News Articles for Emeco Holdings

The mining arm of Cimic Group has won a $137 million operations contract at the Encuentro Oxides open pit copper mine in Chile, in partnership with local mining equipment supplier Emeco Holdings.

Plans by Emeco Holdings to diversify and accelerate its growth through M&A deals have come to naught, after the mining equipment supplier announced today its agreed takeover of Perth company RentCo and its merger discussions with Queensland competitor Orionstone had both been terminated.

Emeco Holdings has entered merger discussions with Queensland-based Orionstone, three weeks after the rival mining equipment supplier proposed a nil-premium merger.

The takeover negotiations facing mining equipment supplier Emeco Holdings got more complex today after it received a merger proposal from Queensland-based competitor Orionstone, which has also pushed for Emeco to scrap its planned purchase of truck rental company Rentco.

The March quarter was a quiet period for M&A transactions in WA, although the deals that were announced attracted their fair share of controversy. Click through to see details on 78 WA deals worth $2.4 billion.

Emeco Holdings has postponed the $75 million purchase of truck rental business Rentco, as it seeks to address criticism of the deal from some of its biggest shareholders.

Emeco Holdings has diversified its business outside the mining sector by purchasing truck and trailer rental company Rentco, which was founded in 1994 by Perth brothers Bob and John Shier, in a structured deal worth at least $52 million.

Perth-based mining equipment supplier Emeco Holdings has narrowed its net loss by 70.2 per cent to $54.6 million for the six months to December.

Mining equipment provider Emeco Holdings has appointed former Gindalbie Metals head of corporate and investor relations Michael Weir as vice-president of investor relations.

Belt tightening among Western Australia's mining equipment hire operations, miners and mining contractors is pushing record volumes of yellow equipment into auction yards.

Emeco Holdings has reported a net loss of $21.6 million, down from a $28.5 million profit last year, following a series of downgrades and write-downs on the back of a slowdown in the mining sector.

Perth-based mining equipment supplier Emeco Holdings has secured an agreement with Chilean mining contractor Fe Grande, which is expected to generate between $27 million and $32 million in revenue per year.

Emeco Holdings says it will cop a $41 million writedown as it closes its Indonesian operations, as well as a further $13.5 million tax hit, the latest in a series of downgrades for the Perth-based

QUBE Property Group managing director Mark Hector and Emeco Holdings chief executive Ken Lewsey are among five business leaders appointed to the board of Lifeline WA, as the not-for-profit crisis support service looks to strengthen its corporate ties.

Ian Testrow has been appointed chief operating officer, Australian rental at Perth-listed earthmoving equipment supplier Emeco Holdings.

The Aboriginal educator is chasing significant growth buoyed by a boost in federal government funding.

Earthmoving and mining equipment supplier Emeco Holdings is looking to shore up its balance sheet in the wake of a $180 million half-year loss, announcing a plan to raise up to $US360 million throu

Mining equipment supplier Emeco Holdings has posted a $180 million half-year loss, writing off $158 million in goodwill amid softness in the mining sector.

Mining services company Boart Longyear has taken the unusual step of awarding its recently appointed chief executive Richard O'Brien a US$5 million cash grant.

The market capitalisation of Western Australia's top 100 listed companies has fallen on the back of lower commodity prices, marking an end to four months of consecutive gains.

Emeco Holdings expects improved trading conditions at its operations in Canada and Chile but still anticipates a net operating loss for the 2014 financial year as it struggles to combat ongoing softness in its main commodity sectors of thermal coal and gold.

Mining services group Emeco Holdings has recruited Aurizon executive Ken Lewsey as its new managing director, on a package that will make him one of the top 25 best-paid executives in Perth.

Business confidence is on the up in Western Australia in the wake of the federal election, according to new research.

Eight Western Australia-based resources sector firms have been removed from the list of Australia's top 300 companies, providing further evidence that the slowdown in mining activity is hurting WA

Business News for Western Australia. Tuesday July 30. Jessica Taylor reports. City councils to merge. Pan Asian snares WD Moore & Co. Keith Gordon resigns from Emeco Holdings and more.

Peter Johnston has resigned from his role as a non-executive director of Emeco Holdings, following his appointment as head of global nickel assets for Glencore International, following its merger w

Shares in mining equipment supplier Emeco Holdings have fallen sharply today to a four-and-a-half year low after the company downgraded its profit forecast for the second time in two months.

Mining services groups Ausdrill and Emeco have joined peer Calibre Group in announcing the general slowdown in mining and exploration activity in Australia will take a big chunk out of their expect

One of Western Australia's most prolific residential builders, Dale Alcock, is the latest high-profile CEO to help tackle the issue of homelessness by committing to the St Vincent de Paul Society's

Mining and earthmoving equipment supplier Emeco Holdings has become the latest resources sector participant to feel the squeeze, downgrading its profit guidance in the wake of reduced industry acti

Earthmoving equipment group Emeco says it is cashed up and on the lookout for “value creating opportunities” after refinancing its $450 million debt facility with a syndicate of banks.

The Western Australian CEO Sleepout has raised $700,000 and counting after a successful 2012 event which culminated in 106 CEOs staying at the WA Cricket Association ground last night.

Earthmoving contractor Emeco is pursuing legal action against an Indonesian mining contractor over $US1.95 million in debts.

Earthmoving equipment supplier Emeco has forecast full year profit growth of up to 41 per cent due to strong demand in Australia, Canada in Indonesia.

Emeco Holdings has invested $50 million to expand its mining equipment rental business into Chile, establishing a new avenue of growth and gaining exposure to a new market.

Executive remuneration is a hot political issue but the controversy does not seem to have slowed growth in pay packets at WA companies.

Earthmoving solutions provider Emeco Holdings has announced a $165 million investment in large mining equipment to take advantage of surging demand for equipment rentals, but has also flagged a drop in full year profits.

Earthmoving equipment supplier Emeco Holdings will book a $7.85 million pre-tax impairment charge on its Indonesian business, lowering earnings expectations for the company's first half.