News Articles

Mining 20 Feb 2024

Altrad lifts revenue to $700m

Global contractor Altrad has opened up on the performance of its Australian business after two major acquisitions.

Deals 02 May 2023

Foreign buyers seize local opportunities

Three businesses formed in Perth have been given a new lease of life after being acquired by global players.

Podcasts 06 Jan 2023

Mark My Words 6 January 2023

Mark Pownall and Mark Beyer discuss Warrego Energy, Blackburne, South West vineyards, Chevron, population and housing trends, AusGroup and Clough.

Oil & Gas 23 Dec 2022

Altrad acquires AusGroup

UPDATED: France's Altrad Services has become one of the largest maintenance and construction contractors in WA after buying Perth-based AGC from its debt-laden parent AusGroup.

Infrastructure 06 Dec 2022

Perdaman caught in Clough fallout

Clough's collapse into voluntary administration could set back a planned $6.4 billion urea project in the Pilbara by months, Regional Development Minister Alannah MacTiernan has said.

Oil & Gas 29 Nov 2022

AusGroup moving on sale

AusGroup's Australian businesses will likely be sold after the contractor's Singaporean parent entered restructuring, but the company has promised no disruption to local operations.

Oil & Gas 23 Mar 2021

AusGroup secures 10-year Chevron contract

WA-based construction engineering company AusGroup has secured a 10-year maintenance contract with Chevron Australia.

Special Reports 16 Dec 2019

Woolies tops biggest employers

Business News's updated ranking of WA's largest employers highlights the increased use of casual and contract staff.

Manufacturing 13 Nov 2019

Civmec, AusGroup report patchy results

WA-based construction contractors Civmec and Ausgroup have both reported a dip in quarterly profits as they gear up for an increase in maintenance work and new projects.

Contracts 27 Sep 2019

AusGroup wins new contracts

AusGroup has been awarded two major contracts, one of which is valued at $6 million for further work on BHP's South Flank iron ore project.

Contracts 12 Sep 2019

AusGroup wins at Nickel West

AusGroup has been awarded a three year maintenance and shutdown support contract by BHP Nickel West covering its Mt Keith, Leinster, Kwinana and Kalgoorlie operations.

Contracts 17 Jun 2019

Contracts totalling $50m for two local firms

AusGroup and Southern Cross Electrical Engineering have each announced several contract wins, each worth a combined figure of around $25 million.

Mining 06 May 2019

Karara wins $25m legal fight

The Supreme Court has dismissed a $25 million claim brought by local contractor AGC Industries against the developer of the Karara iron ore project in the Mid West.

News 12 Feb 2019

AusGroup, CPB win LNG contracts

AusGroup's LNG contract with Chevron in Western Australia has been extended, while CPB Contractors has been awarded packages for Australia Pacific LNG in Queensland.

Special Reports 18 Jun 2018

Labour challenge looms as work ebbs and flows

SPECIAL REPORT: Contractors are buoyant despite the twin challenges of uncertainty around infrastructure spending and an employment market tipped to tighten.

Special Reports 30 Apr 2018

Battery boom has a way to run

Few projects are more meaningful for WA's economic direction than the Greenbushes lithium mine expansion and the new lithium refinery in Kwinana.

Deals 22 Jan 2018

Corporate finance deals Jan 15 to Jan 19 2018

Emerging Goldfields explorer NTM Gold Limited (ASX: NTM) (“NTM” or “the Company”) is pleased to announce it has raised $1.5 million in a heavily oversubscribed placement of new shares.

Government 11 Dec 2017

Contractors boost employee numbers as economy turns

SPECIAL REPORT: Data from the annual BNiQ Search Engine biggest employers list suggests an economic recovery is under way as mining and civil contractors boost their workforce numbers.

Energy 03 Apr 2017

Greater Enfield project a positive for contractors

Offshore oil & gas: Three international players are among those to have won work for Woodside Petroleum's Greater Enfield oil project since it was given the go ahead in the middle of last year.

Energy 18 May 2016

Ausgroup breaches debt covenants

Loss-making engineering services company Ausgroup has breached a key financial covenant after its total equity fell below $160 million.

