Articles On MACA Ltd (ASX:MLD)

Gold drops 1.1% to US$1668/oz overnight, investors shrug their shoulders MACA enters Thiess fold after mega contractor hits compulsory acquisition threshold Dalrymple Bay to up returns to investors after inking deal to lift terminal charge...

It looks like the retail investor-led resistance at mining services group MACA Ltd is starting to crack. 

The end of ASX reporting season in August has led to a number of companies in the S&P/ASX All Ordinaries Index (ASX: XAO) turning ex-dividend this month. When an ASX All Ords share turns ex-dividend, investors buying these shares wonâ€...

Mining services giant Thiess vanquished challenger NRW Holdings (ASX:NWH) for the right to acquire WA contractor MACA (ASX:MLD) Lake Resources (ASX:LKE) cops 15% whack from investors on news of a disagreement with technology partner Lilac...

The WAM Capital Limited (ASX: WAM) share price outperformed others in its sector on Wednesday. It’s one of the ASX’s biggest listed investment companies (LICs). While WAM Capital shares were down 0.54%, other LICs saw significant sell-...

New FFI CEO Mark Hutchinson says it is “absolutely possible” the world can shift to green steel by 2050 Andrew Forrest says securing a CEO for the metals business is not top priority Thiess ups MACA bid to woo reluctant shareholders   The...

Mining contractor Thiess has bolstered its takeover offer for ASX-listed MACA (MLD) from $1.025 per share to $1.075 per share The new proposed purchase price represents a 49.2 per premium to MACA’s one-month volume-weighted average price a...

MACA generates a big lift in profit and strong guidance for 2023, but which of its suitors will reap the rewards? GR Engineering lifts on strong 2022 results Whitehaven Coal hits new record high ahead of Thursday’s results   If MACA (ASX:...

Mining services stocks have returned to the limelight amid the corporate rumblings between Maca, Thiess and NRW Contractors say rates will need to rise to secure increasingly thin skills to service a still growing mining industry We pick f...

NRW Holdings is pushing the proverbial uphill at MACA Ltd. 

The All Ordinaries Index (ASX: XAO) is having a fairly muted day of gains so far this Friday. At the time of writing, the All Ords has put on a rather measly 0.02% to just under 7,360 points. But it’s been a far better day for some All Ord...

Highlights: MACA Limited, on Friday (19 August 2022), determined that the NRW’s takeover proposal is ‘not superior’ to the Thiess cash offer. NRW Holdings, on Thursday (18 August 2022) had stated that 'smaller peer' MACA has rejected i...

The NRW Holdings Limited (ASX: NWH) share price had a huge day today. NRW shares lifted 6.25% to $2.38 before entering a trading halt. In late afternoon, the construction and mining contractor released an announcement related to a takeo...

The ASX200 is down 0.24% dragged down by the tech sector Eight out of eleven sectors were lower, with Tech leading the losers CBA says the unemployment rate is at its lowest in 48 years   Despite creeping up earlier in the week the ASX 20...

Why that Russian nickel ban by the LME is much ado about nothing NRW posts stellar financial results, reveals play to muscle in on mining services rival MACA Aeris doubles size of Constellation copper resource   Experts say a ban on Russi...

MACA’s board recommends $350 million, $1.025 per share cash takeover by Thiess DDH1 Drilling shares surge on record financial year as mining services plays look to lock in higher prices with customers   MACA (ASX:MLD), mining services sup...

MACA (MLD) receives a $350 million cash takeover bid from Thiess Group Investments Thiess has offered just over $1 for each MACA share, a 28.1 per cent premium to its last closing price on July 25 The company says Thiess approached it wit...

It’s mining and heavy works contractor MACA Ltd’s turn for a round of takeover talks, with the group attracting interest from sector heavyweight Thiess. 

ASX to open 1% higher on Wednesday Wall Street surges overnight, with Nasdaq rallying by 6% Ahead, RBA governor Philip Lowe will speak The ASX is poised to open more than 1% higher on Wednesday, after a strong rally on Wall Street overnig...

MACA (MLD) appoints current Chief Development Officer David Greig as its new CEO and Managing Director, effective July 22 This follows after current CEO and MD Mike Sutton decided to bring forward his retirement plans and spend more time w...

Mining contractor MACA (MLD) reports a single underperforming contract has offset improvements in its annual margins However, the company says it is still on track to meet revenue expectations for FY22 The underperforming contract was for...

Australia’s iron ore miners are doing very well right now. BHP (ASX:BHP) made more than it ever has in a first half in 2022, funding a record $10.7 billion interim dividend, FMG (ASX:FMG) founder Andrew Forrest picked up almost $1b in divid...

Resources stocks Quantum Graphite (ASX:QGL) and Altura Mining (ASX:AJM) were reinstated after being suspended for several months and had contrasting fates. Quantum Graphite, which has the ‘Uley’ graphite prokect in South Australia, more tha...

MACA (MLD) awarded a Roy Hill Iron Ore mining services contract which is expected to generate revenue of $70 million Under the 12-month contract starting early next year, MACA will provide open pit mining services at the Roy Hill project l...

Aquirian’s (AQN) subsidiary, TBS Mining Solutions, signs technology memorandum of understanding agreement with MACA Mining, a subsidiary of ASX-lister MACA (MLD) The parties will work together for the development and commercialisation of t...

