Macmahon Holdings Limited to confirm it has been selected as the preferred tenderer to provide equipment hire and maintenance services at the Foxleigh mine in Queensland from 1 March 2021. The Foxleigh mine is an open cut, truck and excavator operation in the Bowen Basin which produces low volatile PCI coal for Asian steel mill customers. The proposed scope of work for Macmahon involves the hire and maintenance of 21 large capacity dump trucks and other ancillary equipment over a 5 year term, together with the maintenance of client owned equipment. Macmahon estimates this work will generate approximately $250 million in revenue and require capital expenditure of circa $50 million. The majority of this capital expenditure will be to acquire 220 tonne dump trucks which are expected to have a useful life of 10 years.