Macmahon Holdings Limited (ASX:MAH) has been awarded a $1.1 billion, seven year contract for the new Moly Mines Spinifex Ridge Molybdenum project which is located approximately 140 km south east of Port Hedland in the Pilbara Region of Western Australia.
This contract will involve the mining of more than 180 million cubic metres of material over the contract term to deliver 20 million tonnes of high grade ore each year to the processing plant..............
“The Spinifex Ridge Project will see Macmahon initially develop and then undertake all mining activities at this large mine site including drill and blast, mining and crusher feed.....................
MOL Price at posting:
$1.23 Sentiment: Buy Disclosure: Not Held
