Downer EDI has folded the sale process of its mining business due to the “extraordinary market volatility” caused by the coronavirus pandemic.
NRW Holdings has confirmed it will buy BGC Contracting in a transformational deal that gives the target an enterprise value of $310 million.
Downer Group chief executive Grant Fenn is mulling over the future of the contractor’s mining business, stating that it is “very capital-intensive.”
Newcrest Mining has increased rates for Macmahon’s work at its Telfer gold project in Western Australia, putting an end to their contractual dispute.
Barminco has delivered a bag of goods, along with changes, to parent company Perenti Global, with group managing director Mark Norwell describing the acquisition as fundamentally changing the business.
Management Resource Solutions (MRS) Services Group, a mining services business with 400 workers across Newcastle, the Hunter Valley and Queensland, has gone into voluntary administration.
Ausdrill has adopted a new brand and identity, Perenti, and will trade under the name, Perenti Global.
To call the past year a period of change at Ausdrill would be an understatement.
Macmahon has confirmed market speculation about its potential takeover of the GBF Underground Mining group, which could provide it with a strong access to the Western Australian Goldfields.
WorleyParsons has acquired Jacobs Engineering’s energy, chemicals and resources division in a $US3.2 billion ($4.55 billion) deal.
Drilling services provider DDH1 has acquired Perth-based Ranger Drilling, adding specialised reverse circulation iron ore drilling services to the group’s capability.
Aus Tin Mining has terminated its contract with Jemrok at the Granville East mine in Tasmania following the collapse of the mining and civil contractor.
NRW Holdings chief executive officer Jules Pemberton has credited last year’s takeover of Golding Contractors as the main reason for a company transformation.
How did 2017 fare for services companies operating in the Australian mining industry.
CIMIC Group has promoted Michael Wright to chief executive officer and managing director.
Contractor MACA is set to grow its mining services business after raising $60 million through a share placement.
Ausdrill has raised $100 million through a share placement to help fund its growth plans in Africa.
Brierty has secured a $30 million contract for mining services at Newmont’s Boddington gold project.
Australian Mining Prospect Award Winners: Contract Miner of the Year – Abergeldie Complex Infrastructure
For the construction of Ulan West mine’s ventilation shaft which was delivered ahead of time, below budget and with zero incidents, Abergeldie Complex Infrastructure has won this year’s Contractor of the Year Award.
Contractor Downer EDI indicated it will lose as much as $650 million in revenue in its mine services sector in the wake of the downturn in the mining industry.