BUZZ-Australia's Macmahon Holdings rises on mining contract from Indonesia's PT Indika Energy

Reuters

01/09

** Shares of Macmahon Holdings MAH.AX rise 3.1% to A$0.335, set for their biggest intraday pct gain Nov. 4, 2024

** Infrastructure services provider reports its selection as the mining contractor for the Awak Mas gold project in Indonesia, for a contract worth A$463 million ($287.75 million)

** Adds, the contract, awarded by PT Masmindo Dwi Area, an arm of PT Indika Energy INDY.JK, involves open-cut mining operations including drilling, loading, hauling and site development

** Stock last year gained 86.5%, continuing its green run from 2023

($1 = 1.6090 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com))

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08:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Australia's Macmahon Holdings rises on mining contract from Indonesia's PT Indika Energy</title></head><body><p>** Shares of Macmahon Holdings <span>MAH.AX</span> rise 3.1% to A$0.335, set for their biggest intraday pct gain Nov. 4, 2024</p><p>** Infrastructure services provider <span>reports</span> its selection as the mining contractor for the Awak Mas gold project in Indonesia, for a contract worth A$463 million ($287.75 million)</p><p>** Adds, the contract, awarded by PT Masmindo Dwi Area, an arm of PT Indika Energy <span>INDY.JK</span>, involves open-cut mining operations including drilling, loading, hauling and site development</p><p>** Stock last year gained 86.5%, continuing its green run from 2023</p><p>($1 = 1.6090 Australian dollars)</p><p> (Reporting by Kumar Tanishk in Bengaluru)</p><p> 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