Posts Tagged ‘Construction’

  • ASX Company News: Leighton Awarded $1 billion Mining Contract

    Wednesday, February 8th, 2012

    Thiess Pty Ltd, a subsidiary of Leighton (LEI), has been awarded a six-year mining contract to extend mining operations at OZ Minerals’ Prominent Hill Copper and Gold Mine in South Australia. With an expected cumulative value of $1 billion, the contract award ensures that Thiess will undertake the mining operations for OZ Minerals until 2018. Thiess is well underway in the planning, training and implementation of the ramp-up which requires a substantial expansion of Thiess’ existing operation, peaking at five fleets of large mining equipment.

    Thiess’ Managing Director Bruce Munro is very pleased with the outcome for both OZ Minerals and Thiess. “This contract is recognition of Thiess’ strong partnership with OZ Minerals, a relationship built since 2006 when Thiess undertook the construction of infrastructure and then the mining for the greenfield operation at Prominent Hill,” Mr Munro said. Executive General Manager of Thiess’ Australian Mining Michael Wright says the expansion requires Thiess to employ an additional 170 people over coming months with the total open pit mining workforce expected to peak at 550 people. “We have been very successful with our operations at Prominent Hill, with a strong focus placed on employing and training local people, and on ensuring we have a diverse workforce with a strong culture,” Mr Wright said.

    Thiess’ $2.8 billion mining business in Australia and overseas provides turnkey services for mine owners, including mine development and approvals, mine planning, infrastructure design and construction, technical services, plant procurement and maintenance, and all facets of mining operations. The Prominent Hill operations are a crucial part of Thiess’ business. Thiess has an annual turnover of $7 billion and $22 billion work in hand. With over 19,000 employees, it has become Australia’s leading and most trusted construction, mining and services contractor. Thiess is a wholly owned subsidiary of Leighton Holdings Limited.

    www.thiess.com.au

    http://www.traderdealer.com.au/fundamentals/lei

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    ASX Company News: Finbar Group To Develop Springs Rivervale Site In Perth

    Wednesday, January 25th, 2012

    Western Australia’s leading apartment developer, Finbar Group Limited (FRI), is pleased to advise that LandCorp has selected a Finbar led joint venture as the preferred developer of two lots in the Springs Rivervale, Western Australia.

    The lots comprise a 7,500sqm site located five kilometres east of the Perth CBD and are in close proximity to the high grade amenity of the Swan River and Burswood Entertainment Precinct. The property also has excellent transport links to the Graham Farmer Freeway and Great Eastern Highway.

    It is intended that the site, with frontages on Rowe Avenue, Hawksburn Road, and Great Eastern Highway, will be developed into two residential towers of eight and 16 stories, which will contain a total of approximately 190 one and two bedroom residential apartments along with large shared amenities deck and facilities.   A separate six storey office building is proposed which will provide approximately 6000sqm of prime office space with direct exposure to the Great Eastern Highway frontage.

    Springs Rivervale is a 14 hectare redevelopment project being conducted by LandCorp (the WA State Government). The project will introduce new and diverse styles of inner city living and bring commercial opportunities to Rivervale. Finbar has entered into a 50% joint venture to develop the site if approved, and Finbar will earn 50% of project profit plus a management fee.

    www.finbar.com.au

    http://www.traderdealer.com.au/Fundamentals/fri

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    ASX Company News: CIC Australia And Mirvac Group To Build New Googong Town

    Thursday, December 15th, 2011

    CIC Australia Limited (CNB) has signed an agreement with Mirvac Group (MGR), one of Australia’s leading land developers to develop the new Googong township on the ACT/ NSW border just 18 kilometres from Canberra’s CBD. The Googong township will be built on 780 hectares of land, have a life span of some 20 years and will create approximately 5,500 homes, parklands, community facilities and a town centre. The project has already received masterplan approval and development approval for the first stage of 337 lots. Marketing for the first stage release will commence in early 2012. Responsibility for the project will rest with a joint management committee, which will include senior representatives from both CIC Australia and Mirvac.

    CIC Chief Executive Col Alexander says the arrangement is a 50/50 agreement between the two companies to create a whole new township that will set the benchmark for masterplanned community development in Australia. “Together, CIC and Mirvac’s expertise will provide the very best in urban design and amenity for Googong, built to the highest standards for quality, liveability and sustainability. We are very excited about this announcement, which means Googong is now ready to roll,” says Mr Alexander.

    www.cicaustralia.com.au

    http://www.traderdealer.com.au/fundamentals/cnb

    www.mirvac.com

    http://www.traderdealer.com.au/fundamentals/mgr

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    ASX Company News: Decmil Group Awarded Airstrip Contract By Fortescue Metals

    Wednesday, December 14th, 2011

    Decmil Group Limited (DCG) announced the company’s wholly-owned subsidiary, Decmil Australia Pty Limited, has been awarded a civil construction contract valued at circa $30 million by Fortescue Metals Group for construction of the Christmas Creek Airstrip Earthworks, Runway and Facilities as part of the T155 Chichester Expansion Project.

