Tag Archives: METS

Australia’s CEFC invests in RCF’s decarbonisation-focused METS funding platform

Resource Capital Funds says The Clean Energy Finance Corporation (CEFC), Australia’s largest dedicated cleantech investor, has invested $14 million into RCF Jolimont Mining Innovation Fund II (RCF Jolimont Fund II), a private equity fund specialising in mining innovation that, RCF says, strives to make mining safer, better and more efficient.

RCF Jolimont Fund II will invest in growth mining equipment, technology and services (METS) companies with an increasing focus on mining innovation investments that look to support the decarbonisation of the sector and meet the mining industry’s appetite for the clean energy technologies that will seek to accelerate the reduction of emissions across the industry.

Lyle Bruce, Partner, Head of RCF Jolimont, says: “The METS sector is helping to enable the sustainable mining of critical energy transition metals like copper, nickel, lithium and others that the world is demanding. We are proud to have the support of the CEFC to continue investing in emerging mining technologies that are revolutionising how mines operate, and helping reduce the emissions of Australia’s mining operations.”

CEFC Resources Executive Director, Rob Wilson, said: “Reducing emissions in the mining industry is critical to Australia’s push towards net zero emissions and will help position the sector competitively for the future. Our investment in RCF Jolimont II will help tackle what is a traditionally hard-to-abate sector by backing companies that are developing innovative solutions to emissions reduction.

“The RCF team has exceptional experience in mining-focused private equity and specialist expertise in fostering the growth of mining innovation companies. The potential pipeline of investee companies offers an exciting opportunity to recast mining in Australia for the long term as we help solve the challenge of decarbonising mining.”

EY Canada bolsters ESG service offering with AFARA acquisition

EY Canada has welcomed AFARA and its team of multidisciplinary consultants to the firm to deepen existing resources and expertise in sustainability, and environment, social and governance (ESG) services.

With presence in Toronto and Calgary, Canada, AFARA provides leading public and private sector organisations with solutions – grounded in actionable insight – that make lasting improvements in sustainability performance, EY Canada says.

“Businesses around the world are now embracing societal change and sustainable development as road maps to long-term success – and we are excited to play a role in that journey,” Kent Kaufield, Chief Sustainability Officer and ESG Markets Leader at EY Canada, says. “At the end of the day, sustainability is everybody’s business. With AFARA, we look forward to helping clients build resilient, sustainable companies and economies, while furthering the energy transition.”

Dan Zilnik, President at AFARA, said: “It’s incredible to be joining an organisation so focused on culture, values and solving some of the world’s most meaningful, complex problems.”

For nearly 20 years, EY teams have built a legacy in providing sustainability and ESG services. Now, with AFARA joining the EY-Parthenon practice, the firm will provide clients with enhanced end-to-end services that address the increasing ESG challenges organizations face today, it said.

Dave Rogers, Canadian Strategy Leader at EY-Parthenon, said: “From setting greenhouse gas reduction targets, to turning carbon dioxide pollution into valuable products and scaling up transformational recycling technologies, we’re helping leaders reframe their sustainability strategy to help protect and create value for business, people, society and the world. This investment is a testament to firm’s commitment to accelerating climate action, and empowering its people and clients do the same.”

Turner & Townsend expands Australia natural resources business with JukesTodd acquisition

Turner & Townsend has acquired JukesTodd, an advisory and project management firm founded in Brisbane, Australia, doubling the size of its natural resources business in Australia.

The strategic move will, the company says, create a uniquely positioned business that offers independent advice through a standout advisory, project management and commercial management offer in the Australia and New Zealand (ANZ) natural resources sector. Turner & Townsend’s Australia and New Zealand business now has more than 900 people.

The combined team will work together as Turner & Townsend JukesTodd in the ANZ natural resources market. Led by Steve Jukes, current Managing Director of JukesTodd, the company will build on Turner & Townsend’s existing project controls, program management, cost and commercial management capability to create an unrivalled offer in the commodities market.

Established in 2007, JukesTodd has offices in Brisbane and Perth, Australia, with a strong offering in project and program management and a growing reputation in environmental, social and governance (ESG) and clean energy.

Turner & Townsend JukesTodd is well positioned as the ANZ and global markets look to meet the growing demand for commodities to power the clean energy transition and the decarbonisation of industry. This market shift is challenging these sectors to be an engine for change, while also putting sustainability at the heart of their own operations.

Anooj Oodit, Managing Director of Asia Pacific at Turner & Townsend, said: “Turner & Townsend JukesTodd represents a unique natural resources offer, creating a platform that will put our clients at the forefront of the industry’s transition to a clean energy future. With 170 highly skilled program and project management professionals in our combined ANZ natural resources team, our businesses will transform performance in sustainable mining and power generation through establishing new and market leading propositions.”

