- CIMIC Group’s (CIM) subsidiary, UGL, has secured multiple construction and maintenance contracts with a combined value of over $200 million
- UGL has 30 years’ experience in working with leading mining companies
- The latest contracts are with fellow ASX-listers, Rio Tinto and BHP
- UGL has also won a contract to install a run-of-mine crusher and materials handling circuit for Roy Hill
- CIMIC ended the day a slight 0.22 per cent in the green with shares trading for $22.70
CIMIC Group’s (CIM) subsidiary, UGL, has secured multiple construction and maintenance contracts with a combined value of over $200 million.
“These contracts are demonstration of UGL’s 30 years of experience in building partnerships with leading mining companies and delivering solid performance of maintenance and shutdown services,” CIMIC CEO Juan Santamaria said.
Specifically, UGL has won a contract with Rio Tinto (RIO). UGL will provide civil, structural, mechanical, piping, electrical, communications and instrumentation work for Rio’s Mesa J PP2 Rescreening Plant in Western Australia.
The project will employ around 160 people and will begin immediately. It’s expected the project will be completed in September 2021.
Further cementing its relationship with Rio Tinto, UGL has won a contract extension for scheduled major shutdown services at Rio’s Alumina Refinery.
UGL also won a contract to install a run-of-mine crusher and materials handling circuit for iron ore miner, Roy Hill. The project comprises supply, structural, mechanical, electrical and instrumentation works and overall 100 people will be employed for the project.
Lastly, UGL has been appointed BHP’s (BHP) engineering services panel to provide various services for shutdowns and sustaining capital projects across the iron ore giant’s iron ore mine site and port operations, as well as rail facilities in the Pilbara.
“These new contracts and contract extensions highlight UGL’s capabilities in the mining sector and expand on our strong relationships with our clients,” UGL Managing Director Jason Spears concluded.
CIMIC ended the day a slight 0.22 per cent in the green with shares trading for $22.70 each.