Macmahon Holdings
Macmahon Holdings (MAH) is a leading civil construction and contract mining company, specialising in surface and underground mining, civil engineering, quarrying and processing, and equipment hiring. The Company operates through mining and construction business divisions and it floated on the Australian Stock Exchange on December 1, 1983. The Company’s operations are mainly held in Australia, New Zealand and Malaysia. The mining contracts of MAH consist of the Mt Whaleback iron ore project and the Ellendale diamond project. To date the Group employs over 3,000 people.
Here is a strategy update on the Budget Impact on Equities provided by Australian market analyst UBS.
Strategy – Budget Impact on Equities
Rio Tinto (RIO) was the overall best performing stock taking in a 17.9 percent increase. Among the best performing stocks for the past week (week 45 of 2007) on the Australian sharemarket were a mixture of mining, technology and farming products manufacturers: Rio Tinto (RIO), Newcrest (NCM), Computershare (CPU), Bolnisi Gold (BSG), Nufarm (NUF). The above stocks secured gains higher than 7.5 percent at the end of the trading week.
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