Macmahon Holdings Limited ( (AU:MAH) ) has shared an update.
Macmahon Holdings Limited has secured a three-year contract extension worth $900 million for its mining services at the Byerwen coking coal mine in Queensland’s Bowen Basin. This extension, which continues services from October 2025, strengthens Macmahon’s order book without requiring additional capital expenditure, as existing resources and personnel are already in place. The ongoing partnership with Byerwen Coal Pty Ltd, a joint venture between QCoal Group and JFE Steel, has been pivotal in stabilizing Macmahon’s business over the past eight years, and the company is focused on enhancing operational efficiencies through this continued collaboration.
More about Macmahon Holdings Limited
Macmahon Holdings Limited is an ASX-listed company that provides a comprehensive range of mining and civil infrastructure services across Australia and Southeast Asia. With significant expertise in surface and underground mining, as well as civil infrastructure, Macmahon is recognized as a preferred contractor for various resources, non-resources, public infrastructure, and renewable projects. The company emphasizes building strong, transparent relationships with clients to achieve mutually beneficial outcomes while minimizing risks.
YTD Price Performance: -17.14%
Average Trading Volume: 72,250
Technical Sentiment Signal: Sell
Current Market Cap: $308.4M
See more data about MAH stock on TipRanks’ Stock Analysis page.