News Articles for CIMIC Group

Deal hungry Vocus Communications is buying a Nextgen Group subsidiary, plus two WA-focused development projects, for up to $861 million to bolster its telecommunications infrastructure and earnings pipeline.

SPECIAL REPORT: Growing infrastructure needs and a diminishing capacity to fund them is a major challenge for WA, according to key players who attended a recent Business News forum.

A Subiaco-based asset management technology company is seeking an ASX listing through the reverse takeover and backdoor listing of Power Resources.

Construction giant CIMIC Group has reaffirmed its full-year guidance after it lifted first-quarter net profit 5 per cent.

Precast concrete manufacturer PERMAcast has recruited former Bis Industries boss Chris Berkefeld as its new chairman, following the retirement of founding director Grey Egerton-Warburton.

Fortescue Metals Group plans to move to a full owner-operator model at its Christmas Creek mining operations after Downer EDI's contract expires at the end of September.

Vocus Communications is consolidating its workforce from the CBD and shifting to Northbridge, signing up to take two floors of space at Pier Street office building Workzone.

SPECIAL REPORT: The ubiquitous influence of the internet in modern business has brought an uptick in investment in Perth's data storage capacity, and into new high-speed subsea cables.

CIMIC Group has confirmed a formal contract dispute has been issued to Chevron over work at the Gorgon LNG project, with the construction and contract mining firm claiming it is owed about $2.36 billion.

Special Report: Falling commodity prices have led some mining contractors to circle the wagons, but others are cautiously targeting opportunities.

Construction and contract mining firm CIMIC Group is set for a solid 2016 after lifting its underlying annual profit by 20 per cent.

The Takeovers Panel has refused to intervene in construction giant CIMIC Group's $243 million takeover bid for mining services company Sedgman.

Yan Lui has resigned from his positions of chief executive officer and Trinidad general manager at Range Resources. Mr Liu will remain on the board of director as a non-executive director.

Mining services company Sedgman has asked the Takeovers Panel to stop construction giant CIMIC Group from buying any more of its shares.

Mining services company Sedgman expects to sharply boost first-half profit and has pledged a special dividend for shareholders, as it seeks to fend off a takeover bid from construction giant CIMIC Group.

Mining services contractor Sedgman has told its shareholders to take no action towards CIMIC Group's $153.1 million offer for all the shares it doesn't already own in the business.

Mining services contractor Sedgman has revealed that its major shareholder, CIMIC Group, is seeking greater influence over its operations, following its shock vote against the re-election of three independent directors, raising more questions about Cimic's plans for Perth contractor Macmahon Holdings.

CIMIC Group's construction arm, Leighton Contractors, has secured a $1.5 billion contract to design and build Sydney's new M5 Motorway.

Construction company John Holland has been selected as the preferred proponent for stage 1 of the NorthLink WA roads project, which has an overall budget of $1.12 billion.

Construction giant CIMIC Group has launched a takeover bid for east coast residential developer Devine.

Macmahon Holdings was hit with large protest vote at today's annual general meeting, after major shareholder CIMIC Group surprised the mining services firm with a large 'no' vote.

Construction giant Cimic's Leighton Contractors unit has secured a contract from BG Group for setting up gas infrastructure in Queensland's Surat Basin.

Construction giant CIMIC Group has won a $300 million contract for gas field development works in the Surat Basin in Queensland for Australia Pacific LNG.

BHP Billiton has reopened its Rocky's Reward nickel mine as a contract mining operation, despite several other nickel miners scaling back their projects in response to the sharp slump in the commodity's price.

Australian data centre provider Metronode has announced a $20 million expansion to triple the size of its Shenton Park facility.

The head of Leighton Contractors' west division has been poached by Brisbane-based construction company Seymour Whyte as its new chief executive.

Perth-based IT company ASG Group has won a $35 million contract to provide its services to contractor CIMIC Group over a five-year term.

Former Thiess executive Ric Buratto has been recruited by Decmil Group for a newly created role as chief executive, construction and engineering.

The mining arm of Cimic Group has won a $137 million operations contract at the Encuentro Oxides open pit copper mine in Chile, in partnership with local mining equipment supplier Emeco Holdings.

The state government has invited three consortia to develop proposals for the $1.6 billion Perth Freight Link project, including the potential construction of a tunnel.