Back in 2017, when Red 5 bought the historic King of the Hills mine in WA from Saracen Mineral Holdings, it was supposed to be a high grade add-on to the mill it bought from Gold Fields around 100km north at Darlot. While Darlot was a grand...

Highlights The ASX 200 was trading 0.36% higher or 27 points up at 7,487.9 in the opening trade. On the sectoral front, seven out of the 11 sectors are trading higher today. Maca has clocked a record revenue in FY21 of AU$1.1 billion,...

Wall Street rose ahead of world centrals banks meeting this week All three US stock market indexes bounced back on Friday, ahead of this week’s Jackson Hole Economic Policy Symposium, a virtual meeting of world central banks leaders held be...

At a time of bumper dividend payouts from the likes of Rio Tinto (ASX: RIO) and – presumably – BHP (ASX: BHP), most investors seeking a resources exposure would be happy to invest directly in the major producers. Of course, the history of r...

Summary Bowen has secured Preferred Bidder Status in the sale process of Bluff PCI Mine. Bluff PCI Mine is an open-pit mine in the Central Bowen Basin and produces Ultra Low Volatile PCI coal. The Mine acquisition includes ownership o...

The armed forces could be called upon to enforce Sydney’s strict lockdown, and we might see troops on the streets as early as Monday. On the bourse, the benchmark ASX 200 has closed 0.40% lower on Friday, but was flat for the week. The mini...

Summary The ASX 200 rebounded strongly from opening losses and reclaimed 7,400 levels. The market rally was driven by strong gains in technology, telecom, and healthcare stocks. BNPL player ZIP Co was the top performer on the ASX with...

It’s been a disappointing day so far for the Maca Ltd (ASX: MLD) share price. This comes after the company provided investors with an update into the current contract at the Karara Magnetite project. During mid-morning trade, the mining an...

Source: Parilov, Shutterstock Summary Perenti Global (ASX: PRN) has bagged a new contract from AngloGold Ashanti to continue operations at its Geita complex in Tanzania. The contract strengthens the company’s work in hand position by...

Source: 1968, Shutterstock Summary MACA Limited (ASX:MLD) has added a hire and maintenance contract in its kitty. The contract is for the Cape Preston Sino Iron magnetite project. The company has a strong work in hand position and re...

The Maca Ltd (ASX: MLD) share price is edging higher this morning after the company announced a contract win. At the time of writing, the mining and civil construction company’s shares are trading at $1.06, up 1.92%. Let’s take a closer lo...

26 Mar 2021 - Contracting group MACA (ASX:MLD) has secured a hire and maintenance contract for CITIC Pacific Mining Management at the Cape Preston Sino Iron magnetite project.

Wall street rallies as US jobless claims drop All major indices in the US rose, as a drop in the latest jobs claims shows the country may be on the verge of recovery. President Biden also triggered a late rally in the markets, when he said...

The Red 5 Ltd (ASX: RED) share price is on the move, up 6% in afternoon trading after earlier being up more than 11%. This follows a company update on the ASX gold miner’s King of the Hills project. What milestones did Red 5 report? The Re...

Source: Sunshine Seeds, Shutterstock Summary MACA Limited (ASX:MLD) has been awarded a mining service contract for Tampia Open Pit Mine. The Tampia project was discovered by BHP and later acquired by Ramelius in early 2019. MACA has...

Summary The announcement to sell Open Cut Mining West represents Downer’s strategy to exit capital intensive businesses.  MACA says the acquisition represents compelling attributes and is expected to be EPS accretive in FY21.  Down...

The Downer EDI Limited (ASX: DOW) share price is on the rise today after the company announced the divestment of its Western Australian open cut mine business. During mid-morning trade, the Downer share price has inched 0.76% higher to $5....

15 Dec 2020 - Contracting group MACA (ASX:MLD) is set to buy Downer EDI’s Mining West business for an acquisition value of $175 million with approximately $30 million from the unwi…

Every week, there are very interesting moves among the management of ASX listed companies. These can sometimes be attributable to poor performance but are also often due to genuine retirement or the seeking of new opportunities. Here are a...

Gold and silver steady before Americans go to the polls ‘Increases in risk-off sentiment tend to buoy the US dollar, which weakens gold and silver’ Red 5 awards engineering contract for KoH project, Gold was trading sideways at $US1,876 p...

Mining and civil services contractor Maca (MLD) has been awarded a $185 million contract for Fenix Resources' (FEX) Iron Ridge Project in WA; Maca ...

WA gold developer, Capricorn Metals, has awarded a $400 million contract to MACA Ltd for the first five years of mining at its rapidly developing 1.2-million-ounce Karlawinda gold operation 70km south-east of Newman in the Pilbara.

17 Mar 2020 - Services contractor MACA (ASX:MLD) announced today the award of the “Public Road Upgrade and Access Road Works’ at the Corunna Downs Iron Ore Project for Atlas Iron P…

It’s not all that common for small cap stocks to pay a dividend, yet they account for nearly 80 per cent of the listings on the ASX. Of the over 2100 stocks listed on the Australian bourse, 1654 are small caps with a market cap of less than...

The Maca Ltd (ASX: MLD) share price has dropped 1.71% lower today following the release of its results for the half year ended 31 December 2019. However, it should be pointed out that this drop is less than that of the S&P/ASX 200 (IND...