Viento Group

The recovery in the state's housing market is expected to boost sales of Viento Group's property developments in Southern River and Henley Brook, which hold a combined 855 lots.

Perth-based funds manager Viento Group says it is aiming to enter the mining services industry, after committing to buy “significant items of equipment” to bolster its hire fleet.

Equipment hire contractor Viento Group has won a $5 million contract with Ansaldo STS for upgrades to Rio Tinto’s iron ore rail network.Viento said its subsidiary, Mineworks Group, would mobilise equipment this week under the contract, which will initially run until October next year.

Viento Group's new contracting business, established with a group of former NRW Holdings executives, has won its first major contract at Fortescue Metals Group’s Solomon project. 

Two years ago, Viento Group was a battling property investment company treading water. Then along came former VDM Group managing director John Farrell and former NRW Holdings director John Silverthorne.

Shares in Viento Group have bucked the falling trend on the ASX today, after Calibre Group director and co-founder Ray Munro was announced as its new chairman.Viento shares were up 5.8 per cent at 27 cents, at 12:20PM, WST.

Equipment hire contractor Viento Group has secured a $7 million contract with Rio Tinto for repair works to the Dampier Salt facility at Port Hedland which was damaged over cyclone season.

Indigenous business is thriving and growing in the north-west, but it was not an overnight success.

A host of new names has emerged as Aboriginal business grows in the state’s north.

Calibre Group co-founder Ray Munro has agreed to take an executive role at Viento Group, where he will work alongside contracting veterans John Farrell and John Silverthorne.

Viento Group's contracting business has won a $2.7 million contract to provide rail works for Fortescue Metals Group.

Contractor Viento Group plans to broaden its range of services with the purchase of Hazelmere-based switchroom manufacturer HVLV in a prospective deal worth up to $21 million.

A joint venture between Viento Group and indigenous business Koodaideri has been awarded a $5 million road maintenance contract at Rio Tinto's Nammuldi below watertable project.

Contractor Viento Group will take a controlling stake in electrical switchgear firm Power Infrastructure Services (Powins) in a deal worth $400,000.

Viento Group non-executive director Shane Heffernan has resigned.Mr Heffernan joined the board of the mining services group in December 2010. 

BC Iron has beaten iron ore sales guidance from its Nullagine joint venture for the March quarter despite lower than anticipated production in the period.

Perth mining services company Viento Group has foreshadowed strong growth in revenue and underlying earnings in the current financial year following a series of acquisitions.

Civil and mining industry contractor Viento Group has announced a joint venture with 100 per cent indigenous owned Kimberley Pipelines, expanding Viento’s services into the pipeline construction industry.

A joint venture between Viento Group and indigenous-owned Kimberley Pipelines has been awarded a $9.8 million pipeline construction works contract for the first stage of Fortescue Metals Group’s North Star magnetite project in the Pilbara..

Viento Group has been awarded a $7.9 million contract by BHP Billiton Iron Ore for refurbishment at its OHP Substation in Yandi.

Mining services contractor Viento Group has forecast a trading loss in the current half year after disclosing that recently acquired subsidiary HVLV has run into problems on one of its contracts.

Mining services provider Viento Group has entered a trading halt after a legal dispute with a minority shareholder in its 65 per cent owned subsidiary, Power Infrastructure Services.

Mining services contractor Viento Group says it can’t explain why its share price has risen by 75 per cent to 12 cents per share in two weeks.

Viento Group has announced it will attempt to raise up to $7.23 million through a rights issue pitched at less than half its current share price.

BC Iron has moved forward with its cost-cutting initiatives by awarding a $40 million contract to Viento Group to provide crushing and screening at its Warrigal hub, which forms part of the Nullagine joint venture.

Investors haven't responded well to news that former Maca chief executive Doug Grewar has taken the helm of local mining services firm Viento Group with immediate effect.

BC Iron has terminated a mining services contract with Watpac Civil & Mining three months early as it seeks to cut costs at its Nullagine joint venture operation in response to the plunging iron ore price.

Five weeks after announcing a $7.2 million rights issue, and three weeks after getting a loan from two of its directors, Viento Group has called a trading halt on its shares while it considers funding options.

Mining services company Viento Group has gone into administration, despite having won major new contracts in the past month with iron ore miners BC Iron and Rio Tinto.

BC Iron has released its quarterly activities report, announcing successes in cutting costs but has foreshadowed a future impairment.

Iron ore miner BC Iron has continued its run of cost saving initiatives at its Nullagine operation by awarding a $40 million road haulage contract to QUBE Holdings.

Former mining services company Viento Group is under new leadership after a board restructure replaced all directors, including John Silverthorne, who in July struck a deal to buy all of the company’s assets for $17 million and form a new private venture which trades as Viento Contracting Service

Watpac Civil & Mining and BC Iron have flagged legal action against each other, with Watpac seeking about $12.5 million from the iron ore miner.

Contractors Doug Grewar and John Silverthorne are planning to develop the Brightstar gold project near Laverton, after their private company signed an agreement with project owner Stone Resources Australia.