Steve Jukes, added: “Together, we share a passion for delivering exceptional client outcomes through collaboration and making a positive impact across industry both locally and globally. We look forward to leveraging our combined strengths, supporting clients in a period of economic uncertainty and significant demand, across the full project lifecycle. Our aligned growth strategies, values and vision reinforce the strategic rationale of combining our businesses and I’m excited about the opportunities it will bring for our team and our clients.”

Andy Aston, Global Natural Resources Lead of Turner & Townsend, said: “It is a crucial time for the global natural resources sector as it navigates the transition to sustainable mining and clean energy. Decarbonisation of operations and the sustainable production of critical minerals including lithium, aluminium and copper, that are essential to a low carbon future, are central to this. This partnership ensures that we can support clients on this journey and be at the forefront of cost competitive project and programme delivery.”

Industry leaders to discuss mining’s sustainable future at IMARC

A greener future will require more mining than ever before, meaning collaboration and the adoption of new technologies across the industry’s entire value chain is no longer an option, but a necessity, organisers of the International Mining and Resources Conference (IMARC) say.

This will be among the key challenges being addressed by industry leaders and innovators at the conference, due to take place on November 2-4, in Sydney, Australia.

According to key players in mining equipment, technology and services (METS) space, who will be speaking at the forum, there’s an urgent need for the industry to dramatically increase its uptake of sustainable technologies.

AspenTech Vice President and General Manager of Metals and Mining, Jeannette McGill, says not being at the cutting edge of available technology can be risky for mining companies.

“Technology is mandatory as it underwrites the future for mines, especially the ones mining lower-grade metals,” she said. “It’s these technologies that are going to allow us to mine and process more efficiently and allow us to have less impact on the environment.

“We can be more robust in how we push out the technologies into the market, but the constraints are around a skills base to absorb it, but also the adoption of technologies doesn’t come without a cost.”

Paul Berkovic, Chief Commercial Officer at I4 Mining by Rayven, agrees initially some technologies are hard to adopt but will eventually have an extremely significant impact on productivity, safety and in meeting demand for critical minerals vital to future energy solutions, including solar panels and wind farms.

“Competitively, it will be unavoidable, but there will also be huge environmental benefits to the adoption of this technology which consumers should understand because mining is not going anywhere,” Berkovic said. “It’s a really important part of our economy but how do we make it a more friendly part of the economy than it currently is perceived as?”

Ethically-conscious consumers are one of the major driving forces behind the mining sector’s transition, according to METS Ignited General Manager, Kylah Morrison, who says they are more influential on the industry than ever before thanks to the pressure they put on end-user manufacturers.

“You’re seeing a lot of those end users, which maybe had two or three steps before the raw materials got to them, starting to have to take responsibility for what those interim steps are and make them more secure, so we’re seeing miners have a more direct relationships with end users,” Morrison said.

“Fortunately, with data and computing power, we can offer that transparency. Apple, for example, could say to the consumer who’s purchasing an iPhone or an iPad: ‘we know for sure that we’re providing a carbon neutral or low carbon product’.”

With that community influence in mind, it’s also the responsibility of mining companies around the world to ensure they are engaging these technologies in a thoughtful way, rather than making reactionary decisions to engage in short-term solutions that may not be manageable in the future.

“The mining space has been at the vanguard of technology to a certain extent,” Berkovic said. “It’s had self-driving vehicles and all sorts for 20-30 years now, but what is happening now is a whole lot of these new novel technologies are coming out but they’re being adopted in a sort of ‘point and shoot’ manner,” Berkovic said.

IMARC Conference Director, Sherene Asnasyous, says with such a diverse cross section of the mining and resources industry attending, the event is a unique opportunity for collaboration to address evolving challenges such as this.

“IMARC will shine a spotlight on the role the METS sector is taking in driving the global energy transition, how it is bringing innovation to the exploration and development of new future-facing resources, and how it is helping balance the needs of the developed and the developing world, as well as local communities and environments, in the resource transition,” Asnasyous said.

“At its core, IMARC creates a global conversation and is all about the business of mining and resources, providing extensive opportunities for collaboration, knowledge sharing and cross-sector engagement to help drive a smarter, more productive industry of the future.”

International Mining is a media sponsor of IMARC, in Sydney, Australia

Westgold signs up MLG for transport, maintenance and management services

MLG Oz Limited says it has been awarded a material five-year contract by Westgold Resources Limited that will see the METS company service the gold miner’s operational hubs across the Murchison and Bryah Basin regions.

The contract, which leverages MLG’s integrated support model, is focused on enhancing Westgold’s operating efficiencies. It also consolidates MLG’s resources in the Mid-West region and represents a material win for the company, it said.