Mining 15 Feb 2016

AusGroup MD resigns on big loss

Diversified contractor AusGroup has shocked the market with a $69.8 million quarterly loss, admitting it has been forced to write off long-standing contractual claims in order to boost its cash reserves.

Mining 15 Feb 2016

Battle on for mining contractors

Special Report: Falling commodity prices have led some mining contractors to circle the wagons, but others are cautiously targeting opportunities.

Mining 21 Jan 2016

AusGroup recruits former SCEE boss

Perth-based contractor AusGroup has recruited former Southern Cross Electrical Engineering boss Simon High as chief executive of its engineering services arm.

Deals 17 Dec 2015

AusGroup wins $100m in contracts

Singapore-listed contractor AusGroup has announced a number of contract wins and extensions worth a combined $100 million, including with Woodside Petroleum, which today flagged lower capex and increased production for the year.

Mining 03 Nov 2015

Ausgroup hit by higher costs

Singapore-listed contractor Ausgroup has reported a net profit of just $472,000 for the September quarter after incurring higher restructuring costs and delays to its new marine services business.

02 Sep 2015

AusGroup joins Civmec on growth path

Perth-based construction, fabrication and maintenance companies AusGroup and Civmec have proved resilient in the face of the resource sector slowdown, with AusGroup today joining its competitor in reporting solid growth over the past year.

Energy 12 May 2015

Mt Gibson finds new use for Koolan Island

Mount Gibson Iron has moved to establish a logistics base on Koolan Island, in partnership with Qube Holdings, to service the offshore oil and gas industry.

10 Feb 2015

AusGroup profit up to $4m

Perth-based contractor AusGroup has reported $3.9 million in first-half profit, rebounding from a $12.8 million loss it made a year ago.

Mining 05 Feb 2015

AusGroup wins Gorgon extensions

The Gorgon gas project, which is due to be completed this year, is continuing to deliver work opportunities for local contractor AusGroup.

Opinion 15 Jan 2015

CEO Survey Results - What our politicians should do

More than 60 CEOs from WA provided Business News with detailed views on the year past, the next 12 months, their vision for the state, and what they expect from political leaders.

Opinion 13 Jan 2015

CEO Survey Results - the year ahead

More than 60 CEOs from WA provided Business News with detailed views on the year past, the next 12 months, their vision for the state, and what they expect from political leaders.

Property 20 Nov 2014

Leased industrial assets in high demand: Realmark

The mining slowdown has resulted in a shortage of leased industrial property investment opportunities, according to Realmark Commercial.

Deals 13 Oct 2014

AusGroup JV wins $197m Ichthys contract

A joint venture between AusGroup and Japanese-based Meisei Industrial has won a $197 million subcontract for industrial work at Inpex's Ichthys liquefied natural gas project near Darwin.

Appointments 16 Jun 2014

Tull to AGC Industries

AusGroup subsidiary AGC Industries has appointed Steven Tull to the position of general manager – mining and industrial.

Mining 07 Apr 2014

Kentz wins $US570m Ichthys contract

Global engineering and construction group Kentz has been awarded a $US570 million contract for electrical and instrumentation works at the Inpex-operated Ichthys liquefied natural gas project.

04 Mar 2014

AusGroup awarded Ichthys contract

A subsidiary of construction and engineering firm AusGroup, MAS Australasia, has been awarded a $174 million scaffolding contract on the Ichthys liquefied natural gas project.

Mining 12 Feb 2014

Tax break puts AusGroup into black

Maintenance and construction contractor AusGroup has returned to the black in the December quarter, with a tax credit offsetting the adverse impact of falling revenue.

Appointments 10 Feb 2014

Birighitti joins AGC

AusGroup subsidiary AGC Industries has appointed Paul Birighitti as executive general manager for maintenance services.

Deals 06 Jan 2014

AusGroup placement buys breathing space

Shares in Singapore-listed construction and engineering firm AusGroup have risen after the company announced a $S15.2 million ($A13.4 million) capital raising overnight.

Mining 14 Oct 2013

Barlow resigns as AusGroup MD

AusGroup managing director Laurie Barlow has resigned after the construction firm flagged that it would deliver a first-quarter net loss.

News Articles for AusGroup

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