Newmont awards Macmahon $72M extension

The four-year extension will see Macmahon remain onsite, near the township of Waihi, until 2015, continuing with full open cut mining activities, including drill and blast, load and haul and crushing works.Chief executive Nick Bowen said the company had been operating onsite at Waihi since 1998 and was pleased with the extension to its long-term partnership with Newmont Mining.“This latest win follows the recent extension of a number of our key mining contracts in Australia and overseas,” he said. Last month, Macmahon was awarded a $150 million, 2.5-year contract extension at Peabody Energy’s Eaglefield open cut coal mine in Queensland. Earlier this year the company secured a $500 million, three-year extension of the Orebody 18 and Wheelarra contract for BHP Billiton Iron Ore in the Pilbara and an extension of the Olympic Dam contract in South Australia.

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