
Macmahon lands $792m contract
Macmahon Holdings (ASX: MAH) has executed a new three-year contract at the Byerwen coking coal mine in Queensland.Macmahon has been a part of the Bowen Basin mine since its establishment in 2017 undertaking open cut mining services, including load and haul and crusher feed, and provides employment to 545 people on site.This contract acts as a continuation of Macmahon’s services from December 2025 with no additional capital expenditure required beyond sustaining capital budgets.The contract also highlights an option to extend a further two years, resulting in an increased total value of $1.32b.The Byerwen mine is owned by Byerwen Coal, a joint venture between QCoal Group and Japanese steel manufacturer JFE Steel.Macmahon managing director and chief executive Michael Finnegan comments on the contract.“The QCoal relationship and Byerwen project are incredibly important to Macmahon and have helped underpin the company’s continued growth over the last nine years,” he said.Following the notice of award announcement for the project to the ASX in April, Macmahon’s shares increased from $.23 to $.61 as of December 17. This is the company’s highest level since early-May 2012.Macmahon’s FY26 guidance remains unchanged.






