Emeco has entered into binding agreements with Macmahon Holdings under which it will exit underground contract mining (Underground Contracting Sale) and enter a five-year agreement under it will become Macmahon’s preferred equipment rental provider for both surface and underground (Preferred Rental Agreement).
Emeco is transferring its Pit N Portal customer contracts, employees and non-mining fleet assets to Macmahon
Emeco's CEO and MD Ian Testrow said: "The exit from underground contracting successfully resets and simplifies the business to improve overall returns. By retaining our underground mining fleet, we can...
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