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Macmahon Holdings Ltd (MAH.AX)

MAH.AX on Australia Stock Exchange

26 May 2017
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Latest Key Developments (Source: Significant Developments)

Macmahon signs binding documentation for AMNT transaction
Sunday, 7 May 2017 09:34pm EDT 

May 8 (Reuters) - Macmahon Holdings Ltd :Signed binding documentation to implement potentially transformational transaction with pt Amman Mineral Nusa Tenggara & its affiliated entities.Macmahon will be awarded a life-of-mine, alliance style contract in Indonesia.Life-of-mine mining services contract in indonesia expects to generate revenue of us$2.9 billion over life of Batu Hijau Operation.Will acquire mobile mining equipment from AMNT which has been independently valued at US$145.6 million."Materially improved earnings expected with updated FY2018 guidance of $40-50 million EBIT".  Full Article

Macmahon Holdings selected as mining contractor to develop Byerwen Coal Mine
Sunday, 2 Apr 2017 08:51pm EDT 

Macmahon Holdings Ltd : Macmahon selected as preferred mining contractor to develop Byerwen Coal Mine in Queensland .Proposed contract is expected to be based initially on a cost reimbursable model.  Full Article

Macmahon notes block trade of 71 mln shares at a premium to Cimic offer price
Tuesday, 7 Mar 2017 09:31pm EST 

Macmahon Holdings Ltd : Macmahon holdings ltd - notes block trade today of 71 million macmahon shares (5.9% of total shares) at a premium to cimic offer price .Understands buyers of shares included forager, Macmahon's second largest shareholder after Cimic.  Full Article

Australian Government Takeovers Panel to not conduct proceedings on Macmahon Holdings
Monday, 6 Mar 2017 10:58pm EST 

Australian Government Takeovers Panel: Has declined to conduct proceedings on an application from Cimic Group Investments And Cimic Group Limited . Concluded that there was no reasonable prospect that it would make a declaration of unacceptable circumstances .Application in relation to the affairs of Macmahon Holdings Limited.  Full Article

Australian Government Takeovers Panel gets application from CIMIC Group on affairs of Macmahon
Sunday, 5 Mar 2017 11:17pm EST 

Australian Government Takeovers Panel : Received application from CIMIC Group Investments Pty and Cimic Group Ltd in relation to affairs of Macmahon Holdings .No decision has been made whether to conduct proceedings; panel makes no comment on the merits of the application.  Full Article

Macmahon Holdings says Cimic declared its offer will not be extended, offer price will not be increased
Thursday, 2 Mar 2017 06:10pm EST 

Macmahon Holdings Ltd : Cimic has declared that its offer will not be extended and offer price will not be increased . Cimic said that it will not increase its offer price, despite independent expert concluding that its offer is neither fair nor reasonable .Refers to unconditional takeover offer by a subsidiary of Cimic Group Limited.  Full Article

Macmahon signs heads of agreement with Pt Amman Mineral Nusa Tenggara
Tuesday, 28 Feb 2017 05:43pm EST 

Macmahon Holdings Ltd - : Macmahon signs heads of agreement . Signed a non-binding heads of agreement (hoa) with pt amman mineral nusa tenggara . Directors expect proposed transaction will increase scale, operational diversity, revenue and order book, profitability and growth prospects of macmahon in medium- term . Macmahon would acquire certain assets from amnt, amnt would become a significant shareholder in macmahon . In consideration for acquisition of sale assets, macmahon will issue amnt with new macmahon shares at a$0.203 per share . Would be awarded life of mine contract to provide certain earthmoving and mining services at amnt's copper-gold mine in indonesia .Macmahon will either acquire equipment directly or all of shares in a newly established indonesian company.  Full Article

Macmahon Holdings unanimously recommend to reject offer from CIMIC Group
Sunday, 26 Feb 2017 05:30pm EST 

Macmahon Holdings Ltd : In response to offer by CIMIC Group Investments Pty, co unanimously recommend to reject offer Source (http://bit.ly/2lKE8cn) Further company coverage: [MAH.AX] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Macmahon Holdings Ltd responds to ASX query
Monday, 20 Feb 2017 11:20pm EST 

Macmahon Holdings Ltd :"Operational performance at Telfer is expected to be to plan by end of financial year, however will negatively impact FY17 results".  Full Article

CIMIC Group updates on final offer to acquire Macmahon
Monday, 23 Jan 2017 07:46pm EST 

CIMIC Group Ltd : intends to make a final, unconditional offer to acquire shares in Macmahon that it does not already own . market takeover at a price of $0.145 per share . offer price is final, and cannot be increased during offer period, in absence of a competing proposal .Offer will be funded using CIMIC'S available funds or existing debt facilities.  Full Article

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