METS

SIMPEC continues contract winning streak

Engineering firm SIMPEC has been awarded a A$4.5 million contract by Rio Tinto Iron Ore

Staff reporter

This article is 6 years old. Images might not display.

SIMPEC, a subsidiary of ASX-listed WestStar Industrial, will design and construct a remote draft survey system for the Cape Lambert port.

The work will kick off this month and be completed by the second quarter of 2019.

SIMPEC managing director Mark Dimasi said the win was a testament to the team's hard work during the six-month projects tender phase.

"What a commendable achievement to secure a project directly with Rio Tinto, a global tier-one company," he said.

It continues a strong run for the contractor.

Late last month, SIMPEC won a $1.7 million contract from Iluka Resources for a flocculant plant at Cataby, then this month it was awarded a $4 million electrical and communications contract at Rio's West Angelas mine, and an $8 million piping contract for Tianqi Lithium's Kwinana plant.

The company now has an order book of around $30 million and has tendered for more than $150 million of work over the past year.

"To deliver an order book of $30 million only halfway through the year is a tremendous result for SIMPEC and the whole WestStar group," WestStar director Philip Re said.

"SIMPEC is building great momentum and traction in the market and we look forward to the award of further contracts."

Last week the company secured a working capital facility of up to $1 million.

Shares in WestStar were unchanged at 1.5c, valuing the company at $7.4 million.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.