Posted by Daniel Gleeson on sixth September 2024
Macmahon Holdings Restricted says it has been chosen by PT Citra Palu Minerals (CPM), a subsidiary of PT Bumi Sources Minerals Tbk, because the mining companies contractor for the Poboya gold mission in Sulawesi, Indonesia.
The scope for Macmahon will embrace open-cut mining actions together with drilling, loading, hauling, tools upkeep and mine website improvement. Macmahon can even work with CPM to discover numerous choices to develop its mines sooner or later.
The contract has commenced and is predicted to finish in September 2026, including roughly $54 million to Macmahon’s secured order e book, with minimal capital expenditure anticipated to be incurred throughout the interval.
Macmahon CEO and Managing Director, Michael Finnegan, stated: “We’re delighted to be chosen by CPM because the mining contractor for its Poboya gold mission in Indonesia which can add to our secured work in hand. Indonesia presents a terrific panorama for us to develop, given our current relationships and technique to work with most well-liked companions which have world-class tasks. I want to thank the Macmahon workforce who’ve labored intently with our consumer over the previous 12 months to construct a powerful relationship and assist the event of their Poboya gold mission. We’re excited in regards to the future development prospects of this mission.”
