NCM newcrest mining limited
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News: NCM Macmahon Holdings Enters Facilitated Negotiation Over Telfer Contract With Newcrest...

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    12/06/19
    11:10
    Post #: 39016009

    June 12 (Reuters) - Macmahon Holdings Ltd (MAH) :

    • MACMAHON AND NEWCREST TO ENTER FACILITATED NEGOTIATION OVER TELFER CONTRACT
    • MACMAHON AND NEWCREST HAVE AGREED FACILITATED NEGOTIATION PROCESS WILL CONCLUDE BY NO LATER THAN 5 AUGUST 2019
    • REITERATES GUIDANCE FOR FY19 OF UNDERLYING EBIT OF $70 MILLION - $80 MILLION
    • EXPECTS GROWTH IN ITS UNDERLYING EBIT IN FY20
    • PREPARED TO COMMENCE CONTRACTUAL DISPUTE RESOLUTION PROCESS IF GOOD FAITH NEGOTIATIONS ARE UNSUCCESSFUL
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