GRD Minproc

GRD Ltd 12-Oct-05 Yandal Investments Pty Ltd decreased its relevant interest from 16,500,000 ordinary shares (8.04%) to 13,000,000 ordinary shares (6.76%).

Perth-based GRD Ltd has posted a net profit after tax of $2.2 million for the year ended 31 December 2005, up from a 2004 loss of $23.4 million.

Construction and development group GRD Ltd has moved to appoint former premier Richard Court as chairman, following the decision by Brettney Fogarty to step down.

Perth-based engineering and development company GRD Ltd has announced it is undertaking a strategic review of the company and will also pay an unfranked interim dividend of six cents per ordinary share.

Perth-based engineering and development company GRD Ltd's subsidiary GRD Minproc has been issued a $10.9 million performance bond with a landmark tenor of six years by the Export Finance and Insurance Corporation.

GRD Limited announced today that its subsidiary Global Renewables has reached a key milestone in the closure of the Lancashire waste contract, one of the largest and most significant public finance initiative contracts of its type to be awarded in the UK.

Perth-based engineering and development company GRD Ltd will be able to sell its remaining 25 million shares shares in its gold spinoff Oceana Gold Ltd, after Oceana agreed to terminate a voluntary escrow agreement set in place in May.

GRD Limited has delivered an unaudited post tax profit for the six months to 30 June 2006 of $78 million, up on the previously forecast result for the period of $75 million.

Recently appointed chief executive of GRD, Cliff Lawrenson, has flagged some major moves ahead for the engineering and development group, including new acquisitions and a possible float of its Global Renewables business on London’s AIM market.

Delays in CVRD's giant Niquel do Vermelho nickel project in Brazil will have no material impact on the financial results of engineering contractor GRD Minproc, the company stated today.

Perth-based contractor GRD Minproc has signed on with Resolute Mining Ltd to carry out engineering, procurement and construction management work on the $149 million Syama gold mine project in Africa.

The founder of Perth-based engineering and infrastructure company GRD Ltd, Brettney Fogarty, has sold a second large tranche of shares, netting $42 million.

Perth-based engineering company GRD Minproc has been awarded construction management contract for an $800.7 million copper and cobalt project in the Democratic Republic of Congo.

The founder and one-time executive chairman of Perth-based engineering and infrastructure company GRD Ltd, Brettney Fogarty, has sold almost all of his remaining shares in the company, netting $47 million in the process.

Kerry Stokes' Seven Network has emerged as the surprise buyer of the 10.4 per cent stake in engineering and infrastructure company GRD Ltd that was sold early this week by GRD founder Brettney Fogarty.

Perth-based engineering company GRD Minproc has been awarded the procurement and construction contract, estimated to be worth between $5 million and $7 million, for West Perth-based Albidon Ltd's Munali nickel project in Zambia.

The company has received a conditional proposal from Transfield Services Limited to acquire 100% of the issued share capital of GRD Limited preferably by way of a scheme of arrangement.

Engineering company GRD Minproc has been awarded the definitive feasibility study (DFS) for Norsemont Mining's Constancia Copper Project in southern Peru.

GRD Ltd has confirmed that it is looking at new ownership arrangements for its Global Renewables infrastructure arm, as its Minproc engineering business reported a strong rise in profits.

Uranium explorer Bannerman Resources Ltd has awarded GRD Ltd subsidiary GRD Minproc a contract to carry out a bankable feasibility study for its Namibian mine project.

The relationship between Perth-based GRD Minproc and BHP Billiton is set to continue with the pair signing an ongoing services agreement over the latter's Ravensthorpe nickel operation.

GRD Ltd has promoted Malcolm Brown to chief executive at its subsidiary GRD Minproc, while continued growth has boosted its order book to $4.65 billion.

Perth-based GRD Ltd has been awarded a contract by Rio Tinto to carry out order of magnitude studies on the Sulawesi nickel project in Indonesia.

The engineering arm of Perth-based company GRD Ltd has been awarded a contract to work on Discovery Metals Ltd's Boseto copper project in Botswana.

GRD Minproc, a subsidiary of GRD Ltd, has secured the engineering contract for the $5.2 billion Sino iron ore project in Western Australia, currently being developed by Citic Pacific Mining.

Perth-based engineering firm, GRD Minproc has been awarded an ore processing technology contract on the world's largest uranium deposit and a world scale copper and gold resource, BHP Billiton's Olympic Dam Expansion Project.

Engineering and infrastructure firm GRD will be hit by a significant one-off charge after agreeing to sell its loss-making Australian waste treatment facility in a bid to boost its financial position.

Engineering and infrastructure firm GRD has recorded a 236 per cent jump in full year net profit for its ongoing business, before the shine was taken off after a $58 million hit from the sale of a Sydney asset and other losses.

GRD Minproc, a subsidiary of Perth-based GRD, will conduct both the prefeasibility and definitive feasibility studies for Extract Resources' Rossing South uranium project in Namibia.

GRD's engineering subsidiary GRD Minproc has been awarded a design contract for Felix Resources' $400 million Moorlarben coal project in New South Wales.

GRD Minproc has been awarded a contract by Brisbane-based PanAust to carry out the definitive feasibility study for the Ban Houayxai gold-silver deposit in Laos.

GRD Minproc, a subsidiary of GRD, has secured definitive feasibility study work for Canadian mining company Greystar Resources' gold and silver project in Colombia.

Engineering and infrastructure company GRD has become the latest acquisition target for UK-based AMEC, which has proposed a $106 million cash takeover offer.

THE major engineering companies in Western Australia cut employment by 15 per cent during the past 12 months, defining the impact of the global financial crisis on the sector.

GHD and GRD Minproc have jointly won a key contract for the Cape Lambert iron ore project by a Chinese company, while GHD will separately carry out studies for the operation's port, power and water needs.

Shareholders in engineering and infrastructure company GRD have approved a $106 million takeover of the company by UK-based AMEC.

A SERIES of moves by political staffers into roles linked to the resources sector reveals the growing need for corporate players to find their way around bureaucracy and political roadblocks.

IT has been a big week of‘giving’ by Australian directors, with former WorleyParsons CEO John Grill giving $20 million to the University of Sydney and revelations that Rams Home Loans founder John Kinghorn has given at least $300 million to charity.

WHEN philanthropy in Western Australia is debated in the context of the wealth created during boom times, the example of the Fogarty Foundation often crops up.