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Macmahon shareholders are expected to meet in July to consider the deal.

Macmahon, AMNT progress ‘transformational’ deal

Macmahon Holdings has finalised documentation for what is a potentially transformational deal with Indonesia's PT Amman Mineral Nusa Tenggara, two months after announcing a heads of agreement in the midst of a hostile takeover battle.

Under the deal, Macmahon will provide earthmoving and mining services for AMNT's Batu Hijau copper and gold mine, while the Indonesian company wil become its biggest shareholder.

Macmahon says the 14-year life-of-mine contract is expected to generate revenue of $US2.9 billion and materially improve earnings in the 2018 financial year.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/07/17

1 year TSR5 year TSR
103rdVietnam Industrial Investments71%10%
117thMacmahon Holdings62%-21%
140thNRW Holdings52%-22%
322ndDecmil Group4%-15%
710 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

29/06/17
$21k Bought
13/06/17
$80k Bought
02/03/15
$11k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

18th↓Macmahon Holdings$358.3m
19th-Vietnam Industrial Investments$315.5m
21st↑Decmil Group$299.8m
22nd↓NRW Holdings$288.0m
230 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Macmahon Holdings

674thJim Walker$178k
646thEva Skira$98k
1100thVyril Vella$98k
Ranked by total remuneration from all listed WA companies

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