METS

Iron ore, alumina wins for UGL

CIMIC subsidiary secures multiple contracts in Australia

Staff Reporter
 UGL will support Rio in the Pilbara

UGL will support Rio in the Pilbara

CIMIC CEO Juan Santamaria said UGL's wins were multi-year contracts providing mechanical, electrical, instrumentation and access services for maintenance, shutdowns and sustaining capital projects, with hundreds of jobs supported.
 
The work includes civil, structural, mechanical, piping, electrical, communications and instrumentation work for Rio at the Mesa J PP2 rescreening plant. The task will take around 12 months and employ 160 workers.
 
UGL has also secured a contract extension for scheduled major shutdown services at Rio's alumina refinery.
 
A further 100 workers will install a run-of-mine crusher and materials handling circuit for Roy Hill, comprising supply, structural, mechanical, electrical and instrumentation works.
 
UGL has also been appointed to BHP's engineering services panel to provide civil, structural, mechanical, piping, electrical, instrumentation and rail services for shutdowns and sustaining capital projects across its WA iron ore mines, rail facilities and port operations.
 
The contract comes just days after the CIMIC announced it had signed an exclusivity agreement with funds advised by Elliott Advisors over a potential equity partnership over another subsidiary, Thiess, to raise capital for Thiess' growth options. 
 
CIMIC calls Thiess "the world's biggest mining services company".
 
A share purchase agreement was expected in the next few weeks.
 
CIMIC shares last traded at $22.70, valuing it at $7.2 billion.

 

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.