Macmahon reappointed as Dawson South mining contractor
Mining services firm Macmahon Holdings has been reappointed as mining contractor at the Dawson South project, in Queensland.
Dawson South forms part of Anglo American’s Dawson mine, an opencut steelmaking coal mine west of Gladstone.
Macmahon is the incumbent mining contractor at the Dawson South project and will continue to provide opencut mining services using the current Macmahon workforce, including load and haul, and equipment maintenance under the new contract.
The contract starts on July 1, 2024, for a period of up to three years, adding about A$130-million a year to Macmahon’s secured order book.
The capital expenditure requirements and capital intensity of the project over the new term are significantly lower following the sale of Macmahon’s Dawson South equipment fleet earlier this year.
“Macmahon recently sold a substantial portion of the Dawson South equipment fleet which will continue to be used at the mine,” said CEO and MD Michael Finnegan.
“I believe the new contract structure benefits our client, is aligned with Macmahon’s capital light strategy, and improves ROACE performance, where we recently increased the target from 15% to 20%,” he added.
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