June 4 (Reuters) - Macmahon Holdings Ltd (MAH) :
- AWARDED $700M BYERWEN CONTRACT
- SECURED EXPANSION & 3 YEAR EXTENSION OF WORK AT BYERWEN COKING COAL MINE IN QUEENSLAND'S BOWEN BASIN
- ON TRACK TO DELIVER FY20 GUIDANCE OF $1.3 BILLION - $1.4 BILLION REVENUE & $85 MILLION - $95 MILLION EBIT
- WORK IN HAND FOR FY21 NOW EXCEEDS $1.2 BILLION
- EXPANSION WILL INVOLVE CAPEX BY CO OF $16 MILLION ON ANCILLARY EQUIPMENT
- NEW CONTRACT EXPANDS PRODUCTION TO 10 MILLION TONNES OF HARD COKING COAL PER ANNUM
- PROCURED 2 EXTRA 800 TONNE HYDRAULIC EXCAVATORS FOR PROJECT WORTH $37 MILLION; MACHINES SUBJECT TO PUT AND CALL OPTION WITH BYERWEN COAL
- IF OPTION TO EXTEND CONTRACT FOR FURTHER 2 YEARS IS EXERCISED, REVENUE FROM CONTRACT COULD EXCEED $1 BILLION
- IMPACT OF COVID-19 ON OVERALL FINANCIAL PERFORMANCE THIS YEAR CONTINUES TO BE MINIMAL
June 4 (Reuters) - Macmahon Holdings Ltd (MAH) : AWARDED $700M...
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