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Decmil Group (ASX:DCG) secures $8.7M construction deal from Rio Tinto

Industrial
ASX:DCG      MCAP $44.34M
23 October 2020 08:20 (AEST)
Decmil Group (ASX:DCG) - Managing Director and CEO, Dickie Dique

Source: Business News

Decmil Group (DCG) has been awarded an $8.7 million contract to design and construct a laboratory facility at Rio Tinto’s Mesa A iron ore mine in the Pilbara.

Work is expected to begin around March next year after the initial design phase is completed.

It’s expected construction will be finished by August 2021.

The Mesa A mine is part of the Robe Valley hub, which is owned by the Robe River joint venture (JV).

Rio Tinto owns 53 per cent of the JV and is the operator of the two iron ore mines there, Mesa A and Mesa J.

The new contract marks another milestone in the relationship between Decmil and Rio, which dates back to 1999 when Decmil was awarded its first contract at Mesa J.

It’s been a busy year for Decmil, which has been working on a number of large infrastructure projects across Australia.

The $72 million, 51-turbine Warradarge Windfarm in Western Australia was officially opened last week.

The company also completed the $46 million Reid Highway upgrade in WA last month and is currently working on the $11.5 million Bruce Highway upgrade in far north Queensland.

Decmil Group is trading 7.46 per cent higher for 7.2 cents at 12:31pm AEDT.

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