Macmahon Holdings (ASX:MAH) has been selected as the underground services contractor for PT Tambang Tondano Nusajaya’s Toka Tindung Gold Mine in North Sulawesi, Indonesia.
The scope of work includes all underground exploration mine development services and associated works. The contract, valued at $33 million, will begin immediately for a 32-month period.
Key mining equipment required will be primarily deployed from the existing fleet.
CEO Michael Finnegan says the Toka Tindung Gold Mine is an asset with “significant” growth potential.
“This award reflects our strategic focus on responsibly expanding in Indonesia through long-term partnerships with respected companies like PT Archi,” Finnegan says.
“I would like to thank our team for the commitment and effort they have invested over the past two years to build a trusted relationship with PT Archi, one that we look forward to strengthening in the years ahead.”
Macmahon Holdings is a mining services provider focused on Australia and Southeast Asia.
Write to Aaliyah Rogan at Mining.com.au
Images: Macmahon Holdings
