Macmahon secures $250m contract

Mining contractor Macmahon Holdings has secured a $250 million open-pit mining contract for Dacian Gold’s Mount Morgans gold mine.

The five-year contract, which will involve drilling and blasting, loading, hauling and technical services, also has an option to extend for a further 31 months.  

Macmahon chief executive Michael Finnegan said he was looking forward to working closely with Dacian.

“This is an exciting project and one that we have been following for some time,” he said

“To receive this letter is extremely gratifying and we look forward to delivering on this project for the benefit of both parties.

“Throughout the tender process we have built a trusted relationship with Dacian Gold, and today’s announcement is a testament to the value-driven service proposition that Macmahon has been able to offer.”

The announcement follows on from Macmahon recently being awarded a three-year, $350 million contract at the Byerwen coal project in Queensland.