Posts Tagged ‘Contract Extension’

ASX Company News: NRW Holdings Awarded Guinea Contract Extension

Monday, October 24th, 2011

NRW Holdings (NWH) is pleased to advise that Simfer SA (a wholly owned subsidiary of Rio Tinto) has awarded NRW Pty Ltd a three year extension to the existing contract for Earthworks at the Simandou Project in the Republic of Guinea, West Africa. Works under this contract include ongoing construction of roads and drill pads at the main Simandou site together with community based civil work in support of Simfer’s environmental and communities program. The contract extension also provides for potential additional works in and around the proposed rail and port route from Conakry to the Simandou site. The contract will now extend from 1 August, 2011 through to 31 July, 2014. The contract extension has an estimated minimum value of $36 million annually excluding any additional works awarded. NRW has been undertaking works for Simfer SA at Simandou since 2006 and has an in country workforce of some 200 expatriate and local personnel.

NRW is a diversified provider of contract services to the resources and infrastructure sectors in Australia and internationally. With extensive operations in Western Australia, the Northern Territory and Queensland as well as Guinea (West Africa), NRW’s geographical diversification is complemented by its delivery of a wide range of operations. These encompass civil expertise including bulk earthworks and concrete installation; contract mining and drill and blast. NRW also encompasses a comprehensive refurbishment and rebuild service for earthmoving equipment and machinery.

www.nrw.com.au

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

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Decmil Awarded $36 million Contract Extension By BHP

Monday, August 17th, 2009

WA-based engineering and construction company, Decmil Group Limited (DCG) today announced its wholly owned subsidiary Decmil Australia Pty Ltd has been awarded a A$36 million variation for Stage 2 of BHP Billiton Iron Ore’s Port Haven accommodation village in Port Hedland. The contract includes the installation of 800 two-storey accommodation rooms and a wet mess. This variation to the original contract awarded by BHP Billiton Iron Ore to Decmil in May 2009 brings the total contract value to approximately A$100 million. Stage 1 of this contract comprised the single story components for the village.

Decmil Group Limited CEO Scott Criddle said this additional work lifts the group’s total forward order book to A$384 million of which approximately A$240 million relates to FY 2010, subject to project timing. “Decmil currently has the resources to service contracts to the value of up to A$500 million,” Mr Criddle said. “With recent upgrades in our company systems and processes, and with our continually strengthening financial position, we remain confident in maintaining Decmil’s solid reputation for producing quality work on time and on budget for this and other recently announced larger value contracts. This new contract is further recognition of Decmil’s solid reputation with blue-chip companies and provides DGL with a solid platform for future growth,” Mr Criddle said.

The design work for Stage 2 and on-site work is expected to commence immediately. Decmil’s current project portfolio includes: Chevron’s Gorgon Accommodation Project (part of TDK JV), work on three significant contracts for Woodside’s Pluto LNG Gas Project, BHP Billiton’s Rapid Growth Project 5 and Rio Tinto’s Brockman iron ore project.

www.decmil.com.au

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