Posts Tagged ‘New contracts’

    • ASX Company News: Industrea Secures $22 million Of Chinese Contracts

    Tuesday, July 6th, 2010

    Global mining products and services provider Industrea Limited (IDL) today announced a further $22.2m of new contracts in China across its Advanced Mining Technologies (AMT) and Industrea Mining Equipment (IME) divisions and the acquisition of a manufacturing business in China.

    Industrea’s China-based subsidiary, Wadam Industries, has signed a contract with Shanxi Coking Coal Group International for the supply of 4 methane gas drainage and directional drilling systems incorporating Industrea subsidiary, Advanced Mining Technologies’ market leading drill guidance tool  worth $10.3m over 2 separate shipments, The units will be supplied to Xishan Coal Electricity mine in Taiyuan, Shanxi Province.

    Wadam Industries has also entered into contracts for 1 methane gas drainage and directional drilling system being supplied to Shanxi Yangcheng Fu Yan for $3.1m and for  2 Industrea Mining Equipment (IME) 40 tonne roof support carriers to Shandong Guangyu Energy Co for $2.7m.

    Longstanding Wadam customer, Jincheng Anthracite Mining Group has also signed contracts for the purchase of a further 3 methane gas drainage and directional drilling systems for $6.1m.

    Industrea Managing Director and CEO, Robin Levison, said these latest contracts across the end of the financial year and for the start of FY11 assisted in maintaining the momentum of approximately $10m per month of sales into China. Industrea has also announced signing contracts for the acquisition of a strata support manufacturing business in China. Currently supplying products for underground strata control systems, Industrea plans to expand the newly acquired facility to manufacture a PJ Berriman & Co flameproof and explosion proof personnel and materials vehicle exclusively for the underground coal mining market in China. “Following supply under this latest contract, Jincheng Group will be operating approximately 18 methane gas drainage and directional drilling systems all supplied via Wadam Industries,” Mr Levison said.

    www.industrea.com.au

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

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    ASX Company News: UXC Limited Secures Five New Contracts Worth $150 million

    Thursday, June 24th, 2010

    Utility Asset Management (“UAM”), a wholly-owned Business Unit of UXC Limited (UXC) has recently been awarded five major electrical asset maintenance contracts with a potential combined value of up to $150million.

    Three contracts for the inspection and treatment of power poles in the metropolitan regions of New South Wales have been renewed by EnergyAustralia, a NSW Government owned gas and electricity transmission and distribution business. Commencing in July 2010, each four-year contract includes two further four-year options.

    Two contracts for the inspection, treatment and data capture of electrical assets in the northern and southern regions of Queensland have been renewed by Ergon Energy Corporation Limited, a QLD Government-owned electricity distribution business. Commencing in July 2010, each three-year contract includes two further one-year options. The initial contracted value of the combined works is $76m with additional available works valued at $74m if all options are exercised.

    Utility Asset Management provides a diverse range of products and services and has existing contracts with most major electricity distribution companies in Australia. UAM is currently expanding certain areas of its operations to the UK, Ireland, Northern Ireland and the USA. Success with these contracts further strengthens UAM’s national footprint and consolidates its position as the nation’s leading supplier of asset inspection services in the electricity industry.

    “As the market leading provider of field solutions across the Australian utility sector, we have gained a formidable reputation for our approach to contract delivery and our consequent performance,” said Geoff Lord, UXC Executive Chairman. “The renewal of five major contracts by two of our larger clients is testament to UAM’s commitment to efficient and effective service delivery and demonstrates the results that can be achieved by fostering a true partnership approach with every client,” added Mr Lord.

    www.utilityasset.com.au

    www.uxc.com.au

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    Brierty Secures $25 million New Contracts

    Saturday, June 19th, 2010

    Civil contractor Brierty Limited (BYL) has secured four new contracts to deliver civil construction services to industrial and residential land development projects in Western Australia. The projects, totalling $25m, have commenced with the revenue contributing to FY11. Three of the new contracts are with Landcorp to fast track the readiness of industrial land in the Pilbara region to meet the needs of businesses servicing the oil and gas and mining sectors. The Pilbara based contracts include Karratha’s Gap Ridge Village Industrial Estate, the Newman Light Industrial Area and Port Hedland’s Light Industrial Area, all locations earmarked for significant future development. The fourth contract is with LWP Property Group for the first stage of Trinity Alkimos, a multi-stage residential development in Perth’s coastal corridor, situated 15km north of Joondalup. Brierty has a proven track record of securing repeat business on multi-stage projects such as this.

