Tag Archives: RCR Mining Technologies

RCR and Primero Group to deliver crushing and conveying system for Fortescue

Bulk handling, Comminution of minerals, Mine operation news, Mineral processing, Mining equipment, Mining services, Steel and iron ore, , , , , ,

RCR Mining Technologies and Primero Group are to work together on delivering a primary crushing plant (PCP) and overland conveyor (OLC) for the Queens project at Fortescue Metals Group’s Solomon Hub operations in the Pilbara of Western Australia.

RCR, a wholly owned subsidiary of NRW Holdings, was awarded the A$80 million ($61.8 million) contract by Fortescue, with Primero being sub-contracted a A$30 million package to provide engineering support and construction services for the PCP and OLC.

RCR previously delivered the Hopper 9 Crushing Facility at Fortescue’s Cloudbreak mine, with the latest award “strategically significant for the business as it showcases our engineering-led delivery of innovative solutions”.

Civil construction and earthworks will be undertaken by NRW’s Civil division, while RCR and DIAB Engineering, together with Primero, “bring a very strong design, manufacture and construction capability to this project with an engineering-led philosophy of solutions and innovation”, NRW said.

NRW Holdings is in the middle of trying to take over Primero following a cash and shares bid that values Primero at A$100 million.

NRW Holdings to add further mining/metals EPC capabilities with Primero acquisition

Comminution of minerals, Metallurgy, Mineral processing, Mining mergers and acquisitions, Mining services, , , , , , , , , ,

NRW Holdings is in pole position to take over Primero Group following a cash and shares bid that values Primero at A$100 million ($74 million).

Primero Directors, who own around 30% of Primero’s equity, have unanimously recommended its shareholders accept the offer in the absence of a superior proposal coming forward.

The addition of Primero, NRW says, would provide significant engineering, procurement and construction (EPC) capability to NRW’s renamed “Minerals, Energy & Technologies” business pillar.

For Primero, meanwhile, it would deliver a “meaningful premium” to recent market trading levels and avoid the need for a potential significantly dilutive capital raising to fund working capital required to deliver its 2021/2022 financial year contracted order book, NRW said. Primero currently has a contracted order book for FY21 of circa-A$285 million and holds preferred EPC contractor status across multiple projects totalling circa-A$900 million.

Managing Director of NRW, Jules Pemberton, said: “The acquisition of Primero will provide NRW with the opportunity to expand its Minerals, Energy & Technologies specialised capability and to leverage the combined expertise of both companies to pursue new business initiatives across a large pipeline of opportunities.

“It builds on NRW’s recent acquisitions of DIAB Engineering and RCR Mining Technologies and represents a further diversification of our strategic platform to offer clients continuity of services across the whole lifecycle of resource projects – from early planning, design, development, construction to operations and maintenance. In addition, Primero is also well positioned to future-focused energy solutions, including lithium and hydrogen technologies.”

Primero Managing Director, Cameron Henry, added: “The combination of NRW’s diversified delivery model coupled with the Primero capabilities will provide our client base with a unique end to end delivery model that will differentiate within the current market and will rapidly accelerate Primero’s growth strategy.

“Our teams have been working well at multiple levels together over the past 12 months and have several projects currently approaching delivery stage that will showcase the model.”

Detailed information relating to the offer will be set out in the Bidder’s Statement and Target’s Statement, which are expected to be dispatched to Primero shareholders in late November and early December 2020, respectively, the companies noted.

Newly acquired NRW Holdings companies to work on Tanami Expansion 2

Mine shafts and equipment, Mineral project development, Mining equipment, Mining services, Precious metals, , , , , , ,

In announcing an encouraging 10-month financial performance, NRW Holdings revealed its RCR Mining Technologies (RCRMT) division, working in tandem with DIAB Engineering, had been awarded a works contract at Newmont’s Tanami Expansion 2 project in the Northern Territory of Australia.

In an update on the company’s performance to the end of April, NRW Holdings said it had generated A$1.6 billion ($1.05 billion) of revenue in the 10 month-period from June 2019, representing a record revenue for the group compared with any previous full financial year.

Over this period, the company had progressed with the integration of the BGC Contracting business into the group, following the acquisition at the end of last year.

On contract news, the company said RCRMT and DIAB Engineering, which the company acquired through the BGC buy, had secured a A$17 million fabrication package for Tanami Expansion 2, with the companies manufacturing the head frame and skyshaft steel work for the project.

Jules Pemberton, NRW’s Chief Executive Officer and Managing Director, said: “The award by Newmont to RCRMT provides an opportunity to bring both RCRMT and DIAB Engineering (acquired as part of the BGC Contracting transaction), together to deliver this important project.

