Crucial hurdle cleared in Macmahon's Indonesia deal

MACMAHON shareholders have given their blessing for a deal that will give 44.3% of the contracting company to an Indonesian mine owner, while bringing it a US$2.9 billion mining job.

Crucial hurdle cleared in Macmahon's Indonesia deal Crucial hurdle cleared in Macmahon's Indonesia deal Crucial hurdle cleared in Macmahon's Indonesia deal Crucial hurdle cleared in Macmahon's Indonesia deal Crucial hurdle cleared in Macmahon's Indonesia deal

As part of the deal Macmahon picks up equipment that has been independently valued at $145.6 million.

Under the deal with Amman Mineral Nusa Tenggara Macmahon will get a life-of-mine alliance style contract to provide earthmoving and mining services at AMNT’s Batu Hijau copper-gold mine in Indonesia.

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