Macmahon secures $20 million contract with Pantoro

16 December, 2020

Macmahon subsidiary GBF has secured a $20 million contract with Pantoro for the Wagtail and Nicolsons underground gold operations in Western Australia.

This is part of a 2-year extension that will see the project through to 2023. The company is delighted to continue the strong relationship that GBF had built over many years with Pantoro, according to the Macmahon Managing Director, Michael Finnegan. 

“The contract extension is another important step in our strategy to further expand in the underground market and we remain very well placed to continue growing our underground business,” he said.

Wagtail is a second underground mine, whilst the Nicolsons project is Pantoro’s lead operation. 

Second to the above contract win, Macmahon has formally received a contract at the Foxleigh coal joint venture (JV) project in Queensland. The estimated revenue is expected to be $250 million over a five-year term and will begin in March 2021.

Article summarised from Australia Mining.