Macmahon Holdings has extended its contract to provide services at the Byerwen coking coal mine in Queensland’s Bowen Basin.
The new three-year contract is a continuation of services from December and is valued at AU$792 million over its three-year term, with an option to extend for a further two years which would bring the total value of the contract to AU$1.32 billion.
Macmahon has been providing open cut mining services, including load and haul and crusher feed, at Byerwen since the establishment of the mine in 2017. The company employs 545 people at the site.
Byerwen is owned by Byerwen Coal Pty Ltd, a joint venture between QCoal Group and Japanese steel manufacturer, JFE Steel.
Macmahon CEO Michael Finnegan said: “We are very pleased to finalise the contract at Byerwen, where we have worked providing mining services since the mine commenced operations in 2017.
“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.”
Macmahon said the agreement will not need additional capital expenditure as the company already has its people and mining fleet deployed at Byerwen.
The company’s fiscal 2026 guidance remains unchanged.