Cockburn Cement owner Adbri has unanimously backed a proposal for the Adelaide-based company to be taken over by consortium involving New York Stock Exchange-listed CRH and Victoria's Barro Group.
Adbri subsidiary Cockburn Cement has awarded SIMPEC a $105 million contract for work on its Kwinana plant expansion, which has been estimated to cost up to $420 million.
Manufacturer Adbri has informed the market of another major cost blowout of its Kwinana cement project which is now expected to cost up to $420 million.
Adbri's Kwinana cement project is looking at cost overruns in the order of up to $90 million-plus, joining a litany of WA projects hamstrung by labour constraints and high input costs.
Following OZ Minerals' 50.1% ownership of Avanco Resources, it has appointed Andrew Cole as non-executive chair, and Mark Irwin & Warrick Ranson as non-executive directors of Avanco.
