Australia's Macmahon Holdings rises on $248 million Mt Marion mining contract

Macmahon Holdings

15/07/2026 03:39

** Shares of Australia's Macmahon Holdings MAH.AX rise as much as 2.2% to A$0.945, their highest level since July 1
** Stock on track to log its second consecutive session of gains, if trend holds
** The mining services provider says unit executed contract for underground mining services at Mt Marion lithium operation
** Contract for initial period of three years, valued at A$355 million ($247.90 million)
** Scope of works includes all underground development, production mining operations 
** Stock has risen 41% this year, including session moves

($1 = 1.4320 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))