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Macmahon (ASX:MAH) services selected for Dawson Mine

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ASX:MAH      MCAP $549.5M
30 March 2021 14:50 (AEST)

Macmahon (MAH) has been selected to provide surface mining services for Anglo American’s Dawson Mine in Queensland at the Dawson South operation from July 2021.

Macmahon offers a package of mining services to miners throughout Australia and Southeast Asia, specialising in both surface and underground mining.

Dawson South forms part of the Dawson Mine, an open cut metallurgical coal mine that forms part of a joint venture between Anglo American and Japan’s Mitsui Group.

Macmahon estimates the contract will generate around $200 million in revenue over the three-year term.

“We are very pleased to be selected for the Dawson South operation by Anglo American, a leading global mining company,” said Macmahon’s CEO and Managing Director, Michael Finnegan.

“We look forward to working very closely with our new client to ensure a smooth transition period and continuity of safe operations. This new project further strengthens our growing east coast presence.”

The mining services agreement should be signed in the not-so-distant future.

Macmahon is down 3.66 per cent, trading at 19.8 cents at 1:15 pm AEDT.

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