    Brierty Managing Director Stuart Crofts said the company has seen a healthy increase in Land Development opportunities in both regional and metropolitan areas across Western Australia, and the business unit delivering these projects has grown from strength to strength on the back of this trend. “Brierty’s recent contract wins are well aligned with the company’s regional expansion plans for the North West of Western Australia,” Mr Crofts said. “As the WA economy responds to the recovery in the resources sector, the demand for residential and industrial land and infrastructure required to support the economy will continue to grow.” The urban and industrial development of the Pilbara will be further enhanced under a ground-breaking State Government initiative aimed at encouraging more people to live in the region. Launched in November last year, the ‘Pilbara Cities’ blueprint will be jointly supported by State, Federal and local governments as well as private sector investment, with the aim of establishing Karratha and Port Hedland as major cities in the North West.

    Brierty provides civil construction and mining services to government and private industry through four lines of business which include Transport Infrastructure; Resources Infrastructure; Land Development; and Mining.

    www.brierty.com.au

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    Miclyn Express Offshore Acquires Six New Boats

    Thursday, June 3rd, 2010

    Miclyn Express Offshore Limited (MIO) continues to execute its declared strategy – Six new crewboats purchased against long term charter contracts for operations in Thailand, UAE and Saudi Arabia;  Two Samson-owned crewboats en-route to Saudi Arabia from Australia to operate on long-term contracts; One crewboat sold for a total disposal gain of US$0.1m; and Vessel Additions and New Charter Contracts. Crewboats operating in Thailand will be acquired through 50% owned joint venture Uniwise Offshore.

    Samson Supplier and Samson Supporter are en-route to Saudi Arabia. They will begin work in June 2010 for 18 months firm with charter extension options in place. This transaction leverages Samson assets towards higher yielding charter opportunities through MIO customer relationships in locations with existing support infrastructure. Aggregate revenue contribution of the firm contracts outlined above is approximately US$22.7m, of which US$9.1m is attributable to FY 2011. Crewboat AOS 7 has been sold to an external party who will utilise the vessel in an unrelated business segment. Total disposal gain on the sale of the vessel was US$0.1m.

    The transactions outlined above are executed in line with MIO’s strategy of: Organic growth through fleet renewal whereby older vessels are sold and replaced with newer, higher specification vessels that achieve higher margins and are more suited to attract long term charters; and execution of customer lead CAPEX decisions with attractive payback periods. MIO remains on track to achieve CY 2010 forecast, with the full-year contribution of these new contract wins supporting earnings growth in FY 2011.

    www.miclynexpressoffshore.com

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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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    Transfield Services Secures $188 million New Contracts

    Friday, May 28th, 2010

    Transfield Services’ US facilities management subsidiary, USM, has today announced that it has secured new contracts totalling USD188 million with major US clients Rite Aid Corporation, Bed Bath and Beyond, JoAnn Fabric and Craft Stores, The Sports Authority and Regis Corporation.

    USM will provide a range of facilities management services to its clients, including snow removal, landscaping, heating, ventilation and air-conditioning (HVAC), floor care, janitorial, lighting, repair and maintenance services. The new USM contracts include a series of renewed contracts with Rite Aid Corporation, with an additional 150 sites for landscaping, over one year; an award of an additional 4,800 sites with Regis Corporation on an ongoing monthly basis; a renewed contract with The Sports Authority over three years; and an expanded contract with Jo-Ann Fabric and Craft Stores, with USM now servicing all 764 Jo-Ann Stores locations across the United States.

    In addition to the contracts secured in North America, Transfield Services holds preferred bidder status in the Australian and New Zealand region over AUD590m of contracts and has been awarded AUS1.4m of new work in the Middle East.

    Managing Director and CEO, Dr Peter Goode, said: “Our diversity as a truly integrated global service provider has enabled us to continue to convert our strong pipeline of opportunities across the full range of sectors and markets we work in. We continue to see positive signs of recovery in the US with USM holding preferred bidder status over an additional USD90 million of work which, together with these new contracts, represents increased work in hand for USM of USD278 million.”

    Transfield Services delivers essential services to key industries in the resources and industrial, property and infrastructure sectors. A leading global provider of operations, maintenance, and asset and project management services, Transfield Services has more than 28,000 employees in Australia, New Zealand, the United States, Canada, the United Arab Emirates, Qatar, India, Malaysia, Chile and New Caledonia.

    www.transfieldservices.com

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    Downer EDI Secures $300 million In New Contracts

    Friday, May 21st, 2010

    Downer EDI Limited announced it has secured new orders totalling more than $300 million across the Group.

