Posts Tagged ‘Rio’
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
Tags: Accommodation, Construction, OTC, OTOC Limited, Rio, Rio Tinto
Posted in ASX Company News | No Comments
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
Tags: Civil construction, Civil Engineering, NRW Holdings, NWH, Rio, Rio Tinto
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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
Tags: Construction, DGX, Diploma Group, Rio, Rio Tinto, Temporary Housing
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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
Tags: Electrical Services, Rio, Rio Tinto, Southern Cross Electrical Engineering, SXE
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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
Tags: Construction Services, Mining Services, NRW Holdings, NWH, Rio, Rio Tinto
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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.
Tags: Dividend, Ex Dividend, Rio, Rio Tinto
Posted in Upcoming Dividends | No Comments
Tuesday, April 10th, 2012
Southern Cross Electrical Engineering Ltd (SXE) is pleased to announce that its overhead powerline construction company, K. J. Johnson & Co Ltd, has been awarded a contract with Rio Tinto for their Coastal Water Project – Design and Construct 33kV Overhead Line. The greenfield project consists of a 37 kilometre overhead line in Pannawonica and forms part of Rio Tinto’s critical infrastructure development to assure a sustainable water supply for its Iron Ore operations. The contract value is worth in excess of $17 million. Work will commence in July 2012 and conclude in February 2013.
SXE Managing Director Simon High said “We are very pleased to have been awarded this work by Rio Tinto which together with our recently awarded Cape Lambert Port 33kV Overhead Line provides us with a very solid order book for the next six to nine months. It also demonstrates the continued growth of K.J. Johnson & Co Ltd as a leading powerline and infrastructure contractor in the resource sector.”
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
Tags: Engineering Services, Powerlines, Rio, Rio Tinto, Southern Cross Engineering, SXE
Posted in ASX Company News | No Comments
Monday, February 20th, 2012
Leading engineering group Monadelphous Group Limited (MND) announced it has entered into two milestone framework agreements with Rio Tinto’s iron ore operations. The agreements give Monadelphous preferred contractor status for a program of structural, mechanical and piping (SMP) work and a program of electrical and instrumentation (E&I) work over the next five years. Work under the agreements will be part of the major expansion of Rio Tinto’s iron ore operations in the Pilbara region of Western Australia, to a capacity of up to 353 million tonnes per annum by 2015. The agreements provide a process to arrive at multiple project-specific construction contracts for Rio Tinto’s expansion program. They include the provision of SMP works associated with the coastal stream and SMP and E&I works associated with the eastern stream of the program.
“We are very pleased to be working with Rio Tinto as preferred contractor under such innovative framework agreements. They mark a significant milestone in our successful long term relationship,” Monadelphous Managing Director Rob Velletri said. “The agreements provide for greater certainty of supply, better visibility of work flow and ultimately maximise value for both Rio Tinto and Monadelphous.”
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
http://www.traderdealer.com.au/fundamentals/mnd
Tags: Engineering Services, Mining Services, MND, Monadelphous Group, Rio, Rio Tinto
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Friday, September 16th, 2011
Southern Cross Electrical Engineering Ltd (SXE) is pleased to announce it has entered into a landmark framework agreement with resources company Rio Tinto’s Iron Ore business. The Agreement provides SXE with preferred contractor status for the next five years. It covers the electrical and instrumentation package of works at Cape Lambert as part of RTIO’s 333 Programme – the major expansion of Rio Tinto’s operations in the Pilbara, Western Australia to a capacity of 333Mt/a. Whilst the scope of work is still to be finalised, the first package of works is expected to commence in FY12 and this Agreement already builds SXE’s FY13 order book.
SXE Managing Director, Mr Simon High said that the Agreement was a significant milestone for the Company. “The preferred contractor agreement that Rio Tinto has entered into with Southern Cross Electrical Engineering highlights the strength of the relationship between the two companies. Southern Cross Electrical Engineering has been involved with Rio Tinto’s Pilbara port operations since 2005 through our involvement in the Dampier port upgrade project. “The long term nature of this contract closely aligns the two organisations, providing Southern Cross Electrical Engineering with greater certainty in long term planning. We will be able to devote dedicated resources to Rio Tinto to provide consistency and maintain high safety performance and quality execution across the contract period.”
www.scee.com.au
http://www.traderdealer.com.au/fundamentals/sxe
Tags: Electrical Services, Rio, Rio Tinto, Southern Cross Engineering, SXE
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Friday, August 5th, 2011
Rio Tinto (RIO) reported a record half year profit and an increase in its share buy back program. Highlights of the announcement include:
Record first half underlying earnings of $7.8 billion, 35 per cent above 2010 first half
Record first half net earnings of $7.6 billion, 30 per cent above 2010 first half
Record first half underlying EBITDA of $14.3 billion, 27 per cent above 2010 first half
Record first half cash flow from operations up 31 per cent to $12.9 billion
Capital expenditure of $5.1 billion in 2011 first half, compared with $1.8 billion in 2010 first half, reflecting the ramp up of investment in world class tier one growth assets
Growth programme gathers momentum:
- Pilbara iron ore expansion to 283 million tonnes per annum (Mt/a) on track to complete by end of 2013
- Proposed expansion of Pilbara to 333 Mt/a brought forward by six months to first half of 2015: full approval decision expected in early 2012
- Rio Tinto assumes control of Riversdale and completes acquisition on 1 August: first coal from Benga anticipated by the end of 2011 with substantial growth options ahead
- Rio Tinto increases investment in Ivanhoe to 46.5 per cent: first commercial production from Oyu Tolgoi copper-gold project in Mongolia expected by 2013
- First shipment of iron ore from Simandou expected by mid-2015 following Settlement Agreement with Government of Guinea
Share buy-back increased by $2 billion to $7 billion, to be completed by the end of the first quarter of 2012, subject to market conditions. This will maintain the momentum to date which has seen 44 million Rio Tinto plc shares bought back during 2011 at a total cost of $3.0 billion
Interim dividend of 54 US cents per share declared, in line with the Group’s dividend policy and previous guidance
www.riotinto.com
http://www.traderdealer.com.au/fundamentals/rio
Tags: mining, Record Profit, Rio, Rio Tinto, Share buy back
Posted in ASX Company News | No Comments