    DGL CEO Scott Criddle said “the award of this contract aligns with Decmil‟s strategic growth plan to expand its civil contracting offering into the infrastructure sector.” As part of executing its diversification strategy, DGL is expanding into the infrastructure sector and, via Decmil Australia, targeting the pipeline of civil works contract opportunities for airport, road construction and water projects, associated with the Resources and Oil & Gas sectors. The contract includes for design, approvals, procurement, construction and commissioning of a CASA compliant airport facility at Fortescue Metals Group‟s Christmas Creek mine situated in the Pilbara region of Western Australia, located approximately 130km North of Newman. This contract builds on an excellent relationship with Fortescue where Decmil recently completed the 2 Phase 1600 person Karntama Village ahead of schedule at Christmas Creek. Decmil has a demonstrated record in civil construction and has focused on expanding its civil capability throughout the past year.

    Decmil Group Limited (DCG) is a multi-disciplined design, civil engineering and construction company focused on delivering integrated solutions to blue-chip clients in the oil and gas, resources and infrastructure sectors.

    www.decmilgroup.com.au

    http://www.traderdealer.com.au/fundamentals/dcg

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    ASX Company News: Lend Lease Sells UK Shopping Centre

    Thursday, December 8th, 2011

    Lend Lease (LLC)  announced the sale of its 75% interest in the Chelmsford Meadows Unit Trust to Legal & General Property for a consideration of £42 million (circa A$65 million).

    The Chelmsford Meadows Unit Trust owns The Meadows Shopping Centre in Chelmsford, east of London and two retail/commercial properties on the adjacent High Street. The shopping centre has 14,300 sqm of retail space and a multi-storey carpark.

    Lend Lease Group Chief Executive Officer and Managing Director, Steve McCann, said Lend Lease will use the proceeds from the sale of its interest in the Partnership to reinvest in our significant development pipeline.

    www.lendlease.com

    http://www.traderdealer.com.au/fundamentals/llc

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    ASX Company News: Diploma Group Secures $45 Million Shopping Centre Contract

    Sunday, December 4th, 2011

    Diploma Group Limited (DGX) is pleased to confirm the formal award of the Design & Construct Contract from Woolworths Limited for the redevelopment of the $45m Kwinana Hub Shopping Centre.

    On 21 November 2011, the Company announced it had received a Letter of Intent from Woolworths Limited for the award of the contract. The Design & Construct contract comprises major refurbishment and new extensions to the existing centre.

    On completion, the centre will comprise of Woolworths, Big W, IGA, Dan Murphy’s and various speciality tenancies on the site.  Early works have already commenced on site with completion expected by late 2012.

    This now brings the value of contract awards in FY12 to $88m with the company still awaiting the outcome of approximately $163m worth of external contracts.

    www.diploma.com.au

    http://www.traderdealer.com.au/fundamentals/dgx

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    ASX Company News: Brierty Awarded $10 million Fuel Depot Contract By Fortescue Metals

    Wednesday, November 16th, 2011

    Civil and mining contractor Brierty Limited (BYL) is pleased to announce the award of a $10 million contract with Fortescue Metals Group Limited (FMG) for the construction of a Fuel Loading and Provisioning Facility on the main Cloudbreak rail line. The contract includes construction of rail formation, roads and concrete works. Work is scheduled to commence this month and be completed within four months. Contract terms have been agreed with formal contract documents expected to be signed shortly. The contract is the third project in recent months awarded to Brierty by Fortescue and brings the total secured work on hand for the 2012 financial year to $225 million.

    Brierty CEO Peter McBain said that the company is benefitting from increased infrastructure spending in the mining and energy sectors.

    Brierty provides civil construction and mining services to government and private industry through three lines of business which include Land – Construction of urban and regional land developments;  Civil – Highway and road construction, bulk earthworks, railways, airport runways, site-works, and pavement works; and  Mining – Contract mining and mine maintenance.

    www.brierty.com.au

    http://www.traderdealer.com.au/fundamentals/byl

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    ASX Company News: Diploma Group Secures $24 million In New Contracts

    Wednesday, October 26th, 2011

    Leading Western Australian construction company Diploma (DGX) confirm the award of two significant contracts worth a total of $24 million. The projects include a $17.98 million contract for the refurbishment of and additions to Hale House, one of Western Australia’s most significant heritage buildings. A $6 million contract to undertake major redevelopment works at the Barbagallo Raceway, Perth’s premier motor sports racing circuit near Wanneroo, has also been awarded to Diploma. Hale House is a heritage listed building, dating back to 1914 and is being refurbished as part of the Western Australian Government’s move to consolidate Ministerial offices and central Government departments around Parliament House. The refurbished building will include offices for the Premier and the cabinet secretariat, and Cabinet Rooms which will reflect the history and status of the building and its new role. The project commences immediately and it is anticipated it will be completed by July 2012. The works at Barbagallo Raceway included in the Design and Construct contract will see a three phase program of redevelopment on the infield pits, footbridge overpass and media centre complex. The scope incorporates civil works for track alignment, track barrier works, and pit lane works including workshop structures.

    Commenting on these projects Diploma Group Managing Director Nick Di Latte said. “These two projects are very exciting for Diploma. Being entrusted with the refurbishment of Hale House is a testament to our ability to sensitively undertake work on significant heritage projects.

