Posts Tagged ‘Rio Tinto’

ASX Company News: Monadelphous Group Secures New Rio Tinto Contracts

Thursday, October 25th, 2012

Leading engineering group Monadelphous Group Limited (MND) announced it has been awarded construction and maintenance work with Rio Tinto’s iron ore operations in the Pilbara region of Western Australia. This work has a combined value of approximately $320 million. Monadelphous has received a notice of award for a construction contract that involves structural, mechanical and piping works for Rio Tinto’s Marandoo Mine Phase 2 expansion project, 45 kilometres east of Tom Price.

The contract was awarded under a framework agreement, in February 2012, for Monadelphous to provide construction services as part of Rio Tinto’s broader program to increase the capacity of its Pilbara iron ore operations to 353 million tonnes per annum. Work on the project has commenced and is scheduled to be completed in the third quarter of the 2013 calendar year. Monadelphous has also been awarded three-year extensions to two shutdown and maintenance services contracts for Rio Tinto’s coastal and inland west operations. These contracts have been expanded to include services previously provided by Monadelphous under separate structural integrity contracts, which involve refurbishment work on iron ore assets.

“We’re pleased to continue our extensive support for Rio Tinto in the Pilbara through the ongoing maintenance work and our first contract under the framework agreements,” Monadelphous Managing Director Rob Velletri said.

Monadelphous Group Limited is a leading Australian engineering group providing services to the resources, energy and infrastructure industry sectors. The company has a solid track record in the safe and effective delivery of complex and large-scale engineering construction projects and maintenance and industrial services for industry throughout Australia.

www.monadelphous.com.au

 

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ASX Company News: Nomad Building Solutions Secures Rio Tinto Accommodation Contract

Wednesday, October 24th, 2012

Nomad Building Solutions Limited (NOD) advises that its wholly owned subsidiary McGrath Homes, has been awarded a $28.8 million contract to design, manufacture and install 60 modular residential houses for Rio Tinto. The contract award is part of the Wickham Accommodation Expansion Project required to support the expansion of the Cape Lambert port and rail facilities. Manufacture of the houses at the McGrath Homes Wangara facilities in Perth will commence immediately, with the first delivery of houses to the Wickham site expected in April 2013 and completion of the works expected by November 2013.

Nomad’s Managing Director Mr. Peter Hogan said “the award of this contract is a significant achievement for the Company and demonstrates McGrath’s strength and ability to deliver exceptional quality modular products for major projects in remote and regional areas. We are delighted to have Rio Tinto as our client and will be working closely with them to support the timely development of the Wickham project”.

McGrath Homes is a leading Western Australian based manufacturer of modular housing for the mining, commercial and residential sectors. Rapley is an in-situ builder focused on remote and regional areas of Western Australia. Nomad Modular (QLD) is a leading manufacturer of modular buildings for the mining, commercial and residential sectors Nomad Rental provides modular buildings for hire to the mining and commercial sectors. It operates in QLD and WA.

www.nomadbuildingsolutions.com.au

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ASX Company News: OTOC To Construct Accommodation For Rio Tinto

Tuesday, October 23rd, 2012

OTOC Limited (OTC) and it’s wholly owned subsidiary, OTOC Group Pty Ltd is pleased to announce it has received a Notice of Award for Contract from Rio Tinto, for the installation of accommodation units at the Brockman 4 Operations Village. The contract is part of the Rio Tinto Nammuldi Below Water Table Project in the West Pilbara region of Western Australia. The value of the contract is approximately $32 million with work to commence immediately.

CEO of OTOC Mr Adam Lamond said “The Company is pleased with the award of this contract by Rio Tinto as this contract combined with a solid order book further strengthens the Company’s strong competitive position going into 2013.”

