Tag Archives: SRG Global

SRG Global builds out contract book with BHP, Rio Tinto maintenance work

Equipment maintenance, Mine operation news, Mining services, Steel and iron ore, , , , , , ,

SRG Global says it has secured maintenance contracts in Queensland and an Aboriginal JV contract in Western Australia for clients including BHP and a subsidiary of Rio Tinto.

The contracts, valued at circa-A$65 million ($43 million), bring the company’s new contract wins since the start of the 2023 financial year (which ends on June 30) to A$1.2 billion.

The Queensland maintenance term contracts include contracts with Rio Tinto to provide engineered access services at Yarwun in Gladstone. This contract will start immediately and is expected to continue for a period of five years, including two one-year options to extend.

The Bugarrba Aboriginal JV term contract with BHP is to provide shut down engineered access services in the Pilbara of Western Australia. The contract will start immediately and is expected to continue for a period of five years, including three one-year options to extend.

David Macgeorge, Managing Director, commented: “These contract wins showcase our specialist skillset as a trusted partner to deliver maintenance services for our clients critical infrastructure in the marine, alumina, steel and iron ore sectors.”

SRG Global to fill out front-end service gap with ALS Asset Care

Mining equipment, Mining mergers and acquisitions, Mining services, , ,

SRG Global is looking to bolster its front-end asset integrity and reliability services with the planned acquisition of ALS Industrial Pty Ltd for A$80 million ($55.3 million).

The company has entered into a binding agreement with ALS Industrial Holdings Pty Ltd, a subsidiary of ALS Ltd, to acquire 100% of the issued shares in ALS Industrial Pty Ltd (ALS Asset Care).

ALS Asset Care has market leading technical expertise in front-end asset integrity and reliability services, which complements SRG’s existing back-end maintenance expertise, SRG says. It also has a long-term, blue-chip customer base across mining, oil & gas, energy, infrastructure and the utility sectors.

“The combined group brings together two highly complementary businesses that provide significant cross selling opportunities with existing and complementary customers,” SRG said. It also accelerates SRG’s transition to recurring, annuity earnings, with some 99% of Asset Care’s expected FY 2023 revenue being maintenance related and a significant proportion contracted.

Asset Care has been operating for more than 65 years and employs over 600 people, with sites located across Western Australia, Victoria, New South Wales and Queensland, and a 70% east/30% west geographic split in Australia. It provides a broad range of services, including integrity & reliability engineering, inspection, testing, condition monitoring and certification.

Asset Care is expected to deliver FY23E revenue of A$135 million and EBITDA of A$15.4 million, prior to realising any revenue or cost synergies, SRG said.

SRG Global banks A$220 million of work with Northern Star in Western Australia

Explosives and blasting, Mine operation news, Mining equipment, Mining services, Precious metals, , , ,

SRG Global says it has secured significant contracts with Northern Star Resources Limited worth some A$220 million ($157 million).

This includes a new five-year drill and blast services, explosives management and grade control drilling contract at its Bronzewing gold operations in Western Australia, along with a two-year contract extension covering the same scope with Northern Star at its Thunderbox and Carosue Dam gold operations, also in Western Australia.

The latter is an extension on the initial five-year contract SRG signed with Saracen Mineral Holdings (the previous owner of the assets) back in 2020.

David Macgeorge, SRG Global Managing Director, said: “SRG is extremely pleased to have secured both the new five-year contract at Bronzewing and the two-year contract extensions at Thunderbox and Carosue Dam. I am very proud of our Mining Services team for their hard work supporting Northern Star’s operations at the Kalgoorlie Super Pit, Thunderbox, Carosue Dam and now the Bronzewing gold operations in WA.”

SRG Global’s Bugarrba Aboriginal JV to carry out scaffold service work at Iron Bridge

Mineral project development, Mining services, Steel and iron ore, , , , , ,

SRG Global Ltd says its Aboriginal Joint Venture, Bugarrba, has been awarded a five-year term contract with Iron Bridge Operations in the Pilbara of Western Australia.

The five-year term contract with Iron Bridge, an unincorporated joint venture between Fortescue Metals Group (Fortescue) subsidiary FMG Iron Bridge and Formosa Steel IB, is a master agreement for maintenance and shutdown services to provide engineered scaffold services across
its new magnetite project in Western Australia.

The contract, valued at circa-A$40 million ($26 million) is expected to commence early in 2023.

Bugarrba is a joint venture with members of the Njamal People and SRG Global. The traditional land of the Njamal people covers 42,000 sq.km within the Pilbara, with its name meaning ‘Country’ in the Njamal language. Bugarrba’s vision is to provide meaningful and sustainable employment opportunities to its people and Aboriginal people more broadly.

Terry Wilson, Bugarrba Board Member, said: “Bugarrba are excited to secure another important contract for the Njamal people and are looking forward to working with Iron Bridge Operations located on the traditional lands of the Njamal people.”

David Macgeorge, SRG Global Managing Director, added: “SRG is tremendously proud of our Bugarrba joint venture, seeing its continued success and contribution to Aboriginal people, and working with Iron Bridge Operations, on what is such an innovative project for Western Australia.”

The Iron Bridge project is set to deliver 22 Mt/y of high-grade magnetite concentrate product, with first production scheduled for the upcoming March quarter.

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

Mine operation news, Mining services, Precious metals, , , , ,

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.”

SRG Global banks contract extensions with South32 at Worsley and BCI at Mardie

Energy minerals, Mine operation news, Mining services, Steel and iron ore, , , , , , ,

SRG Global Ltd says it has secured significant new contract awards with existing Tier 1 clients, including South32 and BCI Minerals, valued at circa-A$80 million ($55 million).

