NRW Holdings has been tasked with building plant infrastructure at Fortescue's Queens Valley project in the Pilbara, subcontracting takeover target Primero Group to complete the works.
Contractor NRW Holdings has decided to back a proposed deed of company arrangement by the administrators to Gascoyne Resources after negotiating an increased upfront debt repayment of $7 million in cash.
Georgiou Group and NRW Contracting are among three consortia shortlisted to widen Mitchell Freeway for southbound road users, with the $76 million project jointly funded by the state and federal governments.
Shares in NRW Holdings rose by more than 30 per cent today after the Perth-based contractor foreshadowed strong full-year earnings and brought forward its $10.7 million interim payout to next month
Civil and mining contractor NRW Holdings has reported strong profit and revenue gains in its interim results, with the company saying its completed acquisitions and plans for alliance-style contracts would support strong future growth.
NRW Holdings has been awarded works at Fortescue Metals Group's Eliwana iron ore mine and rail project in the Pilbara under an infrastructure contract valued around $138 million, announced last month.
NRW Holdings has purchased BGC Contracting for $116.4 million in cash, three weeks after it was named preferred bidder, and plans a capital raising of $130 million to fund the transaction.
NRW Holdings today confirmed it expected 35 per cent growth in revenue this year, helped by the recently acquired RCR Mining Technologies, but was coy on its plans to purchase BGC Contracting.
Rio Tinto has awarded works to NRW Holdings at its $2.6 billion Koodaideri iron ore project, while BGC Contracting secured a contract extension at Atlas Iron's Mt Webber project.
Rio Tinto has awarded contracts with a combined value of more than $250 million to BGC Contracting and Monadelphous for work on its West Angelas iron ore mine in the Pilbara.
BGC Australia is exploring the divestment of its fibre cement and plasterboard businesses, picking up on a sales process it deferred earlier this year.
BGC Australia has appointed international building industry veteran Daniel Cooper as its new chief executive, with Alan Tate to transition back to the role of chief financial officer after several months at the helm of the construction and contracting giant.
NRW Holdings has denied media speculation it is in advanced discussions to acquire BGC Contracting, but it has not explicitly ruled out interest in the privately owned business.
BGC Contracting has been awarded a $24 million contract to deliver bulk earthworks and roads at the Fortescue Metals Group' $1.7 billion Eliwana iron ore project.
BGC Contracting has been awarded a $30 million contract to develop the Ramone Gold Project for Northern Star Resources, a week after BGC confirmed it would still seek to sell the contracting business.
BGC Australia has deferred indefinitely the sale of its core building materials and construction business because of weak market conditions but is pressing ahead with the sale of its contracting business and property assets.
Construction company John Holland and two contractors are facing federal work health and safety charges over an incident that injured a worker at Main Roads WA's $1 billion NorthLink road project.
BGC Contracting and Laing O'Rourke have terminated their contract with Omega Construction on the Northlink road project after the sub-contractor disclosed it had major financial problems.
South African firm DRA has expanded its Australian presence with the purchase of G&S Engineering Services from diversified infrastructure company Calibre Group.
BGC Australia is one of the state's largest and most diverse business groups, with revenue last financial year in excess of $2 billion from its building, construction, property, contracting, trucking and manufacturing operations.
BGC Contracting has announced personnel cuts within its Perth head office as part of a restructure that will also move its mining chief operating officer to Brisbane as the company shifts its focus to the east coast.
Phoenix Energy has announced major changes to its planned waste to energy project at Kwinana, with Macquarie Capital becoming lead sponsor and two European groups negotiating to take on construction and operations.
A joint venture between Njamal Services and Pilbara Resource Group has secured a 12-month labour contract with BGC Contracting at the Mt Webber iron ore mine in the Pilbara.
Osborne Park-based BGC Contracting has been chosen to deliver the main civil construction work on part of a $4.4 billion highway upgrade project in NSW.
Arrium administrators KordaMentha has awarded BGC Contracting a $720 million contract to continue work at the Iron Knob and South Middleback Ranges iron ore projects in South Australia through to 2022.
