Macmahon Holdings has confirmed its new three-year contract at the Byerwen coking coal mine in central Queensland is worth A$792 million and could grow to $1.32 billion with a further two-year extension.
The ASX-listed contractor reported a notice of award back in April.
Macmahon has been providing opencut mining services at Byerwen, owned by QCoal Group and Japan’s JFE Steel, since 2017.
“We are very pleased to finalise the contract at Byerwen,” said Macmahon CEO Michael Finnegan.said:
“The QCoal relationship and Byerwen project are incredibly important to Macmahon and have helped underpin the Company’s continued growth over the last nine years.”
