- SRG Global (SRG) secures term contracts with Northern Star Resources and Meridian Energy valued at $90 million
- The contract with Northern Star is for five years with work to be undertaken at the KCGM gold operations in Western Australia
- The Meridian Energy contract has a duration of seven years with the scope of works to be for Meridian’s hydro and wind assets across New Zealand
- Shares in SRG are in the grey to close at 69 cents
SRG Global (SRG) has secured term contracts with Australian gold producer Northern Star Resources (NST) and New Zealand power company Meridian Energy valued at $90 million.
The contract with Northern Star is for five years and the scope of work includes the provision of geotechnical ground support and depressurisation drilling at the Kalgoorlie consolidated gold mine operations.
The term will commence immediately and is expected to be complete in 2027.
The Meridian Energy contract has a duration of seven years and the scope of work includes the provision of painting and coatings, rope access, and repair services for Meridian’s hydro and wind assets across New Zealand.
This will commence immediately and the company expects to complete the work in 2029.
Managing Director David Macgeorge said the company is pleased to be awarded these “significant” contracts with the two companies.
“The Northern Star contract continues SRG Global’s over 25-year history at the Kalgoorlie Super Pit and provides a platform to further strengthen our relationship with Northern Star through the provision of geotechnical services,” he said.
“The Meridian Energy contract builds on our seven year history together and I am proud of our team being selected to maintain these critical assets in the Renewables sector.”
These contracts follow after the company had signed multiple significant new contract awards with big clients such as South32 (S32), Fremantle Ports and BCI Minerals (BCI) valued at $80 million.
Shares in SRG were in the grey to close at 69 cents.