Emeco set to exit underground contract mining

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 set to exit underground contract mining Emeco set to exit underground contract mining Emeco set to exit underground contract mining Emeco set to exit underground contract mining Emeco set to exit underground contract mining

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.