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.

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.