Home / Directory / List News / Detail News

Macmahon to carry out mining activities at CPM’s Poboya gold project

Daniel Gleeson

Mon 09 Sep 2024, 21:22 PM

Share

Events

Macmahon Holdings Limited says it has been selected by PT Citra Palu Minerals (CPM), a subsidiary of PT Bumi Resources Minerals Tbk, as the mining services contractor for the Poboya gold project in Sulawesi, Indonesia.

The scope for Macmahon will include open-cut mining activities including drilling, loading, hauling, equipment maintenance and mine site development. Macmahon will also work with CPM to explore various options to develop its mines in the future.

The contract has commenced and is expected to complete in September 2026, adding approximately USD 54 million to Macmahon’s secured order book, with minimal capital expenditure expected to be incurred during the period.

Macmahon CEO and Managing Director, Michael Finnegan, said: “We are delighted to be selected by CPM as the mining contractor for its Poboya gold project in Indonesia which will add to our secured work in hand. Indonesia presents a great landscape for us to grow, given our existing relationships and strategy to work with preferred partners that have world-class projects. I would like to thank the Macmahon team who have worked closely with our client over the past 12 months to build a strong relationship and support the development of their Poboya gold project. We are excited about the future growth prospects of this project.”

Advertisement

Relate News

News
02 Apr 2024, 11:23 AM

Indonesia’s Merdeka Sets Gold, Copper Production Targets for 2024

Mining.com / Merdeka Copper Gold
3346 Views
News
07 Sep 2022, 09:28 AM

Coal Production Reached 436.82 Million Tons, 65.89 Percent of Target

www.inews.id
2738 Views
News
15 Oct 2024, 11:41 AM

Aneka Tambang (ANTM) to Oversee Downstream Projects

ANTAM
818 Views
News
05 Jan 2023, 08:00 AM

Merdeka Copper Subsidiary (MDKA) Completes Rp 2.8 Trillion Transaction

investor.id
2991 Views
Hello! We would like to talk to you.Please fill the details below to start chatting with us.