    The Barbagallo raceway works will see Diploma bringing the project in on time to ensure a successful V8 Supercar programme in 2012.” The above contract wins are in addition to the recently awarded $17.6m Oxford Youth Foyer project for Foundation Housing announced on 16 September 2011. Further to the above contract awards, Diploma is also awaiting answers on the award of the Kwinana Hub Shopping Centre Redevelopment with an answer expected in the coming days.

    www.diploma.com.au

    http://www.traderdealer.com.au/Fundamentals/dgx

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    ASX Company News: Leighton Asia Secures $1.2 billion Hong Kong Station Contract

    Friday, October 21st, 2011

    Leighton Asia (LEI) in joint venture with Gammon has secured a A$1.2 billion contract from the MTR Corporation to construct the West Kowloon Terminus Station North, part of the Guangzhou-Shenzhen-Hong Kong Express Rail Link (XRL). This is the biggest and final XRL civil contract to be awarded and the fifth MTR Corporation contract secured by Leighton Asia in the past two years, giving a total value of projects of A$2.4 billion. On completion, the project will provide a world-class rail terminus and serve as an international gateway to the mainland of China with a daily pass-through of over 100,000 passengers. Facilities will include nine long-haul and six shuttle platforms, customs and immigration facilities, departure lounges, duty free and other retail outlets. A key element is a dramatic steel and glass roof structure above the entrance that will be a prominent feature of the Kowloon skyline.

    Leighton Asia has the capability, experience and resource capacity across Asia to pursue additional projects with this important client with as much as A$7.6 billion of new projects expected to be released over the next five years.

    Bob Cooke, Acting Managing Director of Leighton – Asia, India & Offshore, said: “We are delighted to win this landmark project with a client with whom we share a long and successful relationship. It aligns with our strategic imperative to deliver major infrastructure projects in Hong Kong, one of the most advanced infrastructure markets in the world. We are ideally suited to successfully deliver this quality project with our significant building, rail and civil infrastructure experience.”

    Leighton Asia is a leading contractor in the Hong Kong market, with strong market share positions in both the civil infrastructure and building sectors. The company is strategically positioned to deliver much of the government’s annual capital works spend of over A$7.5 billion per year for the next five years. Leighton Asia is the only contractor that provides a full suite of construction and mining services across Asia, providing clients with a depth of international experience from the Leighton Group with entrenched local market knowledge.

    Since establishing a presence in Asia in 1975, Hong Kong-headquartered Leighton Asia has gone from strength to strength as one of the region’s leading construction and mining service providers. Over the ye ars, we have built up a s olid track record and a s trong reputation for reliability based on a uni que co mbination o f local k nowledge an d ex tensive international experience. The XRL is a cross-boundary transport infrastructure project that will provide high-speed rail services to the commuters of Hong Kong and mainland China. In 2008, the Hong Kong SAR Government entrusted the design and construction of the XRL to the MTR Corporation after many years of planning, design and consultation. The 26-kilometre long Hong Kong section of the XRL will be underground from the terminus in West Kowloon to the boundary crossing point at Huanggang, Shenzhen.

    www.leightonasia.com.au

    http://www.traderdealer.com.au/Fundamentals/lei

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    ASX Company News: Leighton Holdings Secures $600 million In Lease Funding

    Friday, October 21st, 2011

    Leighton Holdings Limited (LEI) announced that it had successfully closed a US$600 million syndicated Master Lease Facility. The new 6-year Facility streamlines Leighton’s existing Indonesian leasing arrangements and provides the Company’s two operating subsidiaries in Indonesia with additional capacity to fund their expanding Indonesian mining activities.

    Leighton Holdings’ Chief Financial Officer, Mr Peter Gregg, said the new facility highlighted the strength of the Company and its ability to secure additional funding in the current financial market. “Leighton is in a very strong position globally with more than $46 billion work in hand and positive exposure to growth markets particularly in the infrastructure and resources sectors in Asia and Australia,” Mr Gregg said. “This new Facility will enable us to take advantage of the many opportunities available to the business in that country,” he said.

    LEIGHTON HOLDINGS LIMITED, founded in Australia in 1949, is the parent company of one of the world’s major project development and contracting organisations. We are also the world’s largest contract miner. Listed on the Australian Stock Exchange since 1962, Leighton Holdings is a top 40 company by market capitalisation and has its head office in Sydney, Australia. Leighton Holdings owns and operates through a number of diverse and independent operating companies: Leighton Contractors, Thiess, John Holland, Habtoor Leighton Group, Leighton Africa, Leighton Asia, Leighton Welspun India, Leighton Offshore and Leighton Properties. These operating companies provide development, construction, contract mining, and operation and maintenance services to the infrastructure, resources and property markets. They operate in more than 20 countries throughout Australia, Asia, the Middle East and Africa from headquarters in Australia, Hong Kong and Dubai. These operating companies directly employ around 50,000 employees and each function autonomously with its own Board and Managing Director.

    www.leighton.com.au

    http://www.traderdealer.com.au/Fundamentals/lei

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