Cameron Henry

Aspiring lithium miner Tawana Resources has confirmed the award of a $30 million engineering procurement and construction contract to Primero Group for its Bald Hill project in the Goldfields.

Perth-based engineering firm Primero Group has appointed company director Mark Connelly as chairman and broking firm Cannacord Genuity as lead manager as its finalises plans for an initial public offering.

Local engineering company Primero Group made a steady debut on the ASX today after completing a $25 million initial public offering.

A boost in resources contracts has driven engineering firm Primero Group to a $5.2 million profit for the 2018 financial year, with the company forecasting a further increase in revenue next year.

Monadelphous joint venture Zenviron has been awarded a contract with a wind farm group in regional Victoria, while Primero has announced new contracts worth $30 million.

After acquiring custom engineering firm Groves Manufacturing & Tooling on January 1, Nexxis will restructure and rebrand its new acquisition under the name SixDe, as it pushes into the robotics industry.

A series of new contracts and extensions, including an early contractor involvement arrangement with Hazer Group, has brought Primero Group’s forecasted FY19 revenue to approximately $150 million.

Primero Group has secured three new construction contracts, including a $115 million arrangement with Rio Tinto, while also announcing a capital raising of $7.6 million.

Primero Group has increased its order book to $195 million for the 2020 financial year after securing $100 million worth of engineering and construction contracts with Rio Tinto and Fortescue Metals Group.

Primero Group will complete further work on Rio Tinto’s Koodaideri iron ore project in the Pilbara under a new $20 million contract to build an airport terminal and associated infrastructure.

NRW Holdings is seeking its fifth acquisition after announcing a $100 million off-market takeover of fellow Perth-based contractor Primero Group.

NRW Holdings has been tasked with building plant infrastructure at Fortescue's Queens Valley project in the Pilbara, subcontracting takeover target Primero Group to complete the works.

Wesfarmers-backed Covalent Lithium has awarded the engineering contract for its Mt Holland lithium concentrator to NRW Holdings.

NRW Holdings’ Primero Group has been contracted to build a lithium processing plant in the Northern Territory and a vanadium electrolyte manufacturing facility in Western Australia.

Green Technology Metals has announced Cameron Henry will transition from executive director to managing director, effective immediately.