Macmahon Holdings Unit Secures AU$120 Million Contract From Rio Tinto

MT Newswires Live
01/19

Macmahon Holdings' (ASX:MAH) wholly owned subsidiary, Decmil, secured a AU$120 million contract with Rio Tinto Group (ASX:RIO) for the West Angelas sustaining project in Western Australia's Pilbara region, according to a Monday filing with the Australian bourse.

The contract includes construction of a heavy haulage road, light vehicle access roads, and drainage works, with work scheduled to start this month and finish in 2027.

The company reaffirmed its fiscal 2026 guidance, per the Monday filing. It expects revenue in the range of AU$2.6 billion to AU$2.8 billion and underlying EBIT(A) of AU$180 million to AU$195 million, an earlier filing showed.

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