Advertise your business here! 🚀

Contact us now and get more customers.

Smiling woman thumbs up

Macmahon Inks Underground Mining Contract In Indonesia

mining
Mar 07, 2025
Article Source LogoAustralian Mining
Australian Mining

Macmahon Holdings has been appointed as the underground mining services contractor at the Poboya gold project in Sulawesi, Indonesia, with the interim contract taking effect immediately.

Poboya is owned by PT Citra Palu Minerals (CPM), a PT Bumi Resources Minerals Tbk subsidiary. Macmahon currently provides open-cut mining services to the project.

Under the new contract, Macmahon will provide works such as underground mining development, ore mining activities, drilling, loading, hauling, equipment maintenance and mine services support.

CPM will supply all major capital equipment and infrastructure for Poboya.

“We are delighted to continue working with CPM on the next stage of the Poboya gold project which will see us expanding our services to include both surface and underground,” Macmahon managing director and chief executive officer Michael Finnegan said.

“We look forward to building on our valued relationship and are focused on growing the Poboya asset while continuing to drive safety and performance outcomes for our client.”

The interim contract will remain on foot under a cost-plus arrangement until Macmahon and CPM can finalise and execute a five-year, alliance style, underground mining services contract.

The contract’s value has not been determined as of yet, but it is expected to add approximately $317 million to Macmahon’s orderbook.

In other Macmahon news, the diversified contractor delivered $1.2 billion in revenue for the six months ending December 31, a 22 per cent increase from the prior corresponding period.

Subscribe to Australian Mining and receive the latest news on product announcements, industry developments, commodities and more.

Share Your Insights!

Publish your articles, reach a global audience, and make an impact.

0
Recent Comments

Mining Related News You might want to check out

View by
How 5G Is Powering The Next Era Of ‘Smarter’ Mining
How 5G Is Powering The Next Era Of ‘Smarter’ Mining
Global Mining Review
11 July 2025
mining
Barminco Secures $130M Mining Contract From Westgold Resources In Australia
Barminco Secures $130M Mining Contract From Westgold Resources In Australia
Mining Technology
26 June 2025
mining
Ghana Expects Us$12 Billion A Year From Small-Scale…
Ghana Expects Us$12 Billion A Year From Small-Scale…
Africa Mining Market
22 May 2025
mining
Ghana Expects Us$12 Billion A Year From Small-Scale Gold Mining
Ghana Expects Us$12 Billion A Year From Small-Scale Gold Mining
Africa Mining Market
22 May 2025
mining
World'S First Fleet Of 100 5G-A Autonomous Electric Mining Trucks Launched At Yimin Mine
World'S First Fleet Of 100 5G-A Autonomous Electric Mining Trucks Launched At Yimin Mine
Global Mining Review
20 May 2025
mining
Understanding The Next Steps In The $20 Trillion Seabed Mining Opportunity
Understanding The Next Steps In The $20 Trillion Seabed Mining Opportunity
Global Mining Review
16 May 2025
mining
Canada Growth Fund Commits $111M For Foran Mining’S Mcilvenna Bay Project
Canada Growth Fund Commits $111M For Foran Mining’S Mcilvenna Bay Project
Mining Technology
15 May 2025
mining
Vedanta Resources Weighs Zambia Copper Ipo To Fund Us$1 Billion Investment
Vedanta Resources Weighs Zambia Copper Ipo To Fund Us$1 Billion Investment
Africa Mining Market
02 May 2025
mining
Weir Completes $840M Acquisition Of Mining Software Company Micromine
Weir Completes $840M Acquisition Of Mining Software Company Micromine
Mining Technology
01 May 2025
mining
The Evolving Landscape Of Sustainable Mining
The Evolving Landscape Of Sustainable Mining
Global Mining Review
17 April 2025
mining
Queensland Committed To Streamlining Mining Approvals
Queensland Committed To Streamlining Mining Approvals
Australian Mining
16 April 2025
mining
Mining'S Moment To Go Fully Electric
Mining'S Moment To Go Fully Electric
Global Mining Review
16 April 2025
mining