Macmahon Holdings has been chosen by PT Citra Palu Minerals (CPM), a subsidiary of PT Bumi Sources Minerals Tbk, because the underground mining companies contractor for the Poboya gold venture in Sulawesi, Indonesia.
The award is an interim underground mining companies contract. Underneath the interim scope of works, Macmahon will present all underground mining growth and ore mining actions together with drilling, loading, hauling, gear upkeep and mine companies help.
The contract will start instantly and stay on foot below a cost-plus association till Macmahon and CPM finalise and execute an alliance model, underground mining companies contract for 5 years. The complete contract worth continues to be to be decided, however is anticipated so as to add
roughly A$317 million ($200 million) to Macmahon’s orderbook.
The information follows an interim announcement from Macmahon made final yr.
As a part of its mine working technique, CPM will probably be supplying all main capital gear and infrastructure for the venture.
Macmahon presently offers open-pit mining companies on the Poboya gold venture.
Macmahon CEO and Managing Director, Michael Finnegan, stated: “We’re delighted to proceed working with CPM on the subsequent stage of the Poboya gold venture which is able to see us increasing our companies to incorporate each floor and underground. We stay up for constructing on our valued relationship and are targeted on rising the Poboya asset whereas persevering with to drive security and efficiency outcomes for our consumer.”