OTOC Limited is a leading provider of resources and infrastructure services through its wholly owned operations OTOC Australia and Whelans. Established in 2003, OTOC Australia specialises in the installation of mine site accommodation and non-process infrastructure for mining and oil and gas projects. OTOC Australia has a successful track record of delivering turnkey mining camp solutions for blue-chip clients including BHP Billiton, Rio Tinto and FMG. Whelans is a leading consultancy in the provision of surveying, mapping and town planning, with a focus on the resources sector. Whelans has 110 professional staff operating from offices in Perth, Karratha, Broome, Kununurra and Kalgoorlie.

www.otoclimited.com.au

 

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ASX Company News: NRW Holdings Secures $90 million Rio Tinto Contract

Wednesday, October 17th, 2012

NRW Holdings (NWH) is pleased to announce the award of approximately $90 million of bulk earthworks for Rio Tinto’s Yandi Sustaining Project (YSP) at Yandicoogina mine in the Pilbara, Western Australia. The scope of the Yandi Sustaining Project (YSP) is to expand the mine production capacity.

The works will include: Over 1 million cubic metres of excavation for diversion drains (including 640,000 cubic metres of rock excavation); Over 500,000 cubic metres of embankment construction; Over 200,000 cubic metres of levee construction; Over 4,400 lineal metres of culverts;  Construction of a 48 metre long wide bridge over an operating railway; Construction of 2 floodways. The Bulk Earthworks Contract is expected to run for 40 weeks commencing in late November 2012. At its peak, there will be over 300 workers required for this project.

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

 

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ASX Company News: Diploma Group Secures Rio Tinto Housing Project

Monday, October 8th, 2012

Diploma Group Limited (DGX) is pleased to announce that its wholly owned subsidiary, Diploma Construction Pty Ltd, has been awarded a $49 million contract for Rio Tinto’s Wickham Accommodation Expansion Project. Stage 1 of the Wickham Lodge FIFO Accommodation project involves the Design and Construction of 198 one-person accommodation rooms over three storeys with associated services and infrastructure. The design incorporates the use of modular prefabricated units that are manufactured offsite.

Commenting on the award of the contract Diploma Group CEO, Nick Di Latte said “we are delighted to have secured our second project with Rio Tinto following the successful award in July 2012 of the $44m Rocklea Palms FIFO Accommodation project in Paraburdoo.” The award of this important contract takes Diploma’s current order book to $346m to be completed over the next 24 months. This first stage of the Wickham Lodge FIFO Contract commences immediately and is expected to complete in September 2013.
www.diploma.com.au

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ASX Company News: Southern Cross Electrical Engineering Awarded Rio Contract

Thursday, September 27th, 2012

Southern Cross Electrical Engineering Limited (SXE) is pleased to announce that its overhead powerline construction business, K.J. Johnson & Co Ltd, has been awarded a contract with Rio Tinto for the second portion of the Yandi Sustaining Project – Design, Supply and Construct 33kV Distribution Overhead Line. As part of the Yandi Sustaining Project the existing 33kV overhead line distribution supplying various mine facilities from the Yandi 220kV Switchyard is to be upgraded and new sections of powerlines are to be installed. The value of the second portion is worth in excess of $29m with a forecast completion date in January 2014.

SXE Managing Director, Simon High, said “We are extremely pleased to be awarded the second portion of this contract. We consider that this demonstrates to the market the capability and competence of our infrastructure business to undertake large complex overhead powerline projects of this nature.” K. J. Johnson & Co Ltd specialise in the construction of overhead distribution HV powerlines, including switchgear and transformer installations. Other capabilities include design and engineering, asset management, maintenance, repairs, modification and powerline additions.

www.scee.com.au

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ASX Company News: NRW Holdings Secures Rio Tinto Iron Ore Port Contract

Friday, September 14th, 2012

NRW Holdings (NWH) is pleased to announce the award of $133 million of works for Rio Tinto Iron Ore’s Cape Lambert Port B 353Mtpa Project (CLB353). The works include the CLB353 stockyard, conveyor link earthworks, relocation of water pipelines and rail formation earthworks. This will involve common excavation, rock excavation, crushing and screening to produce approximately one million tonnes of pavement material and construction of approximately 5 kilometres of sealed roads. These works will be undertaken over 48 weeks and will peak at a workforce of 270. As with the original contract, these works will be undertaken in joint venture with the Ngarluma and Yindjibarndi Foundation Limited (NYFL).

