Macmahon downgrades growth amid mining finance woes

PERTH-based engineering contractor Macmahon has downgraded its outlook for annual growth by almost half due to an unpredictable economic climate and difficulties being experienced by smaller miners in accessing finance for their projects.

Macmahon downgrades growth amid mining finance woes Macmahon downgrades growth amid mining finance woes Macmahon downgrades growth amid mining finance woes Macmahon downgrades growth amid mining finance woes Macmahon downgrades growth amid mining finance woes

The contractor said it expected growth of 10-15% for fiscal 2009, down from the 20-30% targeted in August.

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