Macmahon selected for mining services contract in Indonesia

Macmahon Holdings Limited (ASX:MAH) has been chosen by PT Citra Palu Minerals ('CPM') as the mining services contractor for the Poboya gold project in Sulawesi, Indonesia. The contract, which includes open cut mining activities, equipment maintenance, and mine site development, is expected to add approximately US$54 million to Macmahon's secured order book and is set to be completed in September 2026.

CEO and Managing Director Michael Finnegan's comments on the contract

We are delighted to be selected by CPM as the mining contractor for its Poboya gold project in Indonesia which will add to our secured work in hand. Indonesia presents a great landscape for us to grow, given our existing relationships and strategy to work with preferred partners that have world class projects. I would like to thank the Macmahon team who have worked closely with our client over the past 12 months to build a strong relationship and support the development of their Poboya gold project. We are excited about the future growth prospects of this project.

Summary of Macmahon's selection as mining contractor for Poboya gold project

Macmahon Holdings Limited (ASX:MAH) has secured a mining services contract for the Poboya gold project in Indonesia, which is expected to contribute approximately US$54 million to the company's order book. The contract encompasses open cut mining activities, equipment maintenance, and mine site development, with completion anticipated in September 2026. CEO and Managing Director Michael Finnegan expressed delight at the selection, highlighting the growth prospects in Indonesia and the company's strategy to collaborate with preferred partners. Macmahon's focus on developing strong relationships with clients and its extensive experience in mining and civil infrastructure position it as the contractor of choice for various projects across Australia and Southeast Asia.