Civmec (ASX:CVL) has been awarded a major contract worth more than A$330 million for the Rio Tinto Western Range Project at their Paraburdoo site in the Pilbara region of Western Australia.
This project includes Greenfields and Brownfields scope and will involve the construction of a new Run of Mine (ROM) pad, primary crushing facility, overland conveying circuit, and modifications to the Coarse Ore Stockpile (COS) and downstream conveying system.
At peak, the project will employ over 400 people on site and is currently scheduled for completion in H1 FY2025.
The company is listed on the SGX and ASX and offers core capabilities in heavy engineering, shipbuilding, modularisation, SMP, EIC, precast concrete, site civil works, industrial insulation, maintenance, surface treatment, refractory and access solutions.
Following the announcement, shares of Civmec (ASX:CVL) were up 1.61%.