- Macmahon Holdings (MAH) finalises a load-and-haul services contract with Talison Lithium Australia for the Greenbushes lithium project in WA
- The news comes on the back of Macmahon being selected as the preferred load and haul contractor for the project
- The agreement involves open cut mining activities of load and haul, plus crusher feed which will start from July 1 and span a seven-year period
- The contract has the option to extend for a further two years, and is estimated to generate revenue in excess of $1.1 billion over the contract’s term
- Macmahon Holdings is up 7.41 per cent, trading at 14.5 cents at 2:24 pm AEDT
Macmahon Holdings’ (MAH) shares are in the green following the news it has finalised a load-and-haul services contract with Talison Lithium Australia for the Greenbushes lithium project in WA.
The news comes on the back of Macmahon being selected as the preferred load and haul contractor for the project.
The contract involves open cut mining activities of load and haul, plus crusher feed which will start from July 1 and span a seven-year period.
The contract has the option to extend for a further two years, and is estimated to generate revenue in excess of $1.1 billion over the contract’s term.
Macmahon CEO and Managing Director Michael Finnegan said the company is delighted to finalise this contract with Talison Lithium for its Greenbushes lithium project.
“This contract will add approximately $1.1 billion to our order book, which delivers on our commodity diversification strategy into future relevant commodities,” he said.
“We have built a strong relationship with the Talison Lithium team and look forward to developing this project with them.”
Macmahon Holdings was up 7.41 per cent, trading at 14.5 cents at 2:24 pm AEDT.