Macmahon Holdings Unit Selected as Preferred Underground Mining Contractor for Medallion Metals Project

MT Newswires Live

Aug 12

Macmahon Holdings (ASX:MAH) said Medallion Metals (ASX:MM8) selected its Macmahon Underground subsidiary as the preferred underground mining contractor for the Ravensthorpe gold project in Western Australia, according to a Wednesday filing with the Australian bourse.

The contract has an initial term of 36 months and is valued at about AU$240 million, per the filing.

The scope of the works, expected to start in the December quarter, includes portal establishment, underground development, production, and ancillary works.

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