MAH is looking healthy.... thinking in enter it again....
Macmahon grows its mining portfolio
Thursday, January 31, 2008
MACMAHON Holdings is continuing to expand its portfolio of mining contracts with $200 million in contract wins for the Sinclair Nickel Project and Olympic Dam.
Jubilee Mines awarded Macmahon a four-year contract for the development and mining of its new nickel sulfide project at Sinclair, located about 300km north of Kalgoorlie in Western Australia.
The Sinclair Nickel Project is expected to become an underground mining operation about two years into the contract, following the completion of the openpit component.
Macmahon has also secured an 18-month contract extension with BHP Billiton for Olympic Dam in South Australia.
With 250 employees at the mine, Macmahon will deliver 18,000m of lateral development, install more than 100,000m of cable bolts and apply some 72,000 cubic metres of shotcrete during this next phase of the contract.
Macmahon has been onsite at Olympic Dam since January 2004, when it secured its first development contract for the mine.
Chief executive Nick Bowen said the new contract wins meant Macmahon had $1.2 billion, or 95%, of its forecast revenue locked away for 2008.
http://www.miningnews.net
Jubilee's Cosmos plant
200 million dollars of new contracts, page-6
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