Tag Archives: Mipac Pty Ltd

GR Engineering’s Mipac boosts process control expertise with Paradigm buy

Mining mergers and acquisitions, Mining services, , ,

GR Engineering Services Limited’s wholly owned subsidiary, Mipac Holdings Pty Ltd, has entered into an agreement to acquire Paradigm Engineers Pty Ltd, a provider of control systems and electrical engineering, automation and technology services based in Western Australia, in a deal worth A$9 million ($5.9 million).

This transaction enhances Mipac’s control system and electrical design capabilities and expands its existing footprint in Western Australia, the company said, adding that Paradigm has significant expertise working across a range of commodities, including iron ore, gold and battery minerals.

GR Engineering said: “Process controls have become increasingly relied upon as a platform to extract efficiencies and improve safety outcomes in processing operations through the adoption of technology and software solutions. Advances in control system design and product technologies and their adoption in operations are being mandated across the industry by leading industry participants to support the safe and optimised performance of assets.”

Paradigm, which states as having clients such as BHP, Rio Tinto and Newmont, is forecasting financial year 2024 revenue of A$16 million and an EBITDA margin percentage consistent with Mipac, GR Engineering says. The combined Mipac and Paradigm business is expected to generate revenue of approximately A$50 million on a pro-forma basis.

GR Engineering to design and construct OZ Minerals’ West Musgrave process plant

Base metals, Comminution of minerals, Mineral processing, Mineral project development, Mining services, , , , , , ,

GR Engineering Services says it has entered into two contracts with OZ Minerals Musgrave Operations Pty Ltd, a wholly owned subsidiary of OZ Minerals Limited, for the design and construction works of the West Musgrave mineral processing plant in Western Australia.

GR Engineering has been engaged by the company to provide the following services for the West Musgrave project:

  • Engineering design, drafting, project management and commissioning; and
  • Structural, mechanical, piping, electrical and instrumentation construction works.

GR Engineering’s wholly owned subsidiary, Mipac Pty Ltd, will also be engaged within the GR Engineering scope of work to provide specialist electrical and instrumentation services.

The estimated revenue from the delivery of these contracts will be A$312 million ($211 million) over a two year period.

Tony Patrizi, Managing Director of GR Engineering, said: “We are pleased to have been engaged by OZ Minerals to play a key role in the delivery of the world- class West Musgrave project. This is an important project for GR Engineering as we have worked with OZ Minerals over many years on projects within the OZ Minerals group, including the West Musgrave project, and see this award as a strong endorsement of our proven delivery capabilities.”

Debbie Morrow, Projects Executive for OZ Minerals, added: “We’re delighted to be working with GR Engineering on the design and construction of the minerals processing plant for the West Musgrave project, which is set to be one of the largest, lowest cost, lowest emissions copper-nickel projects.”

The West Musgrave project feasibility study the OZ Minerals Board signed off last year details a 13.5 Mt/y operation with average production of circa-28,000 t/y of nickel and circa-35,000 t/y of copper over a 24-year operating life.

GR Engineering’s Mipac to complete Stage 2 work on Kyshtym copper electrolytic plant in Russia

Base metals, Mining equipment, Mining services, , , , , ,

GR Engineering Services’ wholly owned subsidiary, Mipac Pty Ltd, has received engineering and procurement orders from MESCO Inc to complete Stage 2 work on the Kyshtym copper electrolytic plant in the Chelyabinsk region of the Russian Federation.

As part of the work, Mipac will supply in-house developed specialised monitoring technology and software solutions.

MESCO is listed on the Tokyo Stock Exchange and the Mipac team has previously worked with MESCO on the project. All of the work, which will start immediately, will be performed remotely with personnel only travelling to site for commissioning and start-up, GR Engineering said.

As part of a 2017-2018 modernisation project, the Kyshtym plant’s production capacity increased to 140,000 t/y of copper cathodes and 140,000 t/y of copper rods, Russian Copper Company says.

This is a key contract award for the Mipac team and will contribute approximately 35% of Mipac’s forecast revenue for financial year 2022, it added.

GR Engineering’s Managing Director, Geoff Jones, said: “Mipac is a highly regarded controls systems and operations technology engineer and its business has been successfully integrated across the wider GR Engineering group post acquisition. We are pleased that Mipac will work collaboratively with MESCO on another important project.”

GR Engineering acquired Mipac, a leading global provider of control systems engineering, automation and technology services, earlier this year.