Contracts

The administrators in charge of RCR Tomlinson have secured funding to support the engineering contractor’s operations, and disclosed that more than 180 parties have expressed interest in the planned sale of its business.

The downfall of RCR Tomlinson is another reminder of the dangers of a business getting out over its skis.

Local construction company Jaxon has been awarded a $10 million contract to build a new student accommodation facility at St George’s College at the University of Western Australia.

WestStar Industrial subsidiary Simpec has won a $1.7 million contract at Iluka Resources’ Cataby mineral sands project, located approximately 150 kilometres north of Perth.

PwC has joined KPMG, BIS Oxford Economics and Investec in winning advisory work on the partial privatisation of Landgate – with each adviser securing increasingly large contracts.

Osborne Park-based Universal Constructions has secured a $14 million state government contract to build a new primary school in Caversham.

RCR Tomlinson, which grew rapidly to be one of Australia's largest engineering contractors with annual revenue of $2 billion, 3,400 staff and multiple contracts in WA, has been placed into administration after failing to secure new funding.

Zenith Energy has amended its power purchase agreement with Northern Star Resources to add a further 6-megawatts to its power station at the Jundee gold mine.

RCR Tomlinson has been served with a shareholder class action, as the engineering contractor requested a one week extension to its suspension from the ASX while it seeks to clarify its earnings outlook and funding requirements.

Shares in NRW Holdings have jumped 7.14 per cent today, after the mining contractor said it expected a 45 per cent uptick in revenue for the six months to December compared with last year.

Perth-based Georgiou Group has won a road construction contract in NSW, with the overall project worth about $140 million.

Engineering consultancy GHD has been awarded a $6.7 million contract to design upgrades to the rail network around Claremont train station as part of the state government’s Metronet project.

A joint venture between MACA and Melbourne-based Coleman Rail has won an $11.1 million state government contract for road upgrades near Williams.

Belmont-based NRW Holdings has secured a five-year contract extension for mining services at Stanmore Coal’s Isaac Plains East project in Queensland.

Monadelphous joint venture Zenviron has been awarded a contract with a wind farm group in regional Victoria, while Primero has announced new contracts worth $30 million.

Subiaco-based Civcon Civil & Project Management has been awarded a $55 million contract as part of Golden Group’s $3.8 billion Belmont Park Racecourse development.

NEXTDC has struck a deal with ASX-listed Superloop, giving the Brisbane-based company connectivity to the new Indigo subsea cable system for its Perth operations, including an $80 million data centre currently under construction.

Belmont-based NRW Holdings has secured a contract with Fitzroy Australia Resources for work at the Ironbark No. 1 coal mine in Queensland.

Sheffield Resources has confirmed GR Engineering Services will design and build the processing plant for the mineral sands-focused company’s Thunderbird project in the Kimberley.

Shares in Altura Mining have finished 36 per cent higher today after the lithium producer announced an offtake deal with Chinese company Ganfeng Lithium.

Perth-based Southern Cross Electrical Engineering has secured a series of contracts in NSW worth about $80 million.

CIMIC Group’s Thiess has been awarded a contract to install autonomous haulage system technology at Fortescue Metals Group’s Christmas Creek iron ore operations in the Pilbara.

Multiplex has been awarded the construction contract for a $48 million science building at Edith Cowan University’s Joondalup campus.

The Woodside-operated North West Shelf Venture has struck a preliminary deal to process LNG for the Browse project and Chevron’s Clio-Acme gas fields.

Pindan has secured a state government contract as part of a project to build a new headquarters for the WA branch of the Returned and Services League on St Georges Terrace.

Lycopodium has secured an engineering contract with Scarborough-based West African Resources for its Sanbrado gold project in Burkina Faso, which has commenced early works.

Four of the largest construction contractors in WA - unlisted companies Pindan, Georgiou Group, Doric/Jaxon and Perkins Builders - have achieved strong earnings and anticipate better conditions ahead.

CIMIC Group’s Broad Construction has secured an $84.8 million state government contract to complete an expansion at the Casuarina Prison south of Perth.

Melbourne-based Delta Group has been awarded two contracts in Western Australia, with a $4.2 million demolition job for the state government and work for CBH Group.

Pacific Energy has won a power supply contract with Panoramic Resources for the restart of the nickel producer’s mothballed Savannah project in the east Kimberley.

Ausdrill-Barminco joint venture African Underground Mining Services has won a US$375 million underground mining services contract at AngloGold Ashanti’s Obuasi project in Ghana.

Indigenous contractor Gumala Enterprises has secured a series of new contracts, including with iron ore miners Rio Tinto and BHP Billiton, worth a combined $15 million.