Posts Tagged ‘MacMahon’

ASX Company News: Gindalbie Metals Awards Rail Contract To Macmahon

Monday, August 23rd, 2010

Gindalbie Metals Limited (GBG) is pleased to announce the award of another key construction contract for the Karara Iron Ore Project in Western Australia.  Karara Mining Limited, the Joint Venture company, has awarded the contract for rail earthworks and track laying for the 85km spur line servicing the project to Macmahon a leading ASX-listed contracting group (MAH).

The contract, with an approximate value of $86 million, is for construction of the spur line connecting Karara to Tilley Siding, near Morawa, where it connects with the existing railway line running from Morawa to Geraldton.  The track itself will be supplied by Gindalbie’s Karara Project partner Ansteel, which is the biggest producer of rail in China and a world-leader in the efficient production of high-quality rail products.

Gindalbie’s Managing Director Mr Garret Dixon said Macmahon had been selected because of its strong project knowledge and extensive experience in constructing remote location iron ore railways, having undertaken work on both Rio Tinto’s and BHP Billiton’s rail lines in the Pilbara region.  “Macmahon has played a leading role in the redevelopment and construction of some of the busiest rail networks throughout urban and rural Australia and was a logical choice for us,” Mr Dixon said. “We are also pleased to be working with another West Australian-based company to deliver an additional major contract at Karara.”

Macmahon Managing Director and Chief Executive Officer Mr Nick Bowen said the award reinforced Macmahon’s depth of experience in rail construction and its strong presence in Western Australia’s resources market.  “This is an excellent win for our Construction Business. We have delivered numerous infrastructure contracts in Western Australia’s resources sector over many years and are very pleased with the opportunity to establish a new relationship with Gindalbie and Ansteel on the world-class Karara Project,” he said.

www.gindalbie.com.au

www.macmahon.com.au

http://www.traderdealer.com.au/Fundamentals/gbg

http://www.traderdealer.com.au/Fundamentals/mah

Post to Twitter

Tags: , , , , ,
Posted in ASX Company News | No Comments

Macmahon Holdings Secures $190 Million Coal Contract

Wednesday, March 17th, 2010

Macmahon Holdings Limited (MAH) announced today that it had been awarded a three year contract by Syntech Resources to develop and operate the new Cameby Downs coal mine in the Surat Basin in Queensland. The contract, valued at over $190 million, will see Macmahon undertake all mining activities for Stage 1 of the project, including planning, mine development, waste stripping, coal mining, coal preparation and train loading. Cameby Downs is located 17 km north east of Miles, which is approximately 360 km west of Brisbane.

Macmahon Chief Executive Officer, Nick Bowen, said that the award was an excellent addition to the Mining Business’s growing portfolio of work. “We are pleased to be able to work with Syntech Resources to develop this important initial stage of their project which will see them established as a significant coal producer in the Surat Basin. This award not only builds on our expertise in coal mining, it is also the first contract where we will operate and maintain the Coal Handling and Preparation Plant.  This contract win allows us to further develop our expertise in this area and provide customers with a full suite of services,” Mr Bowen said. In announcing the award, Syntech Resources chief executive Darian Hielscher said, “Syntech Resources is excited that a major milestone in the development of Cameby Downs has now been reached and that we have a world class contractor in Macmahon to develop and operate this site.”

Production will commence in July 2010 with the first coal train load expected in October 2010. At full production in Stage 1, the mine will produce 1.4 million tonnes each year of high quality thermal coal for export via Port of Brisbane. Stage 2 production is targeted at shipping in excess of 10 million tonnes via Port of Gladstone. Approximately 140 people will be employed on the site and, where practical, Macmahon will source the workforce from local communities.

www.macmahon.com.au

Post to Twitter

Tags: , , , ,
Posted in ASX Company News | No Comments

Macmahon Holdings Secures $65 million Tin Mining Contract

Thursday, February 4th, 2010

Macmahon Holdings Limited (MAH) announced that it has been provided with a Letter of Intent to undertake a two year, $65 million contract for Bluestone Mines Tasmania to carry out the mining activities at its Renison underground tin mine.  Bluestone Mines Tasmania is a wholly owned subsidiary of Metals X, Australia’s largest producer of tin. The mine is located on the west coast of Tasmania and is Australia’s richest source of tin.

