Friday, 25 November, 2016 - 11:06
Valmec wins work with Saracen
Perth-based Valmec has won a $6.6 million contract to provide its services to Saracen Mineral Holdings at the gold miner’s Thunderbox operations.
Valmec is an Australian energy services group providing specialised packaged equipment, construction, maintenance, commissioning and integrity maintenance services to the oil and gas, resources, energy and infrastructure sectors.
Valmec was previously known as Core Services Group, MCore Services and Marsh Civil.
Valmec was acquired by Altrad Australia in October 2021
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Perth-based Valmec has won a $6.6 million contract to provide its services to Saracen Mineral Holdings at the gold miner’s Thunderbox operations.
Local engineering and construction group Valmec has won a $5.4 million contract for work on DBP Development Group’s Tubridgi gas storage facility near Onslow, which will be the largest in Western Australia when completed.
Energy and infrastructure contracting group Valmec has secured $12 million in new contracts, including a $6 million deal with the Water Corporation.ASX-listed Valmec today announced it had won a $6 million deal to construct pump facilities at the Water Corporation’s Stirling Dam.
Energy and infrastructure contracting group Valmec has secured $30 million in new construction contracts, including a 4 kilometre gas pipeline at Dacian Gold’s Mt Morgan project.
Local engineering and construction group Valmec has announced it will purchase Henderson-based specialist pipeline testing company APTS, which was recently put into receivership.
Engineering and construction group Valmec has tapped investors for $5.1 million through a strongly supported share placement that will strengthen the company’s balance sheet.
On 12 January 2018, Valmec completed the issue of 22,522,083 fully paid ordinary shares in the capital of the Company (Option Shares) upon the exercise of 22,522,083 listed options (ASX:VMXO) with an exercise price of $0.25 per option.
Engineering and construction group Valmec has secured new contracts in the gas and infrastructure sectors worth $7 million, including work for APA Group at its Yamarna gas pipeline facility.
Ardiden Limited (ASX: ADV) is pleased to announce that it has completed the successful acquisition of 100% of the early stage Bold Property Colbalt-Copper Project in Ontario, Canada with a final payment of 100,000 Ardiden shares made to the vendor, Benton Resources Inc.
Engineering and construction group Valmec and Geraldton-based WBHO Infrastructure have secured infrastructure contracts with Water Corporation at its facilities in Western Australia.
Delivering value to the industry, based on history, experience and exceptional service was the impetus behind the creation of VALMEC Group in 2013, an ASX listed multidiscipline construction and maintenance service provider in Australia.
Valmec has secured $25 million worth of construction contracts, including at Mineral Resources’ Wodgina project, while fellow local contractor Weststar Industrial was awarded a $4 million contract at Rio Tinto’s West Angelas mine near Newman.
Valmec has secured a $22 million deal with Jemena to conduct facility construction works at its Atlas Gas Pipeline project in south-west Queensland.
Valmec’s infrastructure and service divisions have won three new contracts with long-term repeat clients.
Valmec has secured a $4.5 million contract at Australian Gas Infrastructure Group’s Hydrogen Park production facility.
Valmec has secured a $6 million contract with Newmont Mining, while BGC Australia and Devlyn Constructions have won Bunbury school construction works worth a combined $5.9 million.
Investors have welcomed Valmec’s announcement that it expects to record a 64 per cent rise in net earnings for the 2019 fiscal year.
Two local engineering services firms have reported contrasting full-year results today, with Valmec announcing record underlying earnings while profit at Lycopodium fell 9.8 per cent.
Perth-based energy services group Valmec says it expects continued revenue and earnings growth after securing $43 million worth of contracts.
Our daily board moves wrap includes Timothy Cotton, Louis Calvarin, Kevin Dundo, Winnie Lai Hadad, Victor Rajasooriar, Govert van Ek, Peter McMorrow, and Matthew Blake.
Our daily board moves wrap includes Hansjoerg Plaggemars, Peter Wallace, Jon Sutton, Don Koch, Stewart Howe, Jonathan Downes, Stephen Woodham, Scott Mison, Vincent Goss, and Rohan Dalziell.
Shares in Valmec have risen by more than 13 per cent today after the Kewdale-based contractor announced new work with Water Corporation and Newmont Mining Services, totalling $23 million.
Engineering and construction group Valmec has extended its partnership with Water Corporation, as well as secured two new energy contracts.
Our board moves wrap includes Andrew McBain and Vince Santostefano.
Kewdale-based contractor Valmec has secured early works on a gas project in Queensland, boosting its order book to about $85 million.
Perth-based oil and gas contractor Valmec has announced a major growth plan, which involves expanding its asset services to account for half of the company’s order book.
Valmec has won a major asset services contract, while Centurion has secured mine site works in Queensland and Decmil has been named preferred contractor for a Victorian rail project.
Shares in Valmec soared by more than 15 per cent this morning after the diversified contractor reported solid first-half earnings and a growing order book.
Energy services group Valmec has secured $30 million of work with the likes of CBH Group, Australian Gas Infrastructure Group, and Arrow Energy.
Energy and infrastructure services contractor Valmec has confirmed a 13 per cent annual rise in earnings, attributing the growth to strong performance across the water and resources sectors.
Three WA companies have been contracted by CBH Group to improve storage capacity at the Australian grain exporter’s Brookton, Dale and Hyden receival sites.
A Henderson-based specialist pipeline testing company, now in liquidation, has launched legal action over $2.6 million in loans it claims are outstanding.
Kewdale-based Valmec and construction company John Holland have settled a long-running dispute over work completed on the state government’s $1 billion NorthLink transport project.
French engineering group Altrad Services it set to acquire listed contractor Valmec, in a deal that values the Kewdale business at $52 million.
Valmec shareholders have approved an acquisition by Altrad Australia in a $52 million deal announced in July.
The Western Force has named engineering group Altrad Services as its new principal partner, with the four-year deal starting this Super Rugby season.
Plans to build an LNG and hydrogen testing hub in Kwinana are moving forward, with Valmec and Kent appointed to undertake engineering work.
Hydrogen, exporting carbon storage, and reusing greenhouse gases are on the table as oil and gas players seek emissions cuts.
Three businesses formed in Perth have been given a new lease of life after being acquired by global players.
Global contractor Altrad has opened up on the performance of its Australian business after two major acquisitions.
Valmec would like to congratulate Jemena on the grand opening of the Northern Gas Pipeline and the Mount Isa Compressor Station.
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