GR Engineering Services executive chairman Joe Ricciardo will step into a non-executive chairmanship role from the beginning of next year, after completing the handover of managerial control to managing director Geoff Jones.
MZI Resources has signed a deal to sell most of the high value titanium dioxide production from its Keysbrook mineral sands project to US-based DuPont Titanium Technologies, and is still looking for a buyer for the balance.
Belmont-based GR Engineering Services has executed a conditional $54.6 million contract to provide engineering procurement and construction works at MZI Resources' planned Keysbrook mineral sands project near Serpentine.
Belmont-based contractor GR Engineering Services has won a $10.3 million contract to provide engineering, procurement and construction management work at Finders Resources' Wetar Copper project expansion in Indonesia.
Mutiny Gold has signed a memorandum of understanding with GR Engineering Services for the construction of a processing facility at its Deflector copper-gold project in the Mid West.
Belmont-based contractor GR Engineering Services lifted its full-year profit by 89.3 per cent to $14.2 million, despite a drop in revenue of 0.4 per cent to $114.2 million.
SPECIAL REPORT: As the junior resources sector slows, so do the earnings of companies most exposed to the sector – exploration drilling and mining services firms.
Mining and engineering contractors were the biggest losers today when the S&P Dow Jones rebalanced all of its Australian indices, with RCR Tomlinson one of the few to buck the trend.
Belmont-based contractor GR Engineering Services has lifted its half-year net profit despite what it described as persistently subdued trading conditions in the mining services sector.
Perth-based GR Engineering Services has diversified from mining into the oil & gas sector, with the purchase of Melbourne company Product Solutions for $5.75 million.
GR Engineering Services has been appointed the preferred contractor for engineering procurement and construction works worth $54.6 million at MZI Resources' Keysbrook mineral sands project near Serpentine.
GR Engineering has joined the share register of one of its major clients, Mutiny Gold, receiving more than $748,000 worth of stock as consideration for engineering works.
RCR Tomlinson and GR Engineering have reported contrasting fortunes in the resources engineering sector, with RCR booking a record profit result and GR's earnings slipping due to tightening market conditions.
GR Engineering Services has promoted chief operating officer Geoff Jones to managing director, to succeed Joe Ricciardo who moves to an executive chairman position.
Perth companies GR Engineering and Aspen Group have announced new leadership, with GR founder Joe Ricciardo moving into a new role and Aspen recruiting a former Valad Property Group executive.
Engineering firms exposed to mining are going through a tough patch but prospects are much better for those like Technip and Clough in the oil & gas sector.
Contracting group GR Engineering says the start of a $123 million works package at Wolf Minerals' Hemerdon tungsten and tin project in England is a welcome boost in a murky mining services market.
The falling gold price is continuing to hit Western Australia's resources sector, with Saracen Minerals today joining a string of companies to cancel projects, slash costs and launch strategic revi
Shares in GR Engineering have jumped on the ASX this morning, after the company announced a £75 million ($111 million) contract with Wolf Minerals at the Hemerdon tungsten and tin mine in England.
GR Engineering remains confident of an improved second half performance after one-off costs and project deferrals resulted in an 81 per cent fall in interim profit.
Forge Group has bucked the trend of mining services providers downgrading expectations, forecasting a profit improvement in FY2013 of between 28 and 43 per cent.
St Barbara subsidiary Gold Ridge Mining will pay GR Engineering $2.65 million as part of a settlement of court proceedings relating to an engineering and services contract at the Gold Ridge mine in
PERTH-BASED engineering and construction contractors have released a spate of record earnings reports, while bulging order books suggest there's plenty of life in the resources boom.
Allied Gold has revealed that its claim against GR Engineering Services is actually for $47 million, up from the figure of $25 million disclosed in June by the engineering contractor.
GR Engineering Services has won an $18 million contract for the refurbishment of processing facilities at Newcrest Mining's Telfer copper-gold mine in the Pilbara.
Moly Mines has postponed its US$720 million Spinifex Ridge molybdenum project in the Pilbara, admitting that the mine development was not commercially viable at current market prices.
LESS than five years after being established, Perth-based GR Engineering is pursing a stock market float that values the mining services business at $150 million.
