Macmahon wins A$38m contract extension at NZ gold mine

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Waihi gold mine Image credit: flickr User: Fraser Pettigrew

Macmahon Holdings Limited announced yesterday that it has won a two year contract extension at Newmont Mining’s Waihi open-cut gold mine in New Zealand.

Waihi gold mine Image credit: flickr User: Fraser Pettigrew
Waihi gold mine
Image credit: flickr User: Fraser Pettigrew

According to the the company’s ASX announcement, the extension program at the mine, which is located near the township of Waihi, is valued at $38 million and will keep Macmahon on site until March 2016.

Under the contract, Macmahon will continue to provide a full range of open cut mining activities, including drill and blast, load and haul, crushing & conveying and construction of the engineered waste disposal dam.

“Macmahon has been operating on site at Waihi since 1998, and over that time we have consistently demonstrated our ability to provide ongoing value to our client’s operations. Our long term partnership with Newmont Mining is built on a platform of shared goals and clear performance metrics, which we have continually met and often exceeded,” said Mr Ross Carroll, Chief Executive Officer of Macmahon Holdings Limited.

“Furthermore, our strong track record — both in terms of safety and productivity — has given us an edge in what is a very cost competitive environment.”

According to him, the contract extension would also provide ongoing security of employment for Macmahon’s existing workforce.

“This extension gives our people the surety of employment that they are looking for and provides us with a strong base from which we can continue to grow the business in New Zealand,” Mr Carroll said.