“The ability to deliver this work from our regional facilities, in Bunbury, Geraldton and our Welshpool facility, to a major Australian project reflects the growing capability of NRW in the Australian manufacturing sector to provide specialised capital equipment for mining clients.”

Newmont’s board signed off on the TE2 project in October 2019. The expansion includes construction of a 1,460 m shaft, additional capacity in the processing plant, and supporting infrastructure to enable profitable recovery of ore at a depth of 2,140 m below surface.

NRW’s new RCR Mining Technologies business captures Rio Tinto Koodaideri contract

Bulk handling, Mineral processing, Mineral project development, Mining equipment, Mining services, Steel and iron ore, , , , , , , , , ,

RCR Mining Technologies has continued its strong start under the guidance of new owner NRW Holdings, winning a “significant” original equipment manufacturer (OEM) equipment package from Rio Tinto for the miner’s Koodaideri iron ore project in the Pilbara of Western Australia.

The new order is for the supply of three large apron feeders, 11 slide gates and two belt feeders, to a combined value in excess of A$18 million ($12.2 million), NRW said.

NRW signed a deal with RCR Tomlinson’s administrators, back in January, to acquire the mining and heat treatment businesses of RCR for A$10 million in cash. Back then, NRW said the purchase of the international OEM and innovative materials handling designer would allow the company to provide incremental services, in line with its strategic objectives, to several core clients common to both NRW and the RCR businesses.

Ian Gibbs, Executive General Manager of RCRMT, said: “RCRMT has a long and proud history of supplying major equipment to Rio Tinto and the WA mining industry.

“Since transitioning to NRW ownership, we have been able to secure orders for all the current major iron ore projects to retain our status as the market leader in the design and manufacture of apron and belt feeders, which is an exciting achievement against a highly regarded multinational supply market.”

NRW CEO and Managing Director, Jules Pemberton, said: “The award represents further validation of our acquisition approach to provide clients with a broader service offering. I’d also like to acknowledge Ian Gibbs and his team who have worked hard to secure this work which will further support activity at both the Bunbury and Welshpool sites.”

NRW’s businesses have already won two contracts on the Koodaideri project – one for rail formation work and another for bulk earthworks.

NRW Holdings signs A$10 million deal to buy RCR’s Mining and Heat Treatment businesses

Bulk handling, Equipment maintenance, Mineral processing, Mining equipment, Mining mergers and acquisitions, Mining services, Mining techniques, , , , , , , , , , , , ,

NRW Holdings has entered into an agreement to acquire RCR Tomlinson’s Mining and Heat Treatment businesses for A$10 million ($7.3 million) in cash.

The agreement was signed with RCR’s administrators, which have been offloading various RCR subsidiaries since shortly after the company declared total liabilities of A$581.3 million alongside cash and equivalents of A$89.9 million in its 2018 financial year.

The purchase consideration will be funded from NRW’s existing cash reserves, with the deal expected to complete within the next two weeks, NRW said.

RCR Mining and Heat Treatment form part of the original RCR Tomlinson business established over 100 years ago.

RCR Mining includes the Mining Technologies business, which owns significant intellectual property across a range of products and processes and is recognised as a market leader by global resources clients, according to NRW.

“The Mining Technologies business is a leading national and international original equipment manufacturer and innovative materials handling designer with an extensive product range including apron and belt feeders, high capacity conveyors, slide gates, stackers, spreaders, fully track-mounted in-pit mining units (an example pictured above), sizers, scrubbers and screening plants,” NRW said.

One of RCR’s recent mining technology innovations is a 5 km relocatable conveyor, which includes a semi-mobile primary crushing station and feeds directly into Fortescue Metals’ Cloudbreak iron ore processing facility in the Pilbara of Western Australia.

Both the Mining Technologies and Heat treatment businesses have a high proportion of activity in equipment product support and maintenance (both on site and off site), NRW said, adding that the Heat Treatment business has facilities that include the largest stress relieving furnace in Australia.

Mining Technologies and Heat Treatment generated around A$110 million of revenue in the 2018 financial year and have a track record of delivering positive earnings, NRW noted, explaining the acquisition would be earnings per share accretive on a full-year basis, excluding integration and other one-off costs.

Jules Pemberton, NRW’s Managing Director and Chief Executive Officer, said the acquisition would allow NRW to provide incremental services, in line with its strategic objectives, to several core clients common to both NRW and the RCR businesses.

“In addition, the annuity style income from the maintenance activities of Mining Technologies and Heat Treatment will provide a platform to continue to build a broader service offering across an expanded resources and oil and gas client base.”