- Boom Logistics (BOL) has been awarded a new contract for a major smelter shutdown project at BHP Olympic Dam
- Under the contract, the company will supply additional cranes, specialty rigging and engineering services for the shutdown
- Boom Logistics expects to receive approximately $15 million in revenue from the project in the 2022 financial year
- The company will mobilise equipment in June, before commencing work on the contract in August
- Boom Logistics is up 7.14 per cent and trading at 15 cents per share
Boom Logistics (BOL) has been awarded a new contract for a major smelter shutdown project at BHP Olympic Dam.
The industrial company has been conducting ongoing maintenance work at the BHP Olympic Dam since 2012. This contract is part of the Smelter Campaign Maintenance 2021 (SCM21) project, which will be in addition to Boom’s existing work at the Dam.
Smelter shutdowns are considered to be an important part of mining maintenance, as it can contribute to safe and effective production, as well as productivity improvement.
Under the contract, Boom Logistics will supply additional cranes, specialty rigging, and engineering services for the shutdown. The company will mobilise equipment in June 2021, with the project likely to start in August and run until November 2021.
Boom Logistics expects to receive approximately $15 million in revenue from the project contract in the 2022 financial year.
Boom Logistics’ Managing Director and CEO Tony Spassopoulos said that the company is continuing to win new mining maintenance work.
“We are very proud of our longstanding relationship providing services to BHP Olympic Dam, and pleased to support another major smelter shutdown program,” he said.
“During the SCM21 shutdown, Boom Logistics will have 40 cranes and approximately 150 crew on site at Olympic Dam,” he added.
Boom Logistics also has solid shutdown bookings planned in Queensland and Western Australia for the new financial year. Other company projects include the ongoing GE Bango wind farm construction and the Snowy 2.0 infrastructure projects, both of which should continue into the first quarter of the 2022 financial year.
Boom Logistics is up 7.14 per cent, trading at 15 cents per share at 2:40 pm AEST.