Macmahon Commences Phase 2 at Batu Hijau

Macmahon, a large mining contractor, has commenced Phase 2 of the Batu Hijau contract in Indonesia. Macmahon has been operating under a cost-plus arrangement (Phase 1) since the start of the contract last year. The progression to Phase 2 marks the commencement of the gain share/pain share mechanism in the agreement, whereby any cost savings or overruns will be shared between the parties.
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