- Construction engineering firm SRG Global (SRG) has been awarded a $150 million contract by Fortescue Metals Group (FMG)
- Under the contract, SRG will provide maintenance and shutdown services at Fortescue’s mine, rail, and port locations throughout Western Australia
- SRG Global will work at WA locations including Christmas Creek, Cloudbreak, Firetail, Kings Valley and Eliwana mine sites
- The company’s contract with FMG will run for five years and begin immediately
- SRG Global is up 5.87 per cent and trading at 49 cents per share
Construction engineering firm SRG Global (SRG) has been awarded a $150 million contract by Fortescue Metals Group (FMG).
The company’s $150 million contract with the iron ore mining giant is a master agreement for maintenance and shutdown services. Under the contract, SRG Global will initially provide services such as rope access and electrical maintenance requirements at Fortescue’s mine, rail, and port locations throughout Western Australia.
The company will provide its services at FMG’s iron ore mining sites, particularly those in Western Australia’s Pilbara region. These include the Christmas Creek and Cloudbreak mines within FMG’s Chichester Hub, the Firetail and Kings Valley mines within its Solomon Hub, and FMG’s new Eliwana mine within the Western Hub.
SRG will also work at the supporting rail and port infrastructure sites for these various mines. Fortescue’s mining infrastructure is connected to the Herb Elliott Port and Judith Street Harbour towage facility in Port Hedland, via the fastest heavy-haul railway in the world.
The company’s contract will run for five years and begin immediately.
SRG Global’s Managing Director, David Macgeorge, commented on the company’s $150 million term contract with Fortescue Metals.
“We are delighted to be selected as a key partner to FMG and to provide critical maintenance and shutdown services across their Pilbara operations for the next five years,” he said.
“This is another significant step forward in our strategy to build a portfolio of annuity earnings, with quality clients, to deliver long-term sustainable growth,” he added.
SRG Global is up 5.87 per cent, trading at 49 cents per share at 3:59 pm AEDT.