Newmont cancels Macmahon contract at NZ mine up for sale

Project house Macmahon Holdings on Thursday announced that its two-year contract with gold miner Newmont at the Martha mine, in New Zealand, had been cut short owing to safety concerns. The contract, which was valued at A$38-million, had initially been scheduled to complete in April next year; however, Newmont Waihi Gold, the project’s operator, had told Macmahon that the contract would conclude before the end of June 2015.