Posts Tagged ‘VMG’

ASX Company News: VDM Construction Awarded $25 million Contract By BHP

Wednesday, January 11th, 2012

VDM Group (VMG)  is pleased to announce that it has been awarded a $25.2m contract from BHP Billiton Iron Ore Pty Ltd for the design and construction of an Ammonium Nitrate Storage Facility at its Jimblebar Project. The project is located in the Pilbara region of Western Australia, approximately 39km east of Newman. The works on site are due to commence in February 2012 and are due for completion in December 2012. This contract takes the total value of work won by VDM this financial year to more than $150 million.

VDM Group is a design and construction company that services the mining, oil & gas, infrastructure, civil and transport sectors. VDM’s highly skilled engineers develop innovative technical solutions for clients and deliver projects that are cost effective, reliable and sustainable. VDM’s construction projects include mine accommodation, mine upgrades, non-process infrastructure (workshops, support buildings, etc) and lifting the world’s largest autogenously grinding mills. Contracting projects include land and marine earthworks, breakwaters, seawalls, mining services such as rock crushing, screening and ore handling, tailings dam construction. Its engineering capabilities offer structural, civil, environmental and specialised engineering services.

www.vdmgroup.com.au

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

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ASX Company News: VDM Group Awarded $30.6 million Contracts By BHP Billiton

Wednesday, November 30th, 2011

VDM Group Ltd (VMG) is pleased to announce it has been awarded two significant contracts valued at $30.6 million by BHP Billiton. The two new contracts have taken the total value of work won by VDM this financial year to more than $130 million. VDM Construction has been awarded a variation to its contract for BHP Billiton Iron Ore on its Central REG Camp project near the Area C minesite. The variation is for the main installation of the Central REG Accommodation Camp and is valued at $21.4 million. Work will commence immediately and is due for completion in August 2012. A second contract has also been awarded to VDM Construction by BHP Billiton Petroleum Pty Ltd for the design and construction of administration control and warehouse maintenance buildings at its Macedon Gas Project, located near Onslow in WA. Work on the project will commence immediately and is due for completion in July 2012.

VDM Group Chief Executive Officer, Andrew Broad, said the contracts were further evidence that the industry-wide hiatus in the award of new contracts was abating. “It is very pleasing to be awarded these projects and we are confident that VDM is close to the formal awards on several other projects,” Mr Broad said.

VDM Group is a design and construction company that services the mining, oil & gas, infrastructure, civil and transport sectors. VDM’s highly skilled engineers develop innovative technical solutions for clients and deliver projects that are cost effective, reliable and sustainable.

VDM’s construction projects include mine accommodation, mine upgrades, non-process infrastructure (workshops, support buildings, etc) and lifting the world’s largest autogenously grinding mills. Contracting projects include land and marine earthworks, breakwaters, seawalls, mining services such as rock crushing, screening and ore handling, tailings dam construction. Its engineering capabilities offer structural, civil, environmental and specialised engineering services.

www.vdmgroup.com.au

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

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Dividends: VDM Group Ex Dividend On 29/9/2010

Thursday, September 16th, 2010

VDM Group Limited (VMG) will go ex dividend on 29/9/2010. The current dividend payment is 2 cents and it is 100% franked. The record date is 6/10/2010 and the dividend will be paid on 13/10/2010. Based on the full year payment the dividend yield is 4.3%.

*Current Yield: 4.3% Franking: 100% DRP Discount: Not Available

VDM Group Limited

*Yield has been calculated on the closing price on the 13/9/2010. Current yield is based on the current dividend payment only.

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VDM Group Acquires Interest In Cape Crushing & Earthmoving

Friday, January 15th, 2010

VDM Group Ltd (VMG) is pleased to announce that it has agreed to acquire the 25% minority interest in Cape Crushing & Earthmoving Contractors Pty Ltd and the entity will now become a wholly owned subsidiary of VDM Group. VDM Group will acquire the remaining interest in Cape Crushing for $2.5 million, $2 million of which will be paid in cash and $0.5 million will be via the issue of 1,052,632 fully paid ordinary shares at an issue price of $0.475 each. The acquisition of the minority interest is effective from 1 January 2010.

