Macmahon Says Glencore Xstrata Unit Terminates Contract
05 June 2013 - 9:59AM
Dow Jones News
By Rhiannon Hoyle
SYDNEY--Australia's Macmahon Holdings Ltd. (MAH.AU) said a unit
of Glencore Xstrata PLC (GLEN.LN) had prematurely terminated a
contract for mining services at the CSA copper mine in New South
Wales.
The Perth-based contractor said it was seeking an explanation
for the early termination.
The shaft-sinking project at the mine was expected to contribute
about 6 million Australian dollars (US$5.8 million) to company
revenue this month, and A$80 million over the upcoming fiscal year,
Macmahon said.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
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