Westgold owns and operates the Tuckabianna, Bluebird and Fortnum processing hubs across the Murchison and Bryah Basin regions of Western Australia, with its objective to leverage MLG’s existing fleet capacity to enhance operational efficiencies and use MLG’s latest road haulage technical advancements, MLG said.

Westgold is to provide dedicated maintenance facilities at each of its sites to support MLG operations.

The scope of services includes the delivery of in-pit, off- and on-road haulage, road maintenance and run of mine management services activities across all of Westgold’s operations.

The initial ramp up and mobilisation activities are expected to commence in October 2022, with anticipated annual revenues of circa-A$40 million ($27 million) with revenue to build from December 2022.

MLG founder, Managing Director and majority shareholder, Murray Leahy, said: “We are delighted Westgold has selected us to enhance their operations in the Murchison and Bryah Basin regions. Westgold is focused on driving cost and operational efficiencies to enhance the profitability of its business and we are proud to have been chosen as a key and trusted business partner.

“This is a large opportunity for MLG to establish a long-term relationship with a growth-oriented gold miner and Westgold’s faith in MLG represents a significant endorsement of our capabilities.”

MLG Oz is a founder-led business that provides a range of services to mine sites, integrated around the needs of client’s ore processing facilities.

Vedanta aims to solve open-innovation challenges with Austmine collaboration

Austmine and Vedanta have signed a Memorandum of Understanding (MoU) that outlines a framework for future cooperation between the two companies in line with the Australia-India Mining Innovation Program supported by the Australia-India Council and the Global Mining Challenge – India program.

The MoU was executed by Dr Robert Trzebski, Austmine Director, International Business, and Vineet Jaiswal, Deputy CEO of Vedanta Limited’s Centre of Excellence.

“We are very pleased to see this MoU in place as it paves the way for great synergy between our two entities, combining Austmine’s METS network in Australia and Vedanta’s drive for technology excellence and innovation,” Trzebski said. “Our collaboration will allow Australian METS solutions to enter the Indian mining industry and address challenges around world-class standards of governance, safety, sustainability and social responsibility.”

Jaiswal added: “We are delighted to see this alliance take place as Austmine is a great platform to help crowdsource innovation and connect to the best of brains across the world for opportunities available across Vedanta group. The METS capabilities of Austmine’s membership network will be a complement to Vedanta’s quest for transformation across environment, communities, governance, workforce and other business functions.”

The objectives of the MoU are to solve to open-innovation challenges, gain access to Australian transformative and sustainable technologies, drive disruptive potential that will create a large-scale impact on global ESG issues,and stimulate bilateral trade and investment between Australia and India, Austmine says.

The first two challenges, ‘Underground Mining Network Connectivity’ and ‘Reduction of Net Carbon Consumption in Potlines’, have already been launched. In the former category, Vedanta is seeking technology-based solutions that help reduce the risks, impacts, and occurrence of communication gaps in its underground mining operation at the Rampura Agucha Mine; with the latter challenge seeking technology-based solutions that can help reduce the net carbon consumption in its potline at the Vedanta Limited Jharsuguda smelter.

DRA Global offloads G&S to KAEFER Integrated Services

DRA Global and KAEFER Integrated Services have executed an agreement for the sale and purchase of the business of G&S Engineering Services Pty Ltd and G&S Support Services Pty Ltd (collectively G&S), comprising selected contracts, assets and liabilities for A$8 million ($5.6 million).

The sale is subject to conditions precedent standard for a transaction of this nature and is currently expected to complete before the end of the September quarter of 2022.

G&S, based in Mackay, Queensland, has a 25-year track record of delivering services to the Australian resources sector, with a focus on maintenance and shutdown services and structural mechanical piping (SMP) construction services.

KAEFER Integrated Services is a provider of technical industrial services specialising in insulation, access, surface protection, passive fire protection, as well as mechanical services.

DRA Interim Chief Executive Officer, James Smith, said: “DRA has been undertaking a strategic review of its business, to ensure that we re-focus on our core strengths of engineering, project delivery and operations management. G&S, with its focus on operational maintenance, SMP construction and shutdown services, is not part of this core focus.

“We believe the G&S business will be best served under the ownership of KAEFER, where it can benefit from having an owner that is strategically aligned to providing the required investment and management focus.”

The sale comprises certain key contracts, assets and liabilities of G&S. Importantly, the new owner, KAEFER, is committed to building on G&S’ work program and connection with clients and suppliers and maintaining a strong workforce, DRA says.

DRA previously announced the cessation of its APAC construction business, with G&S currently seen as loss-making, as a result of some poorly performing construction projects. As a result, it is no longer considered a core part of DRA’s activities.