Cape Crushing enjoys an industry leading safety record servicing a number of blue chip clients throughout Western Australia. Its operations have enjoyed strong growth in recent years, a trend likely to continue as it continues to search for and win larger sized longer term sustainable projects. With new mining projects being developed in Western Australia it was considered timely to consolidate Cape Crushing within the VDM Group to fully utilise the expertise, assets and strength of the whole Group to win, build and add to our current blue chip client contracts list. Cape Crushing enters 2010 with a solid order book and an enviable safety record. It’s business is spread evenly over crushing and screening, earthworks and mine site services at various gold, nickel and iron ore mines throughout Western Australia.

VDM Group is structured into three operating divisions; namely, Consulting, Construction, and Resources and Infrastructure. Within each division there are specialised companies offering a comprehensive range of services which include civil and mechanical construction, civil marine construction including drill and blast, armour rock production and placement, mineral process plant design and construction, crushing and earthmoving, commercial, industrial and residential building construction, structural steel fabrication etc. These services enable VDM Group to deliver a one-stop design, construction and project management services to its clients.

www.vdmgroup.com

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VDM Group Secures $14 million BHP Contract

Friday, January 8th, 2010

VDM Group Ltd (VMG) is pleased to announce that its wholly owned subsidiary, Wylie & Skene Pty Ltd, has been awarded a $14.1 million contract by BHP Billiton Nickel West Pty Ltd for work at the Talc Redesign Project at Mt Keith. The contract follows a number of recent contract successes, including a contract with Rio Tinto subsidiary Robe River Mining Co Pty Ltd for $79 million, contracts with MCC Mining and CITIC Mining for $111 million, and a contract with BHP Billiton Iron Ore for $14.2 million. With recently awarded contracts to VDM Group exceeding $200 million, the Company’s order book now stands at over $415 million. The contract involves extensive earthworks and concrete work at Mt Keith. VDM Group will be providing considerable expertise to achieve a construction methodology that is both safe and cost effective.

VDM Group subsidiary, Wylie & Skene Pty Ltd, will be responsible for the project and will work closely with another VDM Group subsidiary, Cape Crushing & Earthmoving Contractors Pty Ltd, which has considerable experience on the Mt Keith Project. The contract commences in April 2010 and is expected to be completed late 2010. Wylie & Skene’s Managing Director Mark Nagle believes that the award of this contract highlights the strength of VDM Group’s relationship with BHP Billiton and demonstrates the diverse range of building and civil works that the Group is capable of delivering for its blue chip client base. “Our dedicated team is committed to meeting the expectations of our valued customers and delivering this important project in a manner consistent with of our reputation for safety, efficiency and excellence,” Mr Nagle said.

VDM Group has established a significant footprint in the mineral and resource development sector, with its client base including BHP Billiton, Rio Tinto, CP Mining, Woodside Petroleum and Fortescue Metals Group. It is structured into three operating divisions; namely, Consulting, Construction, and Resources and Infrastructure. Within each division there are specialised companies offering a comprehensive range of services which include  civil and mechanical construction ; civil marine construction including drill and blast, armour rock production and placement;  mineral process plant design and construction; crushing and earthmoving; commercial, industrial and residential building construction; structural steel fabrication; civil, structural and protective engineering; environmental and water services; building design and master planning etc. These services enable VDM Group to deliver a one-stop design, construction and project management services to its clients.

www.vdmgroup.com

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VDM Group Wins $93.5 million Citic Pacific Contract

Monday, September 7th, 2009

VDM Group Ltd (VMG) is pleased to announce that its wholly owned subsidiary, Wylie and Skene Pty Ltd, has been awarded a further contract for work at Citic Pacific’s Sino Iron Project at Cape Preston in Western Australia. This latest award is for an accommodation village valued at $93.5 million. The award of this contract lifts VDM’s order book value to over $350 million. The Sino Iron Project being developed by Citic Pacific is a leading magnetite iron ore project which is projected to have a peak full time construction workforce of around 5,500 people. Wylie and Skene’s contract for this project is with MCC who are performing an EPCM role on the project on behalf of Citic Pacific. The contract comprises the design and construction of a 1,750 person accommodation village inclusive of bulk earthworks, all buried and above ground services, kitchen and dining facilities, central amenities, roadways and all other buildings.

Wylie and Skene’s Managing Director, Mark Nagle said “The award of this contract confirms that demand for our services remains strong in the market and we expect this demand to remain strong given the number of other major projects under development in Western Australia. Client relationships are important and the award of this contract demonstrates the strength of the relationship that has developed between VDM, MCC and Citic Pacific.”

