Latest Mining Contracts News

Tanami Gold’s Central Tanami Project Joint Venture has inked a $38 million contract with Macmahon to build a 3.5km underground decline, setting the stage for a major resource upgrade and development decision in 2027.

MGX Resources and Tanami Gold have contracted Macmahon Underground for a $38 million build of a 3.5km underground decline at Groundrush, aiming to upgrade 400,000 ounces of inferred gold resources and push the Central Tanami Project towards a 2027 development decision.

Mastermyne Group Limited (ASX:MYE) delivered a robust FY26 with revenue up 13% to $237.7 million and underlying profit before tax surging 148% to $15.7 million, supported by contract wins and a record order book.

Cavalier Resources has chosen SSH Group as its preferred mining contractor for the initial oxide pit at the Crawford Gold Project, aiming to kickstart mining operations within the next year.

Macmahon Holdings has locked in a $485 million, 42-month contract extension at the Telfer Gold Mine, expanding its mining services footprint in Western Australia and reinforcing a decade-long partnership with Greatland Resources.

Perenti Limited has agreed to sell its equipment rental and parts sales business BTP Group for A$100 million, reflecting a strategic portfolio shift. The transaction will result in a significant non-cash loss in FY26 but frees capital for higher-return mining contracts.

Forrestania Resources has awarded a significant A$27 million contract to MEGA Resources for the initial open pit mining phase at its Tycho Gold Project, marking a pivotal move from development to production.

Macmahon Holdings has agreed to sell a partial stake in its Homeground accommodation village to Allcap Securities, aligning itself with a $20 billion infrastructure push in Gladstone. The deal opens doors for Macmahon to tap into civil contracting opportunities linked to the massive Project Velocity.

Medallion Metals has appointed Macmahon Underground as the preferred contractor for its Ravensthorpe Gold Project underground mining, securing a $240 million, three-year deal that undercuts prior feasibility estimates by $20 million.

Macmahon Holdings has been appointed as the preferred underground mining contractor for Medallion Metals’ Ravensthorpe Gold Project, locking in a $240 million, three-year deal starting December 2026.

Mastermyne has secured a major new mining services contract at the Dendrobium coal mine, potentially worth $255 million over six years and adding over 140 new roles.

OM Holdings' subsidiary OM Materials has locked in a binding take-or-pay deal to purchase up to 1.1 million tonnes per annum of manganese concentrate from Element 25's Butcherbird Mine, underpinning Element 25's expansion and financing plans.