for work on its Indonesian copper and gold mine but under substantially different terms.

Perth-based Talison Lithium has finalised a $1.1 billion contract with Macmahon Holdings for services at the Greenbushes lithium project.

A dispute over a construction contract on the $338 million Coburn Mineral Sands Project has escalated to the Supreme Court of Western Australia.

Macmahon has cited the credentials of Greenbushes' ‘long-term and loyal workforce' in preparing a team to deliver on a $1.1 billion contract it has won with Talison Lithium.

Dacian Gold will suspend mining at its flagship Mt Morgans operation in Laverton citing “significant” cost pressures, while ushering in a new chief executive to oversee a leaner operating model.

Mining contractor Macmahon Holdings has conceded its approach to tackling sexual misconduct had been reactive before the inquiry into sexual harassment in the industry.

Listed contractor Macmahon Holdings has secured further work at the Tropicana and Telfer mines in Western Australia, with the contracts worth more than $600 million in total.

Mining services provider Macmahon Holdings has secured new work from Northern Star Resources following $1.3 billion in recent contract wins.

Silver Lake Resources has suspended operations at its Daisy complex near Kalgoorlie-Boulder after an employee working for contractor Macmahon Holdings passed away this morning.

Perth-based Macmahon Holdings has been named preferred mining contractor for Anglo American's Dawson coal operations in Queensland.

Goldminer Red 5 has named Macmahon Holdings as the preferred mining contractor for its King of the Hills project near Leonora.

Victoria's St Barbara has appointed Macmahon Holdings as the new mining contractor for its Gwalia operations near Leonora under a $500 million agreement.

ASX-listed Macmahon Holdings has reported higher annual earnings, attributing the growth to contracted work in its underground mining division.

Macmahon Holdings has secured a $220 million contract for work on Silver Lake Resources' Deflector gold-copper underground mine in WA.

ASX-listed Macmahon Holdings has secured a $250 million mining contract in Queensland and gained a $20 million extension in works in WA.