VDM Contracting, in Joint Venture with NRW Holdings, are constructing the breakwater for the load out facility valued at over $240 million. VDM Consulting have been working with MCC on the design of the accommodation facilities and are now working with Citic Pacific on the installation methodology for some of the world’s largest SAG and ball mills.

VDM Group is structured into three operating divisions; namely, Consulting, Construction, and Resources and Infrastructure. Within each division there are specialised companies offering a comprehensive range of services which include civil, structural and protective engineering; environmental and water services; building design and master planning; project and asset management; building services engineering etc. These services enable VDM Group to deliver a one-stop project management design and construction service to its clients.

www.vdmgroup.com.au

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VDM Group Sells CIVMEC Assets

Tuesday, July 14th, 2009

VDM Group Ltd (VMG) advises that as part of its restructuring and consolidation efforts it has sold the surplus business assets of Civmec Construction and Engineering (CIVMEC), but retained intellectual property and capability to continue business in civil and concrete works. The proceeds of the sale of these assets, along with other assets sold separately, will be used to retire approximately $1.5 million interest bearing debt and provide working capital to the Group. The surplus assets sold consist of plant that is not required for the business moving forward, the CIVMEC name and the works to complete two minor contracts, and have been disposed for approximately $2.3 million. VDM Construction will continue to actively tender and pursue opportunities for civil construction work as part of the restructure and consolidation that resulted in the disposal of the CIVMEC surplus assets.

VDM Group is structured into three operating divisions; namely, Consulting, Construction, and Resources and Infrastructure. Within each division there are specialized companies offering a comprehensive range of services including civil, structural and protective engineering, environmental and water services, building design and master planning, project and asset management, building services engineering etc. These services enable VDM Group to deliver a one-stop project management design and construction service to its clients.

www.vdmgroup.com.au

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VDM Group to Build Torbay Retirment Villages

Friday, May 8th, 2009

VDM Group Ltd (VMG) is pleased to announce that Bellero Constructions has been awarded a contract as part of Torbay Retirement Villages 9 stage programme. The $15.3 million contract for stages 1 and 2 involves the construction of single bed aged care rooms, single storey independent living units, kitchen and dining facilities, administration and nurses station facilities and earthworks, roadworks and car parking facilities over a 15 month period. The Parklands site when stages 1 – 9 is finished will consist of a 165 place aged care facility and 135 independent living units.  Bellero Constructions have worked with Torbay Retirement Villages on various projects in the past and Bellero’s experience in the construction of similar facilities spans 15 years on similar aged care projects in Hervey Bay, Maryborough and Bundaberg. 

Torbay CEO Philip Parry has stated: “We are pleased that Bellero Constructions have won the tender as we have worked with them in the past and we rate them with the best in the business.” Commenting on the recent award, VDM Construction’s COO, Mark Nagle, said: “The award of this contract represents the culmination of hard work from our team at Bellero, further development of our valued relationship with Torbay Retirement Villages and an opportunity to further build on our expertise in the construction of aged care facilities.” 

VDM Group is structured into three operating divisions; namely, Consulting, Construction, and Resources and Infrastructure.  Within each division there are specialised companies offering a comprehensive range of services. These services enable VDM Group to deliver a one-stop project management design and construction service to its clients. 

www.vdmgroup.com.au

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VDM Group and NRW Civil Win New Contract Worth $240 million

Tuesday, May 5th, 2009

VDM Group Limited (VMG) is pleased to announce that VDM Contracting, in a 50-50 Joint Venture with NRW Civil and Mining (NWH) has been awarded the Sino Iron Project Port Area Bulk Earthways. The contract, which has an estimated value of $240 million, is part of the major infrastructure requirements for the project. The mine has over 2 billion tonnes of  magnetic resource and plans to export 27 billion tones every year. The contract involves drilling, blasting and evacuation of over 6.5 million cubic meters of rock. Of this, 2.5 million cubic meters will be used in fill and pavement materials of the bulk earthways and 4 million cubic meters in the construction of a 3.6 km long breakwater. VDM Contracting’s responsibilities in the joint venture are for the processing of all breakwater rock and manufactured fill, and the construction of breakwater. Site works are scheduled to commence in May 2009 and run for approximately 15 months, with site based personnel peaking to close to 500.    

VDM Contracting’s COO Darryl Ferrara, said: “This contract win has been built on the combined strength of VDM’s marine rock production and placement expertise and NRW’s proven earthmoving capabilities. The culture and skill sets of the 2 companies have been highly complementary and have enabled the JV to provide an attractive package to the client.    

www.vdmgroup.com.au

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