    Downer Managing Director and CEO, Geoff Knox, said the contract wins reinforce Downer’s strong market position and highlight its ability to leverage opportunities across all business activities. “Since February 2010, the Group has secured more than $1 billion of work and we are in a preferred position on over $3.5 billion of projects which we expect will be awarded in the next few months,” he said.

    “Our Engineering division has been awarded over $200 million worth of work in the energy and renewable energy sectors including a contract, valued at over $100 million, for the design and construction of 111 wind turbine generators as well as access roads and civil and electrical balance-of-plant works at Collgar Wind Farms, in central Western Australia. This consolidates Downer’s position as the pre-eminent supplier of ‘balance-of-plant services to the wind farm industry,” Mr Knox said.

    “Downer’s Works division has also secured a $50 million contract for road surfacing and traffic control services on Brisbane’s Airport Link, Northern Busway (Windsor to Kedron) and Airport Roundabout Upgrade projects. Again Downer was able to demonstrate innovative pavement solutions and delivery options to meet our client’s requirements”, he added. “In New Zealand, we have secured a three-year contract for the maintenance, resurfacing and emergency response winter services on State Highway 5.  “These long-term road maintenance contracts across Australia and New Zealand further strengthen Downer’s recurring revenue base and validate the Group’s Asia-Pacific strategy,” Mr Knox said. Mr Knox reported that Downer has over $16 billion of work-in-hand, excluding preferred position status and continues to see a strong pipeline of tendering opportunities across all sectors.

    The contract is for the design and construction of a combined 132/275kV double circuit transmission   line from Yabulu South to Ingham in North Queensland (approximately 93 km). Works also include the removal of an existing 132kV line consisting of steel lattice towers over a distance of  approximately 87km.

    Downer EDI Limited is an Australian top-100 company that provides comprehensive engineering and infrastructure management services to the public and private transport, energy, infrastructure, communications and resources sectors, across Australia, New Zealand, the Asia Pacific region and the United Kingdom.

    www.downeredi.com

    www.downergroup.com

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    Hastie Group Secures $66 million Projects In Qatar

    Thursday, May 20th, 2010

    Hastie Group Limited a leading international provider of technical services to the building and infrastructure sectors has received contracts for four projects in Qatar with a total value of A$66 million.  “These projects confirm Hastie’s increasingly strong market position in the Middle East, where we are currently undertaking work in Abu Dhabi, Qatar, Dubai and Saudi Arabia” Mr David Harris, Hastie’s Group Managing Director and CEO said.

    He said Hastie was working on projects across the Middle East and was not dependent on any single market in the Middle East.  “They also demonstrate the value our customers in the Middle East place on our ability to provide an integrated range of mechanical, electrical, plumbing and refrigeration services from a single source.”  He said Qatar has the world’s third largest gas reserves and its economy is growing fast, opening up further opportunities for Hastie.

    Two of the new projects relate to infrastructure. Hastie has been appointed by Leighton Contracting Qatar to provide mechanical, electrical and plumbing services, including fire and CCTV, infrastructure control systems (SCADA) & instrumentation and chlorination work, for a A$233 million water infrastructure project that includes nine reservoirs and will link two Qatari communities. Hastie’s work will begin in June 2010 and is expected to be completed over 15 months.

    The second, smaller infrastructure project, for the Public Works Authority of Qatar, is to provide pipeline reticulation for office cooling systems as part of the US$2.6 billion Energy City project.  The other project involves mechanical, electrical and plumbing services, including fire fighting systems, for a major hotel development for Al Rayyan Tourism Investment Company. The scope of works relates to the construction of the Traders Hotel managed by Shangri-La Hotels and Resorts. Hastie has commenced works on the project this month with a completion scheduled for November 2011.

    The final project involves mechanical, electrical and plumbing services for the New Doha International Airport (NDIA) aircraft wash apron. The NDIA is being constructed on a 22km² area east of the existing Doha airport. Hastie has been appointed by Sinohydro-Gamuda WTC Joint Venture.

