Macmahon to carry out underground development, production work at Mt Marion
Macmahon Holdings Limited’s wholly owned subsidiary, Macmahon Underground Pty Ltd, has executed a contract for underground mining services at the Mt Marion lithium operation, in Western Australia.
Mt Marion, located 70 km south of Kalgoorlie, is jointly owned 50:50 by Mineral Resources Ltd and Jiangxi Ganfeng Lithium Co. Ltd.
The contract is for an initial period of three years and is valued at A$355 million ($248 million). It includes an option to extend for a further one year.
The scope of works includes all underground development and production mining operations.
Michael Finnegan, Managing Director and CEO, said: “Macmahon is excited to partner with MinRes and Jiangxi Ganfeng Lithium to deliver the next phase of underground mining at Mt Marion. This is a high-quality, long-term opportunity to collaborate alongside strong, aligned partners and positions Macmahon Underground firmly on the global stage as a tier one contractor in future-facing commodities.
“We look forward to working closely with the Joint Venture to unlock the full potential of this operation and support its continued growth as a globally significant lithium asset.”
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