The South32 term contract is an extension to the existing contract and has a duration of two years for works at the Worsley Alumina bauxite and alumina refinery operations in Western Australia. The scope of works is to provide civil services for the continuous enhancement of BRDA embankments as well as other civil and road maintenance services. The contract will commence immediately and is expected to complete in 2024.

The BCI Minerals contract will see SRG Global continue to provide earthworks and civil services for the construction of evaporation pond embankment walls as well as other civil infrastructure for gas pipeline corridors and drainage at the Mardie salt and potash project in Western Australia. The contract extension applies to existing works that will start immediately and will be complete in 2022.

David Macgeorge, Managing Director, said: “The South32 contract builds on our six-year relationship at the Worsley Alumina site and is evidence of our ability to add value for key clients through our diverse capability.”

Back in October 2020, SRG Global secured a long-term circa-A$100 million contract with Worsley Alumina to provide specialist refractory services, including gunning and casting and installation of refractory products and anchors.

At Worsley Alumina, South32 mines bauxite (pictured) and transports it on an overland conveyor belt to a refinery where the bauxite is turned into white alumina powder. The alumina is then exported to smelters around the world.

He added: “The contract extension at the globally significant Mardie salt and potash project demonstrates our ability to provide value-engineered services to our clients from project inception, and the capability to deliver critical infrastructure for the burgeoning salt and potash sector.”

SRG captures Rio and Roy Hill contracts in latest tenders

Base metals, Mining maintenance, Mining services, Steel and iron ore, , , ,

SRG Global Ltd says it has secured seven term contracts valued at around A$110 million ($81 million), including agreements with Rio Tinto and Roy Hill.

Included within this is a three-year contract, with the option for a one-year extension with Roy Hill to provide shutdown maintenance services at its iron ore operations in the Pilbara of Western Australia, commencing immediately.

It has also been granted two separate 18-month contracts with Rio; one to carry out shutdown scaffolding services at its QAL alumina refinery, and one to provide access and refractory services at its Yarwun alumina refinery. Both projects have commenced are located in Queensland.

On top of this, the company received a three-year contract at a major nickel and cobalt operation in the Goldfields of Western Australia, where it will provide ad-hoc maintenance support, commencing immediately.

Fortescue employs SRG Global for maintenance and shutdown services

Mine operation news, Mining maintenance, Mining services, Steel and iron ore, , , , , , , , , , ,

SRG Global has been awarded a five-year term contract from Fortescue Metals Group to initially provide rope access and electrical maintenance requirements across the company’s mine, rail and port locations throughout Western Australia.

The A$150 million ($117 million) term contract, which has already commenced, is a Master Agreement for Maintenance and Shutdown Services, the company said.

Locations for SRG’s work include the Christmas Creek (pictured), Cloudbreak, Firetail, Kings Valley and Eliwana mine sites, along with its supporting rail and port infrastructure.

SRG Global Managing Director, David Macgeorge, said: “We are delighted to be selected as a key partner to FMG and to provide critical maintenance and shutdown services across their Pilbara operations for the next five years. This is another significant step forward in our strategy to build a portfolio of annuity earnings, with quality clients, to deliver long-term sustainable growth.”

SRG Global to help Red 5 blast off at Great Western gold mine

Explosives and blasting, Mineral project development, Mining services, Precious metals, , , , , , , ,

SRG Global has been awarded a term contract with Pit N Portal Mining Services to provide specialist production drill and blast services and explosives supply at Red 5 Ltd’s Great Western gold mine in Western Australia.

The term contract is expected to start immediately for an initial 12-month term.

Pit N Portal, a division of Emeco, was awarded the contract mining gig at Great Western back in October.

A satellite deposit located around 55 km from Red 5’s Darlot gold mine and processing facility, Great Western comes with a measured, indicated and inferred resource of 870,000 t grading 2.5 g/t Au for 70,300 oz of contained gold. The maiden proven and probable reserve totalled 437,500 t at 2.5g/t Au for 35,424 oz of contained gold.

Based on a proposed mining rate of between 30,000-40,000 t/mth of ore, the open pit is expected to be completed over a period of around 13 months, with plans to then access the underground orebody via a portal at the base of the pit, Red 5 said at the time.

In addition to the work on Great Western, SRG Global was also awarded a new three-year contract (with option for a further two years) with GFG Liberty OneSteel to provide engineered access solutions at the Liberty Steelworks site in Whyalla, South Australia.

David Macgeorge, Managing Director of SRG Global, said: “We are very pleased to have secured these two term contracts, adding to our recurring annuity earnings.

“The Pit N Portal contract was specifically targeted as it builds upon our mining services portfolio of high-quality growth commodities whilst diversifying SRG Global’s customer base.”

SRG Global bolsters South32 relationship with more Worsley Alumina work

Base metals, Mineral processing, Mining services, , , , , , ,

SRG Global says it has secured a long-term circa-A$100 million ($72 million) contract with South32’s Worsley Alumina operations to provide specialist refractory services, including gunning and casting and installation of refractory products and anchors.

Works under the contract will commence in October 2020 with a duration of eight years.

South32 has also extended SRG Global’s existing engineered access services contract for a further two years, pocketing the ASX-listed engineering firm another circa-A$25 million. This will see SRG Global continue to provide access services at South32’s Worsley Alumina operations until mid-2027, it said.

David Macgeorge, Managing Director of SRG Global, said: “These contracts are a terrific achievement for SRG Global and we are excited to be expanding our partnership with South32 to continue to deliver long-term value for their Worsley operations.”

As part of the Worsley Alumina operations, bauxite is mined near the town of Boddington, 130 km southeast of Perth, Western Australia. It is then transported on the largest overland conveyor belt in the southern hemisphere, for more than 50 km, to a refinery near the town of Collie, where bauxite is turned into alumina.