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

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ASX Company News: Forge Group Secures Rio Tinto Contract

Tuesday, September 4th, 2012

Forge Group Ltd (FGE) is pleased to advise that its wholly owned subsidiary CTEC Pty Ltd (CTEC) has received a Notice of Award from Rio Tinto for the Engineering, Procurement and Construction (EPC) contract to deliver a Combined Cycle Gas Turbine (CCGT) Power Station at Cape Lambert in Western Australia’s Pilbara region.

Forge Group Managing Director, David Simpson said the contract, valued at approximately $280 million, is CTEC’s second major project with Rio Tinto. “In November 2011 CTEC was awarded the $150 million EPC Contract for the Open Cycle Gas Turbine Power Station Project in the East Pilbara. This Notice of Award further reinforces CTEC’s capacity in the region and Australia,” Mr. Simpson said. “Since acquiring CTEC in January this year, it has already made a substantial contribution to the Group’s revenue. It has also opened up a new industry sector for other Forge subsidiaries, creating opportunities, particularly for Abesque and Cimeco to provide complementary engineering and civil, mechanical and electrical and instrumentation services to CTEC and its clients.”

Headquartered in Perth, Western Australia, Forge Group Limited (FGE) offers an integrated suite of engineering, construction, maintenance and power generation services particularly to the resources, oil & gas and infrastructure sectors. Through its four wholly owned subsidiaries, Forge provides a single-point solution to clients seeking efficient contractor relationships across the whole project lifespan; from initial studies, through to design, engineering, construction and ongoing maintenance. Cimeco provides a full range of multidiscipline construction services including: civil and concrete; structural, mechanical, piping and tanks; electrical and instrumentation; building; and maintenance services. Abesque Engineering is a specialist provider of process design, engineering, construction and project management services including feasibility studies, front end engineering design (FEED), and EPC contract execution.

www.forgegroup.com.au

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Dividends: Rio Tinto Ex Dividend On 15/8/2012

Wednesday, August 15th, 2012

Rio Tinto Limited (RIO) will go ex dividend on 15/8/2012.  The current dividend payment is 68.5 cents and it is 100% franked.  The record date is 21/8/2012 and the dividend will be paid on 13/9/2012.   Based on the full year payment the dividend yield is 2.7%.

*Current Yield: 1.2%    Franking: 100%    DRP Discount: 0%

*Yield has been calculated on the closing price on the 15/8/2012.  Current yield is based on the current dividend payment only.

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ASX Company News: Transfield Services Awarded Two Engineering Contracts

Tuesday, July 31st, 2012

Transfield Services (TSE) has been awarded two engineering design and construction contracts in the Pilbara, Western Australia, worth a total of A$100 million.   The contracts, with Rio Tinto and Fortescue Metals Group, integrate the expertise of Transfield Services’ specialist engineering design subsidiary, ICD, with the Company’s construction capability.

The contracts are a one year, $65 million contract to design and construct Rio Tinto’s Parker Point fuels storage terminal in Dampier. The terminal, which receives fuel via a 1.8 kilometre jetty and distributes the fuel by rail, is part of Rio Tinto’s iron ore operations in the Pilbara.

A one year $35 million contract to design and construct diesel storage facilities and distribution infrastructure to support the development and operations of the Solomon Mine in the Pilbara. The site is strategically located near railway and road infrastructure 30 minutes from Port Hedland and is critical to  Fortescue’s expansion plans in the region.

“These contracts deliver on our strategy to provide higher value front end services to the resources and energy industry,” said Managing Director and CEO of Transfield Services, Peter Goode. “They also demonstrate the Company’s engineering and construction capabilities, which form part of our whole of life asset management offering.”

Operating for more than 40 years, ICD is a leading engineering design services provider to the petrochemical, chemical, biofuel, distillation, power and mining industries. The company was acquired by Transfield Services in 2009.

It employs more than 27,000 people across 20 industries and 12 countries. It is a global provider of operations, maintenance and construction services to the resources, energy, industrial, infrastructure, property and defence sectors. It delivers asset management services across all phases of the asset lifecycle, from concept and creation, to services that sustain, optimise and enhance our client’s assets.

www.transfieldservices.com

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