Macmahon Secures AUD 33M Contract for Toka Tindung Underground Mining

Macmahon Holdings Limited says it has been selected by PT Tambang Tondano Nusajaya, a subsidiary of PT Archi Indonesia Tbk, as the underground services contractor at the Toka Tindung Gold Mine in North Sulawesi, Indonesia.

The scope for Macmahon includes all underground exploration mine development services and associated works. The AUD 33 million (USD 21.4 million) contract will commence immediately for an initial 32-month period and key mining equipment required at commencement will be primarily deployed from existing fleet.

The company’s FY26 capital expenditure budget remains unchanged.

Michael Finnegan, Managing Director and CEO, said: “We are delighted to be selected as the mining contractor at the Toka Tindung Gold Mine, a high-quality 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.

“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.”

Source: https://im-mining.com/2025/08/26/macmahon-banks-a33-million-contract-to-mine-toka-tindung/

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