Australia's Macmahon Holdings rises on mining contract from Indonesia's PT Indika Energy

Macmahon Holdings

09/01/2025 24:09

** Shares of Macmahon Holdings  MAH.AX  rise 3.1% to A$0.335, set for their biggest intraday
pct gain Nov. 4, 2024
    ** Infrastructure services provider reports its selection as the mining contractor for the
Awak Mas gold project in Indonesia, for a contract worth A$463 million ($287.75 million)
    ** Adds, the contract, awarded by PT Masmindo Dwi Area, an arm of PT Indika Energy
 INDY.JK , involves open-cut mining operations including drilling, loading, hauling and site
development
    ** Stock last year gained 86.5%, continuing its green run from 2023


($1 = 1.6090 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com))