
MacMachon agrees to sell Dawson South equipment, nets about $44m
MacMachon agrees to sell Dawson South equipment, nets about $44m MacMahon Holdings Limited (ASX: MAH) has agreed to sell a substantial portion of its remaining mobile equipment fleet at Anglo American’s Dawson South project, resulting in about $44m in net cash inflows for the mining services company. Macmahon was awarded a three-year $200m surface mining contract at the open cut metallurgical coal mine in July 2021, with the parties currently negotiating a new contract to commence on or before 1 July 2024. Dawson South forms part of the Dawson mine in the southern end of the Bowen Basin in Central Queensland, one of Australia’s longest-established coal mines....









