Civmec Secures New Contract Awards And Extensions of About A$600 Mil, Including Works From Luerssen Acquisition

Edge
07/24

Civmec Limited has secured a series of new contract awards and extensions of approximately A$600+ million ($505.26 million), including the addition of SEA1180 program of works after the group’s acquisition of Luerssen Australia.

Among the newly secured contracts, Civmec has been awarded a package of works for Rio Tinto’s Cape Lambert Port A facility.

The contract involves the upgrade of six balanced machines—two stackers, two reclaimers, and two shiploaders—to support the introduction of high-density ore types. The scope of work includes procurement, fabrication, SMP (structural, mechanical, piping), and E&I (electrical and instrumentation) works.

Civmec has also been awarded the contract to install civils and SMPE&I for Fortescue’s Christmas Creek Green Iron Project. This project, located at Fortescue’s Green Energy Hub at Christmas Creek in Western Australia’s Pilbara, is part of Fortescue’s commitment to developing the technologies and processes to produce green metal. The first production is anticipated in FY2026.

Finally, Civmec, as part of a consortium comprising Civmec, Seymour Whyte, and Aurecon has been selected by the WA Government through Main Roads Western Australia as the preferred proponent for the planning and design development of the Perth Sporting and Entertainment Precinct Project.

The work will include the architectural and engineering work which will begin immediately and is anticipated to be completed by the end of the calendar year 2025. The project will see a new outdoor amphitheatre, facilities to support live music and sporting events, and green spaces.

「Our diversification into becoming an end to end supplier of services for Balance machines is continuing to pay dividends with the award of the contract to upgrade the balance machines at Rio Tinto’s CLA facility. We are very pleased to continue our strong relationship with Fortesque and be part of their campaign to be a world leader in the production of Green metal,」 says Civmec’s CEO Patrick Tallon.

Shares in Civmec closed 0.5 cents higher or 0.538% up at 93.5 cents on July 23.

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