Posts Tagged ‘Boom Logistics’

ASX Company News: Boom Logistics Secures Windfarm Contract

Friday, October 15th, 2010

Boom Logistics Limited (BOL), an industrial services company that provides superior crane logistics and lifting solutions to Australian industry announced that it has been awarded a contract with Suzlon Energy Australia Pty Ltd to provide crane and lifting services for the construction and delivery of the AGL Oaklands Hill Wind Farm in the Southern Grampians Shire in Western Victoria.

Suzlon is a leading turnkey constructor, operations and maintenance service provider of grid connected wind farms in Australia. The AGL Oaklands Hill Wind Farm is owned by AGL Energy Limited (“AGL”), Australia’s largest private owner, operator and developer of renewable energy generation. AGL awarded Suzlon the turnkey engineer, procure and construct contract to deliver the 63MW wind farm.  The wind farm will be commissioned and operating by late 2011. Boom’s contribution to the project is expected to deliver $4 million in revenue over a period of 18 weeks. The project will be supported by Boom’s operators, 6 of Boom’s high capacity cranes ranging in size from 100 tonne to 750 tonne and several smaller support cranes.

Brenden Mitchell, CEO of Boom Logistics, said: “This major wind farm construction project with Suzlon, one of the world’s leading wind power companies, is an exciting venture for Boom and reinforces our capability in this growth market.”

www.boomlogistics.com.au

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Boom Logistics Secures 3 New Contracts

Thursday, June 3rd, 2010

Boom Logistics Limited (BOL), Australia’s leading provider of cranage and related industrial services has recently secured a new 3 year contract to supply cranes and associated services to BHP Billiton Iron Ore Operations in the North West, with two further two year options to extend. The contract will require dedicated cranes and resources for all shutdown and maintenance works at the company’s operations at Nelson Point and Finucane Island  operations in Port Hedland, WA.

Brenden Mitchell, CEO of Boom Logistics, said: “This consolidates our position in the North West of WA and reinforces BOOM as a major provider to industry leaders in the region. Revenue from this contract is expected to be around $35m over the next 3 years.”

BOOM today announced that it has secured a new 3 year contract to supply cranes and associated services, to Anglo American Metallurgical Coal Operations in Central Queensland. The Major Services Contract will require dedicated cranes and resources for all maintenance works at Anglo American Metallurgical Coal operations at Moranbah North and Capcoal mine sites in Central Queensland.

Brenden Mitchell stated: “This is a key contract in the Central Queensland region and reinforces BOOM as a major provider to the resource sector in the region. Revenue from the baseline services will be more than $6m over the next 3 years. The Anglo American Metallurgical Coal contract follows BOOM signing major contracts with BHP and Rio Tinto” said Mr Mitchell. Anglo American Metallurgical Coal is one of Australia’s leading coal producers with operations in Central Queensland and NSW.

BOOM has re-signed its BP Refinery contract in Western Australia for a further 3 years. This contract is to supply cranes service shut down activity and provide associated services to the BP Refinery Kwinana site.

Mr Mitchell stated “BP is a long standing and valued customer of BOOM and the opportunity to extend this contract and expand our relationship reinforces our service capability in the South West. Revenue from this contract is expected to approximate $9 million over the next 3 years. These contract wins support our expectation of a significantly improved FY11 performance and will strengthen our platform for further growth in future years.”

www.boomlogistics.com.au

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Boom Logistics Share Purchase Plan

Tuesday, January 19th, 2010

Boom Logisitics  (BOL) announced on the 18/1/2010 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 23/11/2009 on which shareholders must own the share to participate in the SPP.   The closing date is 5/2/2010.  Shares will be issued on 15/2/2010 and begin trading on 16/2/2010.   A maximum of  $15,000 can be purchased by each shareholder at $0.30.

Discount : 27.7%  Liquidity : Good Profitability : Good  Stability : Poor

www.boomlogistics.com.au

* Note: Discount is based on the closing price on the 18 January 2010.

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Boom Logistics Share Purchase Plan

Tuesday, January 19th, 2010

Boom Logisitics (BOL) announced on the 18/1/2010 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 23/11/2009 on which shareholders must own the share to participate in the SPP. The closing date is 5/2/2010. Shares will be issued on 15/2/2010 and begin trading on 16/2/2010. A maximum of $15,000 can be purchased by each shareholder at $0.30.

Discount : 27.7% Liquidity : Good Profitability : Good Stability : Poor

www.boomlogistics.com.au

* Note: Discount is based on the closing price on the 18 January 2010.

For More Share Purchase Plans go to http://blog.mdsfinancial.com.au/category/share-purchase-plans/

To Buy Shares And Participate in Share Purchase Plans use Trader Dealer http://www.traderdealer.com.au/

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Boom Logistics Wins Two New Contracts

Monday, December 14th, 2009

BOOM Logistics (BOL) has been awarded a major new contract with Newmont Asia Pacific (Newmont Boddington Gold) in WA. This is a rolling annual maintenance contract over 3 years providing labour, crane and lifting services. The new revenue for BOOM will be serviced from existing fleet from Frannas to 500t mobile cranes for Boddington Gold’s ongoing programmed maintenance and shutdown works.

Newmont’s Boddington Gold operation is Australia’s newest gold mine. Boddington is expected to become Australia’s largest gold producer, with an operating life of more than 24 years.

In addition to this BOOM Logistics (BOL) is pleased to announce that it has entered into a contract with the TDK joint venture to supply cranes and associated resources and services for the Barrow Island Construction Village for the Gorgon Project.

The contract is valued at approximately A$4m over 15 months, with a twelve month option to extend. It represents a major contract win related to the Gorgon Project and follows BOOM’s focus on building its position as a provider of heavy lift services to the oil and gas sectors.

TDK is a joint venture between construction and engineering industry majors Thiess, Decmil Group Limited and Kentz Group. Collectively these companies will build the 3,300-person Construction Village on Barrow Island for the Chevron operated Gorgon Project. The Construction Village project is valued at approximately $500m.

Brenden Mitchell, Chief Executive Officer of BOOM said: “This is a significant early step for BOOM following the formation of our heavy lift division. We are encouraged by this progress and remain focused on our strategy of delivering highly specialised services and new cranes into the oil and gas sectors. The natural resources sector including oil and gas sectors continue to be strong performers for BOOM. We believe we are well positioned in these sectors and our team will continue to build on our established position to take advantage of the rapidly expanding LNG markets in Australia.”  The cranes and resources are expected to start work on the island in the first half of 2010.

www.boomlogistics.com.au

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