Bumi Resources has moved a step closer to restarting operations at the Mount Carlton gold mine in North Queensland after engaging mining and civil infrastructure service provider Macmahon.
The company said it has signed a letter of intent (LOI) with Wolfram Ltd., a subsidiary of Bumi Resources, to provide a comprehensive whole of mine solution. The proposed contract, which is currently being finalised, is expected to span an initial 33-month term.
Macmahon’s offering of surface and underground mining services, as well as civil infrastructure services form the basis of the scope of the LOI for Mount Carlton.
Early works are already underway, with crews on-site to repair and maintain the mine’s primary access road under the terms of the LOI.
The total value of works, once the contract is executed, has an estimated value of approximately AU$250 million.
Macmahon CEO and Managing Director Michael Finnegan said the project was a key opportunity to showcase the company’s multi-disciplinary capabilities.
“We welcome this strategically important opportunity to demonstrate how effectively Macmahon’s businesses, surface and underground mining, and civil infrastructure, combine to deliver a comprehensive and seamless ‘whole of mine’ solution to our valued client.”
The restart is scheduled to move quickly, with surface mining expected to commence in April.
Underground mining operations are slated to follow shortly thereafter, revitalising a site that had been inactive since its previous owner, Navarre Minerals, went into voluntary administration in 2023.
For its investors, Macmahon confirmed that the project requires no additional capital from its fiscal 2026 expenditure budget, and the company’s financial guidance for the year remains unchanged.
