AusGroup

AusGroup managing director Laurie Barlow has resigned after the construction firm flagged that it would deliver a first-quarter net loss.

Shares in Singapore-listed construction and engineering firm AusGroup have risen after the company announced a $S15.2 million ($A13.4 million) capital raising overnight.

AusGroup subsidiary AGC Industries has appointed Paul Birighitti as executive general manager for maintenance services.Mr Birighitti was most recently operational director in western region at mining engineering firm Logicamms.

Maintenance and construction contractor AusGroup has returned to the black in the December quarter, with a tax credit offsetting the adverse impact of falling revenue.

A subsidiary of construction and engineering firm AusGroup, MAS Australasia, has been awarded a $174 million scaffolding contract on the Ichthys liquefied natural gas project.

Global engineering and construction group Kentz has been awarded a $US570 million contract for electrical and instrumentation works at the Inpex-operated Ichthys liquefied natural gas project.

AusGroup subsidiary AGC Industries has appointed Steven Tull to the position of general manager – mining and industrial.Mr Tull was most recently business and projects manager at UGL Resources.At AGC, he will be a member of the maintenance services management team. 

A joint venture between AusGroup and Japanese-based Meisei Industrial has won a $197 million subcontract for industrial work at Inpex’s Ichthys liquefied natural gas project near Darwin.

The mining slowdown has resulted in a shortage of leased industrial property investment opportunities, according to Realmark Commercial.The commercial agency has listed a Clune Street property in Bassendean, leased by AusGroup subsidiary MAS Australasia, for sale.

More than 60 CEOs from WA provided Business News with detailed views on the year past, the next 12 months, their vision for the state, and what they expect from political leaders.

More than 60 CEOs from WA provided Business News with detailed views on the year past, the next 12 months, their vision for the state, and what they expect from political leaders.

The Gorgon gas project, which is due to be completed this year, is continuing to deliver work opportunities for local contractor AusGroup.

Perth-based contractor AusGroup has reported $3.9 million in first-half profit, rebounding from a $12.8 million loss it made a year ago.

Mount Gibson Iron has moved to establish a logistics base on Koolan Island, in partnership with Qube Holdings, to service the offshore oil and gas industry.

Perth-based construction, fabrication and maintenance companies AusGroup and Civmec have proved resilient in the face of the resource sector slowdown, with AusGroup today joining its competitor in reporting solid growth over the past year.

Singapore-listed contractor Ausgroup has reported a net profit of just $472,000 for the September quarter after incurring higher restructuring costs and delays to its new marine services business.

Singapore-listed contractor AusGroup has announced a number of contract wins and extensions worth a combined $100 million, including with Woodside Petroleum, which today flagged lower capex and increased production for the year.

Perth-based contractor AusGroup has recruited former Southern Cross Electrical Engineering boss Simon High as chief executive of its engineering services arm.

Special Report: Falling commodity prices have led some mining contractors to circle the wagons, but others are cautiously targeting opportunities.

Diversified contractor AusGroup has shocked the market with a $69.8 million quarterly loss, admitting it has been forced to write off long-standing contractual claims in order to boost its cash reserves.

Loss-making engineering services company Ausgroup has breached a key financial covenant after its total equity fell below $160 million.

Emerging Goldfields explorer NTM Gold Limited (ASX: NTM) (“NTM” or “the Company”) is pleased to announce it has raised $1.5 million in a heavily oversubscribed placement of new shares. The new shares were priced at 5¢, a modest 8% discount to NTM’s pre-trading halt close of 5.4¢ on January 11.