SRG Global has won seven contracts including from Rio Tinto and Roy Hill, while Southern Cross Electrical Engineering has secured work at BHP’s Pilbara accommodation villages.
SRG Global has won seven contracts including from Rio Tinto and Roy Hill Holdings, while Southern Cross Electrical Engineering has secured work at BHP’s Pilbara accommodation villages.
The contracts awarded to SRG are worth about $110 million in total.
They include a three-year contract extension with Roy Hill to continue to provide shutdown and maintenance services at the iron ore miner’s Pilbara operations.
A second three-year contract involves maintenance support at “major nickel and cobalt operations” in the Goldfields, while a third involves engineered access services to Fonterra's dairy operations in New Zealand.
SRG was also awarded one-year contract extensions from Transpower NZ and Refining NZ – which operates New Zealand’s only oil refinery, at Marsden Point – to continue to provide industrial and coating services.
In Queensland, Subiaco-based SRG was awarded 18-month contracts from Rio Tinto to provide shutdown scaffolding services and refractory services at the mining major’s alumina refinery in Gladstone.
SRG managing director David Macgeorge said the company’s asset services division was continuing to grow in diverse sectors and locations with blue chip clients.
“These recent term contract wins provide further evidence of the continued execution of SRG Global’s growth strategy highlighted by an earnings profile of two-thirds annuity earnings and one-third project based, which positions us well for long-term sustainable growth," he said.
Meanwhile, Perth-based Southern Cross Electrical Engineering was awarded a $15 million contract from BHP’s iron ore division to complete upgrades at a number of accommodation sites in the Pilbara.
Specifically, SCEE will upgrade access, lighting, and monitoring systems.
Work under the contract has started and is expected to be finished next June.
SCEE managing director Graeme Dunn said the contract was an example of the breadth of offering the group presented to clients, following a diversification strategy in recent years.
Earlier this month, SCEE was awarded its largest contract to date, for work on Sydney’s new $5.3 billion international airport. That contract was worth more than $100 million.
SCEE’s shares were up 1.5 per cent at 12:12pm AEDT to trade at 68 cents.
SRG Global’s shares were up 3 per cent to trade at 52 cents.
