Australia's Macmohan Holdings gains on new mining contract in Indonesia

Macmahon Holdings

24/11/2025 04:16

** Shares of Macmohan Holdings MAH.AX rise as much as 3.7% to A$0.555, their biggest intraday pct gain since November 17

** Mining services provider says it has been awarded underground mining contract for Kucing Liar mine in Central Papua, Indonesia by Freeport-McMoRan's [RIC:RIC:FOGI.UL] unit

** Co says its scope of work includes the development of all underground fixed facilities within the mine

** Says the first 12 months of the contract are valued at A$36 million ($23.27 million)

** About 3.3 mln shares traded, 1.2x the 30-day average

** YTD, stock up 59.4%, including the current session's move

($1 = 1.5473 Australian dollars)

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))