For the financial year ended December 31, 2021, G&S contributed approximately 20.1% of group revenue, EBITDA and profit contributions were negative, and accounted for approximately 10% of Group assets. Those proportions have since decreased.

The re-focus of DRA’s APAC business on engineering, project delivery and operations management requires a restructure to optimise these operations, the company says. Further, the group is finalising the outcomes of its previously announced operating model review which is also expected to optimise the group’s corporate overhead structure.

SRG Global continues engagement with Kalgoorlie Super Pit after signing pact with Northern Star

SRG Global Ltd’s 25-year history with the Kalgoorlie Super Pit in Western Australia is set to continue after it signed a new five-year term contract with the mine’s current owner, Northern Star Resources.

The agreement is one of two new contracts – the other with Meridian Energy – the ASX-listed company has secured, which are valued at circa-A$90 million ($63 million).

The scope of works of the Northern Star contract includes the provision of geotechnical ground support, rock fall protection systems, depressurisation drilling and rope access services at the Kalgoorlie Consolidated Gold Mines gold operations. The contract will commence immediately and is expected to complete in 2027.

David Macgeorge, Managing Director, said: “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.”

MACA civils contract book swells with new Rio Tinto, Roy Hill work

MACA Limited has announced three new civil contract awards with a total value of approximately A$115 million ($79.5 million), two of which are for mining companies in the Pilbara region of Western Australia.

The contractor has been awarded an early works contract on Rio Tinto’s Western Range Project, 8 km west of Paraburdoo in the Pilbara.

The project, which is expected to generate approximately A$60 million in revenue, consists of pre-approval works for construction of a camp pad and access road, in addition to crushing and screening work.

The delivery of the works will commence in the second half of 2022 for a duration of approximately 12 months.

MACA has also been awarded a further civil works package with Roy Hill Iron Ore Pty Ltd at the Roy Hill iron ore operation in the Pilbara. The Roy Hill project is owned by Hancock Prospecting Pty Ltd, Marubeni Corporation, POSCO and China Steel Corporation, and is 115 km north of Newman in the Pilbara.

The package consists of supporting Roy Hill with the Sierra Hydraulic Structure works, and is expected to generate A$16 million of revenue with delivery of the works commencing this month and expected to run through to the end of the calendar year.

MACA incoming CEO, David Greig, said of these contracts: “These awards are great examples of MACA’s deliberate pursuit of capital light earnings, improved revenue diversity and attractive delivery models. MACA looks forward to delivering these projects and contributing to successful outcomes for our clients.”

Civmec to replace car dumper at BHPs Nelson Point, carry out new work for Roy Hill

Civmec Limited says it has recently secured circa-A$120 million ($86 million) of new contracts across multiple operating sectors, including three new agreements with BHP and Roy Hill.

Among these new assignments is a Car Dumper Replacement project for BHP, which has instructed Civmec to replace Car Dumper 3 (CD3) at the Nelson Point facility in Port Hedland, Western Australia, was commissioned in 1998. The new CD3 has a design life of 30 years and is intended to fit in the existing concrete vault with minimal structural modifications, Civmec said.

Procurement activities for this project have commenced, with fabrication commencing in the first quarter of its 2023 financial year (September quarter) and completion of fabrication in Q4 FY2023 (June quarter of 2023). At peak, this contract will employ approximately 85 people, Civmec said.

Roy Hill, meanwhile, has instructed Civmec to perform two contracts.

The first one is a capital upgrades project where it has been awarded the SMP&E (Structural Mechanical Piping and Electrical) works for the ROM4 Crusher 5 project at Roy Hill’s mine in the Pilbara of Western Australia. This is a follow on from the current SMP&E contract for the WHIMS project for Roy Hill, which is nearing completion and will see the same project management team transitioning to the ROM4 project.

The scope includes SMP&E plus communications works for the Crushing Station 5 and transfer conveyor, including installation of client-supplied modules and equipment. Mobilisation will commence in the June quarter of this year with completion by the end of the year.

Civmec has also received an extension of its Shutdown and Maintenance Support Services Agreement with Roy Hill, being granted an additional five years through to March 2027.

“This contract extension demonstrates a significant commitment from Roy Hill and will enable Civmec to support the Roy Hill Operation with multi-disciplined shutdown and maintenance services for the fixed plant assets across the port (facility) and PSA (mine),” Civmec said.

“As one of Civmec’s long term customers, Roy Hill is an important stakeholder for our maintenance business. Our investment in the local community and our commitment to building our Port Hedland Workshop facility is evidence of our pledge to being a long-term partner to Roy Hill and our intent is to further strengthen this relationship.”