Macmahon wins $33m contract at Indonesia’s Toka Tindung mine
Mining contractor Macmahon has secured a A$33-million contract with PT Tambang Tondano Nusajaya (PT TTN), a subsidiary of PT Archi Indonesia, for underground mining services at the Toka Tindung gold mine in North Sulawesi.
The 32-month contract will cover all underground exploration mine development services and associated works. Macmahon noted that key mining equipment needed at commencement would be primarily sourced from its existing fleet, with its 2026 financial year capital expenditure budget remaining unchanged.
“We are delighted to be selected as the mining contractor at the Toka Tindung gold mine, a high-quality asset with significant growth potential. This award reflects our strategic focus on responsibly expanding in Indonesia through long-term partnerships with respected companies like PT Archi,” said Macmahon MD and CEO Michael Finnegan.
“I would like to thank our team for the commitment and effort they have invested over the past two years to build a trusted relationship with PT Archi, one that we look forward to strengthening in the years ahead.”
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