Macmahon Holdings

Macmahon Holdings has signed an agreement to purchase TMM Group, a civil construction company with annual revenue of about A$60 million (US$47 million). The acquisition will provide Macmahon with additional civil capability for mining-related earthworks and rehabilitation projects in Australia.

Macmahon Holdings executed a $350 million mining contract in Queensland.

Macmahon Holdings won a mining contract worth at least $250 million at Dacian Gold's Mt Morgans operation in Western Australia.

Macmahon secured a three-year, $350 million contract to provide open cut mining and bulk earthworks at the new Byerwen Coal Mine in Queensland's Bowen Basin.

Dacian Gold awarded Macmahon Holdings a $250 million contract for open pit mining services at the Mt Morgans gold project's Jupiter open pit in Western Australia. The five-year contract includes drilling, blasting, loading, hauling and technical services, with a 31-month extension option.

Macmahon shareholders approved a transaction with PT Amman Mineral Nusa Tenggara (AMNT) that will award Macmahon a life-of-mine alliance contract for earthmoving and mining services at the Batu Hijau copper-gold mine in Indonesia. Macmahon will acquire existing mobile mining equipment from AMNT and issue new shares to an AMNT subsidiary.

Macmahon Holdings signed binding documentation for a potentially transformational transaction with PT Amman Mineral Nusa Tenggara (AMNT). Macmahon will be the life-of-mine mining services contractor for AMNT's Batu Hijau copper-gold mine in Indonesia, expecting to generate revenue of US$2.9 billion over the life of the operation, and will acquire mobile mining equipment valued at US$145.6 million.

Contracts were awarded for Gold Road Resources' $507 million Gruyere project, including to GR Engineering Services, Maca, and Civmec. Macmahon Holdings was selected as preferred contractor for a new Queensland coal mine.

Macmahon Holdings will acquire equipment with an estimated value of about $150 million from PT Amman Mineral Nusa Tenggara, issuing new shares equal to 40-50.1% of its expanded share base.

Macmahon Holdings has signed a non-binding heads of agreement to acquire equipment valued at about $150 million from PT Amman Mineral Nusa Tenggara and be awarded a life-of-mine contract for earthmoving and mining services at the Batu Hijau copper-gold mine in Indonesia, with an order book of about $2.7 billion.

NRW Holdings' subsidiary Action Drill and Blast was awarded a $40 million drill and blast contract by Macmahon Holdings for services at Newcrest Mining's Telfer gold mine in Western Australia. The 66-month contract is ADB's second project in the gold sector.