VDM Group Secures $79 millon Contract with Rio Tinto

December 23rd, 2009

VDM Group (VDM) is pleased to announce that its wholly owned subsidairy , Wylie and Skene Pty Ltd has been awarded a $79 million contract with Rio Tinto’s subsidiary Robe River Mining Co Pty Ltd. The award of this contract grows VDM’s total order book value to approximately to $400 million. This contract broadens the spread of VDM Group’s order book across the major corporations of Rio Tinto, BHP Billiton, CP Mining, Woodside Petroleum and Fortescue Metals Group. Under the terms of the contract, Wylie and Skene will undertake a major refurbishment of the Pannawonica township including the refurbishment of 19 existing commercial and infrastructure buildings, and a construction of a new service station and a light vehicle workshop within the town.  The project is expected to be completed within 30 months with revenue expected to be booked in FY10 to FY12.

Wylie and Skene’s Managing Director, Mark Nagle believes this contract win highlights the depth of VDM Group relationship with blue chip clients such as Rio Tinto. “This contract continues a relationship that Wylie and Skene has built with Rio Tinto over 35 years”, he added.   “This large project builds on the success we have enjoyed with major clients including Rio Tinto and Woodside Petroleum over the past few years”.

VDM Group is structured into 3 major operating divisions namely Consulting, Construction and Resources and Infrastructure. Within each division, there are specialised companies offering a comprehensive range of services which enables it to deliver a one stop design, construction and project management services to its clients.

www.vdmgroup.com.au

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