News Articles for Ken Lewsey

Emeco Holdings managing director Ken Lewsey has resigned as the company continues to push towards profitability.

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.

Plans by Emeco Holdings to diversify and accelerate its growth through M&A deals have come to naught, after the mining equipment supplier announced today its agreed takeover of Perth company RentCo and its merger discussions with Queensland competitor Orionstone had both been terminated.

Emeco Holdings has entered merger discussions with Queensland-based Orionstone, three weeks after the rival mining equipment supplier proposed a nil-premium merger.

The March quarter was a quiet period for M&A transactions in WA, although the deals that were announced attracted their fair share of controversy. Click through to see details on 78 WA deals worth $2.4 billion.

Emeco Holdings has postponed the $75 million purchase of truck rental business Rentco, as it seeks to address criticism of the deal from some of its biggest shareholders.

Emeco Holdings has diversified its business outside the mining sector by purchasing truck and trailer rental company Rentco, which was founded in 1994 by Perth brothers Bob and John Shier, in a structured deal worth at least $52 million.

Perth-based mining equipment supplier Emeco Holdings has narrowed its net loss by 70.2 per cent to $54.6 million for the six months to December.

Belt tightening among Western Australia's mining equipment hire operations, miners and mining contractors is pushing record volumes of yellow equipment into auction yards.

Emeco Holdings has reported a net loss of $21.6 million, down from a $28.5 million profit last year, following a series of downgrades and write-downs on the back of a slowdown in the mining sector.

Perth-based mining equipment supplier Emeco Holdings has secured an agreement with Chilean mining contractor Fe Grande, which is expected to generate between $27 million and $32 million in revenue per year.

Emeco Holdings says it will cop a $41 million writedown as it closes its Indonesian operations, as well as a further $13.5 million tax hit, the latest in a series of downgrades for the Perth-based

QUBE Property Group managing director Mark Hector and Emeco Holdings chief executive Ken Lewsey are among five business leaders appointed to the board of Lifeline WA, as the not-for-profit crisis support service looks to strengthen its corporate ties.

Mining equipment supplier Emeco Holdings has posted a $180 million half-year loss, writing off $158 million in goodwill amid softness in the mining sector.

Mining services company Boart Longyear has taken the unusual step of awarding its recently appointed chief executive Richard O'Brien a US$5 million cash grant.

FEATURE: Salaries have come under huge pressure during the past year as widespread cost cutting takes its toll on executives' take-home pay.

Emeco Holdings expects improved trading conditions at its operations in Canada and Chile but still anticipates a net operating loss for the 2014 financial year as it struggles to combat ongoing softness in its main commodity sectors of thermal coal and gold.

Mining services group Emeco Holdings has recruited Aurizon executive Ken Lewsey as its new managing director, on a package that will make him one of the top 25 best-paid executives in Perth.