For those who missed it a few weeks ago, this is only part of...

For those who missed it a few weeks ago, this is only part of the reason there is so much buying going on now:

Macmahon Wins Big Iron Ore Contract
Macmahon Holdings Limited (Macmahon) announced today that it has been awarded the mining and
crushing contract for BHP Billiton’s new “Orebody 18” open cut iron ore mine.
The contract, with a value of approximately $250 million, represents the single largest contract, in terms
of value, ever awarded to Macmahon.
The new satellite mine is located 34 kilometres east of Newman, in Western Australia’s Pilbara region.
Mobilisation and site establishment activities are scheduled to commence in February 2006 in
preparation for plant commissioning.
Chief Executive Officer, Nick Bowen, believes this contract demonstrates how the growing strength and
size of the Macmahon group can deliver major benefits to its key clients.
“This contract builds on Macmahon’s strong relationship with the world’s largest mining group. We now
provide services for BHP Billiton mining operations at Mt Whaleback, Leinster, Olympic Dam,
Cannington and Phosphate Hill,” he said.
“This four year contract also allows Macmahon the opportunity to showcase the wide range of skills and
resources available within our group.
“In fulfilling this contract we will also ensure that we work hard to maximise the opportunities, in terms of
both employment and other benefits, for the local community.
“Macmahon will undertake the full range of mining services including drilling, blasting, loading and
hauling of iron ore and waste materials. The ore processing services will include crushing and train
loading of iron ore, in addition to the maintenance of the BHP Billiton owned ore processing
infrastructure.
“You could say we’re delivering as close to a one stop shop for the mining industry as you are likely to
get,” Mr Bowen said.
When fully operational, the new mine is expected to employ close to 140 people and produce up to 8
million tonnes per annum of iron ore for the duration of the contract.
The award of this contract complements the existing open cut contract mining work that Macmahon has
undertaken at BHP Billiton’s Mt Whaleback iron ore mine, since November 2003.
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Media Contact: - Gareth Widger
Public Affairs Manager
Mobile: 0419 918 272