The contract will see Macmahon undertake underground production and development works, as well as the overall management and maintenance of the mine owner’s mobile plant assets.

Macmahon Chief Executive Officer, Nick Bowen, said that this was an important award for the Company and demonstrates the value and expertise that Macmahon provides to its clients.  “Our strong reputation and skilled management team has helped us to successfully win this contract and we look forward to working with the client to deliver quality results,” Mr Bowen said “Furthermore, the award gives the Company greater geographical and commodity diversification,” he said.

The Renison mine is currently owner operated and this award will see Macmahon assume responsibility for the underground operations under contract.  Macmahon anticipates the workforce numbers to remain around the current levels.  It is anticipated that Macmahon will commence work on site in mid March 2010.

www.macmahon.com.au

Post to Twitter

Tags: , , , ,
Posted in ASX Company News | No Comments

MacMahon Holdings Secures Two New Contracts

Sunday, January 24th, 2010

Macmahon Holdings Limited (MAH) today announced that it has been awarded two overseas quarrying contracts for the French company, Lafarge, with a combined value of US$140 million.

Lafarge is the world’s largest producer of cement and has plants in more than 50 countries.  Macmahon Chief Executive Officer, Nick Bowen, said these awards were testament to the strong relationship that has been developed with this key client. “These contract wins highlight the positive relationship Macmahon has forged with this international company and demonstrates our strength in delivering quality services to clients over the long term,” Mr Bowen said. “We see the overseas market as an avenue to grow and diversify our business, and add further strength to our order book. Macmahon has worked with Lafarge for over five years, operating contracts in Malaysia and Indonesia and we have developed a highly successfully working relationship with this company.” Mr Bowen said that the contract award is a significant step in the Company’s strategy to expand its portfolio of overseas work. “This is our first contract in Africa and we are very excited about the opportunity to move into this new geographical market.”

The largest of these project awards is Ewekoro, a six and a half year contract in Nigeria valued at US$105 million. This contract will see Macmahon undertake overburden removal and limestone quarrying at the Ewekero cement operation located 120 kilometres North West of the Nigerian capital of Lagos. Ewekoro is an existing cement plant that has been in operation since the 1960’s. Lafarge is now building a new cement plant to meet growing domestic demand at the site which will require a significant increase in output from the limestone quarry. Macmahon will take over Lafarge’s existing fleet and quarry workforce as part of its contract. Work on the new contract is anticipated to start in February 2010, with the majority of the workforce to be sourced locally from Nigeria. Capital expenditure for the project will total around US$18 million over the life of the contract. Additionally, Lafarge has awarded Macmahon a five year, US$35 million contract extension at the Kanthan limestone quarry in Malaysia. Kanthan was the first contract Macmahon won with Lafarge in 2004.

www.macmahon.com.au

Post to Twitter

Tags: , , ,
Posted in ASX Company News | No Comments

Macmahon Holdings Awarded $60 million of Hunter Valley Rail Upgrade

Monday, August 3rd, 2009

Macmahon Holdings Limited (MAH) and Australian Rail Track Corporation (ARTC) announced today that ARTC has awarded Macmahon and MVM Rail work as part of the $100 million Ulan Line Alliance programme. The package is one of three capital works programmes designed to increase the coal carrying capacity of the Main Northern Railway Corridor in the Hunter Valley region of New South Wales. The Ulan Line Alliance will undertake the design and construction of eleven passing loops and associated tunnel ventilation works on the line between Muswellbrook and Ulan.

