HOA to boost Macmahon’s growth prospects

Company News

by Jessica Amir

Macmahon Holdings Limited (ASX:MAH) has announced it has signed a non-bonding heads of agreement (HOA) with a Indonesian mine for a potential transformational transaction.

Civial engineering company, Macmahon, signed the HOA to acquire certain assets in the PT Amman Mineral Nusa Tenggara (AMNT) Indonesian  mine. 

The agreement would also see the Indonesian miner become a substantial shareholder in Macmahon.

Macmahon would also be awarded a life of mine contract to provide earthmoving and mining services at the copper-gold mine in Indonesia.
 

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