    The group, which established its Middle East operations in 2005 and has 2,000 employees in the region, has had experience in the Qatar market and previously completed a contract here. Among other projects in the Middle East, Hastie is currently working on a $204 million contract for a new university campus in Abu Dhabi.

    www.hastiegroup.com.au

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    BC Iron Awards Contracts For Iron Ore Mine Construction

    Wednesday, March 24th, 2010

    Australian iron ore company BC Iron Limited (BCI) is pleased to advise that it has awarded the first key construction and services contracts for the Nullagine Iron Ore JV in Western Australia’s East Pilbara as development activities gather momentum.  The award of the first key contracts marks another milestone for BC Iron as it moves rapidly towards bringing the Nullagine Project into production later this year, becoming the Pilbara’s next iron ore exporter.  The contracts included the construction contract for the Stage I, 60-man camp at site, which has been awarded to the Western Australian company, Complete Portables. Work will begin immediately on the planning and construction of the first stage of the accommodation village, which will be used for final in-fill drilling and to complete the remaining heritage surveys. It is expected that the planning, construction and delivery of Stage I of the camp will take approximately two months to complete with Complete Portables to handle the design, manufacture, transport and set-up of all components of the accommodation.

    BC Iron has awarded the ore haulage contract for the Nullagine Project to Western Australian transport and logistics company, Mitchell West. The agreement covers the transport of Nullagine iron ore to the Fortescue Metals Group (FMG) rail infrastructure near Christmas Creek, a journey of some 55km once the final approvals for the heavy haul road are received and the road is built. Ore will be transported using 360-tonne powered road trains, which are significantly larger than conventional road trains, thus increasing overall efficiency and reducing costs. These specialised road trains are in high demand at present and as such, BC Iron has moved quickly to finalise this contract and will ensure that other long- lead-time items are managed similarly within the Project timeframe.

    Commenting on the announcement, Mr Young said: “We are very pleased to be able to award these key contracts for the Nullagine JV to West Australian companies, helping to ensure that the benefits from our investment in this project flow directly to local enterprises and communities. Both companies have extensive experience in their fields of expertise and we are looking forward to working with them both as we progress development of the Nullagine Project. Securing these key long-lead-time contracts is an important part of our strategy to ensure that we “As part of our strategic planning in the lead up to production, we recognised the importance of securing these long-lead-time contracts in a timely fashion, especially as project development in the WA mining sector gathers momentum and access to mining services becomes increasingly difficult. We are also pleased to have signed key agreements with pastoralists in the Nullagine area, clearing the way for land access to facilitate the construction of the heavy haul road to Christmas Creek.

    BC Iron Limited (BCI) is an emerging iron ore producer focused on Western Australia’s world-class Pilbara region. The Company’s core asset is a 50% joint venture in the Nullagine Iron Ore Project, an extensive tenement portfolio which is strategically located 140km north of Newman proximal to Fortescue Metals’ Chichester operation. The Company has entered into the Nullagine Iron Ore Joint Venture with FMG (50%) which has allowed it to rapidly develop the Project. BC Iron will manage the Project and FMG will provide port and rail haulage services.

    www.bciron.com.au

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    Downer EDI Secures $750 million Of New Contracts

    Friday, February 5th, 2010

    Downer EDI Limited (DOW) announced it has secured more than $750 million worth of new contracts.  Downer Managing Director and CEO, Geoff Knox, said the new contracts which include significant wins in the rail, resources, energy and infrastructure sectors, demonstrate the market’s continuing confidence in the Group.

    “These wins reinforce Downer’s position as a leading provider of rail manufacturing; mechanical, electrical and instrumentation contracting; road maintenance and construction; transmission lines; and consulting services across the Asia Pacific region,” Mr Knox said. “We have secured more than $400 million worth of contracts to deliver both standard and narrow gauge locomotives for coal haulage in New South Wales and Queensland as well as locomotives for iron ore haulage in the Pilbara,” Mr Knox said.

    “Our Works division has secured more than $160 million worth of contracts for clients in Australia, New Zealand and the Pacific Islands and our Consulting division has secured new contracts with clients including VicRoads and AbiGroup.

    “The Engineering division has secured approximately $120 million worth of new contracts for major clients including TransGrid and we are buoyed by the significant increase in tendering opportunities emanating from the energy and power sectors during the past few months”, Mr Knox said.

    “The Mining division has signed a $77 million, three-year contract to provide blasting services to Felix Resources at its Minerva and Yarrabee Mines in Queensland, and Moolarben and Ashton Mines in New South Wales.

    The Group continues to maintain a work-in-hand balance in excess of $16 billion.

    www.downeredi.com

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