Struggling engineering contractor VDM Group has outlined plans to diversify into procurement and mining, after an independent expert ticked off a capital raising that will transfer day-to-day contr
Former CITIC Pacific Mining chairman Dongyi Hua has paid $15 million to take a controlling 40 per cent stake in struggling engineering and construction contractor VDM Group.
Engineering and construction contractor VDM Group has reported a blow-out in its half-year loss to $60 million, up from a loss of $47 million in the previous corresponding period.
RECENT mergers and acquisitions activity among some of the state's smaller companies may provide a template to enable others chasing growth to go after their targets more effectively.
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.
While most media attention seems focused on iron ore and the major operators, there's a number of smaller players offering plenty of potential across a range of minerals. Here's the WA Business News 10 mining stocks to watch.
Engineering and construction contractor VDM Group has become the latest in a lengthening list of resources-related firms to revise its profit guidance and cut jobs this month, with more than 40 ful
FROM Subiaco in the west to Booragoon in the south and Innaloo in the north, more than a dozen mid-sized office developments are either under way or at an advanced stage of planning around Perth.
Engineering contractor VDM Group has won $56 million in new contracts, including $42 million worth of new deals with the Queensland Department of Transport.
Construction and contracting group VDM says it expects to build on positive momentum built in the second half of the 2012 financial year, after lodging an annual loss of $54.8 million.
VDM Group has announced $27 million in new contracts, including a $17 million deal with Rio Tinto and $10 million in work with Western Power and CBH Group.
Construction and contracting group VDM has told its shareholders to brace for a second half loss of $5 million, after the company took a $4.8 million hit on one of its projects.
Construction and contracting company VDM Group has announced it will take a $2.9 million loss on the sale of its Cape Crushing and Earthmoving Services subsidiary.
Civil construction and contracting firm VDM Group has been awarded a $13 million contract from MCC Mining for installation works on the Sino Iron project in the Pilbara.
Perth-based contracting company VDM Group has reported a net loss of $47 million for the six months ended December 31, the result of lower revenue, a small operating loss and more than $35 million
Local players in the corporate finance market faced more competition than ever before from big national and international firms, WA Business News' 2011 survey has found.
VDM Group has announced today that it has been awarded a $25.2m contract from BHP Billiton Iron Ore for the design and construction of an ammonium nitrate storage facility at BHP's Jimble
VDM Group says it is set to make a return to profitability, after reporting its entitlements offer raised $7 million more than its $28 million minimum subscription target.
VDM Group has confirmed a full year net loss of $35.5 million for the year ended June 30, driven by $39.2 million in writedowns and a slowdown in revenue.
VDM Group shareholders have voted in support of the troubled contractor and consulting group's plan to raise up to $52 million to return its balance sheet to the black.
Consulting, contracting and engineering firm VDM Group has announced $66.5 million in new contracts, including a deal with BHP Billiton Nickel West worth more than $40 million.
VDM Group has flagged a full year loss of more than $35 million, and says it plans to bolster its balance sheet through the launch of a pro-rata share issue to its existing shareholders to raise up to $52 million.
Construction and engineering contractor VDM Group has announced Michael Fry and Richard Mickle have been appointed to its board as non-executive directors.
Engineering and construction company VDM Group has completed a review of its operations and confirmed Andrew Broad as the permanent successor to Ken Perry as chief executive, effective immediately.
VDM Group's difficulties are continuing, with the consulting, construction and contracting group revealing it has come to an agreement with its financiers to alter its lending covenants.
Ken Perry has stepped down as chief executive of VDM Group, to pursue non-executive opportunities, after just more than a year in charge of the construction, contracting and consulting company.
VDM Group has become the fourth engineering contractor in recent weeks to significantly downgrade its forecast operating profit for the 2011 financial year.
Improving conditions in the engineering and mining services industry over the past six months have boosted VDM Group's expectations of a higher first half profit for 2009/10, with the company today tipping a $5 million net profit.
Shares in engineering and construction services company VDM Group climbed more than eight per cent after announcing it had been awarded a $14.1 million contract for BHP Billiton Nickel West Talc Redesign Project at Mt Keith.
VDM Group subsidiary, Wylie and Skene, has secured additional work at Citic Pacific Mining's Sino Iron magnetite project at Cape Preston, with the contract valued at $14.5 million.
VDM Group says it has reached an agreement to extend its banking facilities by one year after it flagged a $35 million capital raising more than a week ago to reduce its debt.
