- CIMIC Group’s (CIM) subsidiary CPB Contractors has been awarded three contracts by Rio Tinto which are valued at roughly $150 million
- These contracts are for various development works at Robe Valley in the Pilbara region
- Last year, Rio Tinto announced over $2 billion will be invested across its Robe Valley and West Angelas iron ore projects
- Works will create 1200 jobs and are set to be complete in 2021
- CIMIC is up 2.50 per cent today, with shares trading for $34.28 each
CIMIC Group’s (CIM) subsidiary CPB Contractors has been awarded three contracts by Rio Tinto, worth approximately $150 million.
The contractee will be responsible for various developments at Robe Valley, located within Western Australia’s Pilbara region.
“We are pleased to be working on one of the largest and most important mining operations in Australia,” CPB Contractors Managing Director Juan Santamaria said.
“CPB Contractors is committed to delivering these projects to the highest safety and quality standards and we’re proud to provide significant training and employment opportunities for local communities and Indigenous enterprises,” he added.
Specific works include earthworks, construction of roads, bridges and pits, water supply and drainage infrastructure, fencing, and site establishment, and demobilisation.
Rio Tinto announced last year over $2 billion will be invested across its Robe Valley and West Angelas iron ore projects.
Rio claimed its Japanese joint venture partners Mitsui and Nippon Steel & Sumitomo Metal will be able to sustain production of the high-grade Pilbara Blend and its Robe Valley lump and fines products.
“With our decades of experience in the Pilbara we offer major mining clients certainty and confidence in construction, mining and industrial services,” CIMIC Group CEO Michael Wright said.
The construction of both projects will create roughly 1200 jobs and are set to be completed by the end of 2021.
CIMIC is up 2.50 per cent today, with shares trading for $34.28 each at 12:45 pm AEDT.