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.