Macmahon Chief Executive Officer, Nick Bowen, said that the announcement reflected the Group’s growing ability to provide comprehensive civil infrastructure solutions to major customers, such as the ARTC. “This award highlights our expanding capability in large scale rail projects and reinforces to the market our depth of expertise in this area,” he said. “This project is one of several important packages of works which, once completed, will boost the capacity of this vital transportation network. “Furthermore, our strategy of pursuing growth opportunities in the New South Wales infrastructure sector is paying off, with this being the third major rail contract awarded in the past nine months,” Mr Bowen said.

While the value of the work to be carried out will be finalised in the coming months, it is anticipated that the total contract value applicable to Macmahon and its subsidiary MVM Rail will be approximately $60 million. Specifically, the programme will cover various civil, structure and track construction works in the Hunter Valley between Muswellbrook and Gulgong. ARTC have completed a detailed study of the ventilation works. It

is anticipated that the feasibility study will commence immediately after Commercial Alignment and construction works will then commence. This Project is to be completed by 31 December 2009.

www.macmahon.com.au

Post to Twitter

Tags: , , , ,
Posted in ASX Company News | No Comments

Macmahon Awarded 3 Government Water Contracts

Tuesday, May 12th, 2009

Macmahon Holdings Limited (MAH) announced today that it had been awarded three major government water infrastructure projects on the east coast of Australia. 

These projects, designed to improve regional water supplies are

•  Wyaralong Dam. This Alliance contract, for QLD Water Infrastructure, is part of the state’s strategy to ensure a sustainable water supply for South East Queensland. Macmahon will work as part of the Queensland Dam Consortium team to deliver the new dam and associated works. Macmahon have already completed significant water infrastructure projects in Queensland.

•  The Nepean Weir upgrade. This project, for the Sydney Catchment Authority, will involve the construction of new fish passages and the creation of environmental infrastructure. Macmahon will upgrade 10 weirs in the Hawkesbury-Nepean system, with these modifications designed to improve the health of the river.

•  The Blowering Dam upgrade. For the New South Wales State Water Corporation, it will see Macmahon undertake modification works, as part of the State Water Dam Safety Upgrade Program. Once complete, the upgraded dam will be able to handle extreme flood conditions, ensuring its future safety. 

Macmahon Chief Executive Officer, Nick Bowen, said the project wins demonstrate the Group’s ongoing success in the east coast construction market. “Our Construction Business is benefiting from the increased government spend on infrastructure projects, with these contract awards adding to our portfolio of government work. “The total estimated value of these three contracts for Macmahon is approximately $120 million, providing a solid platform for our Construction Business leading into the 2010 financial year,” Mr Bowen said. 

http://www.macmahon.com.au/

Post to Twitter

Tags: , , , ,
Posted in ASX Company News | No Comments

Macmahon and Leighton to Build New Pilbara Rail Line

Thursday, April 9th, 2009

Macmahon Holdings Limited (MAH), in joint venture with Leighton Contractors has been awarded a project by BHP Billiton Iron Ore, valued at more than $ 500 million for the double tracking of sections of Mt Newman rail line. Macmahon and its subsidiary MVM Rail, will be providing project management personnel, operating labor and equipment to the fully integrated joint venture team. The Macmahon share of the joint venture is 50%. 

The contract works include the construction of more than 1000 camp rooms with kitchens and recreational facilities, 1.2 million cubic meters of earth works, construction of 10 dual track bridges, laying of track to duplicate the existing railway line and installation of fiber optic cable. Work will begin immediately and is expected to be completed during the second half of 2010. 

Chief Executive Officer, Nick Bowen said that the Macmahon Leighton joint venture tem were looking forward to working together on this exciting project. He further said,”This project will provide BHP Billiton with additional capacity in the Pilbara region”. 

www.macmahon.com.au

Post to Twitter

Tags: , , , , , ,
Posted in ASX Company News | No Comments