Civmec Limited has been issued a notice of award as well as multiple other contracts for a combined value of A$140 million ($140.9 million).
The notice of award is for a major onsite project, which will be delivered through the minerals and metals division, while the other contracts are for heavy engineering manufacturing projects, which will be delivered from Civmec’s expanded fabrication facilities.
The awards include a contract for onsite structural, mechanical, piping and electrical works for the Iron Bridge Magnetite Project, a joint venture between Fortescue Metals Group’s subsidiary FMG Magnetite Pty Ltd and Formosa Steel IB Pty Ltd (IBJV).
SEE: Civmec secures A$175 mil in new contracts
They also include contracts to be delivered from Civmec’s Henderson facility in Western Australia and our east coast facility at Newcastle in New South Wales.
“We are delighted to extend our relationship with IBJV with further work awarded on the Iron Bridge Magnetite Project. We are currently delivering site civil concrete works and have commenced work for the supply of 4,700 tonnes of steel structures and modules for the same Project, so this latest award is a very rewarding outcome and aligns well with our multi-discipline capability business model,” says Civmec’s CEO Patrick Tallon.
Shares in Civmec closed flat at 39 cents on Dec 14.
