When administrators from Deloitte walked into the West Perth offices of WBHO Infrastructure in February, they knew speed would be critical to rescuing the business.
Avid businesses may have been insolvent as early as November 2019, administrators believe, with underquoted tenders and a Decmil dispute contributing to the demise.
NRW Holdings' subsidiary, RCR Mining Technologies, has secured $18 million worth of works at Rio Tinto's Koodiaderi project, less than a week after NRW announced it won a $137 million contract at the $3.5 billion iron ore development.
Tempo Australia has appointed the former chief executive of failed engineering firm RCR Tomlinson as an adviser, as a potential cost overrun looms over its Victorian solar energy project.
RCR Tomlinson's secured creditors may only receive around $70.6 million of the $230 million they are owed, and its unsecured trade creditors are likely to receive none of the $170.6 million they are owed, as administrators McGrathNicol recommended the failed engineering firm be liquidated.
The sale of RCR Tomlinson's Western Australian operations is complete, with RCR Resources, RCR Power and RCR Water West sold to AvidSys Group for an undisclosed sum.
Unique Metal Works is set to double in size after striking a deal with the administrators of RCR Tomlinson to purchase its laser business, which employs about 200 people.
Victoria-based gas turbine engineering services company The Environmental Group will acquire the energy division of RCR Tomlinson, less than two months after the latter entered into voluntary administration.
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The administrators in charge of RCR Tomlinson have secured funding to support the engineering contractor's operations, and disclosed that more than 180 parties have expressed interest in the planned sale of its business.
RCR Tomlinson, which grew rapidly to be one of Australia's largest engineering contractors with annual revenue of $2 billion, 3,400 staff and multiple contracts in WA, has been placed into administration after failing to secure new funding.
RCR Tomlinson has been served with a shareholder class action, as the engineering contractor requested a one week extension to its suspension from the ASX while it seeks to clarify its earnings outlook and funding requirements.
Decmil Group has finalised a $277 million contract with Chinese group Maoneng to build a 255-megawatt solar farm in NSW, eight months after signing a memorandum of understanding for the project.
Vango Mining, which is focused on the exploration and development of the Plutonic Dome Gold Project located in the Midwest Region of Western Australia is pleased to announce an off-market takeover
RCR Tomlinson has revealed the details of a $57 million write-down at one of its solar projects, with the contractor today announcing a $16.1 million loss for the 2018 financial year and a $100 million capital raising to help cover the cost overruns.
The state government has today announced that two private investors will co-invest with Synergy in a joint venture that is planning to build up to 210 megawatts of renewable energy projects in the South West Interconnected System.
Engineering contractor RCR Tomlinson has reported a big boost in profits for the half-year, propelled by a near doubling in revenue as the company increases its stake in the renewable energy sector
Mineral Resources founder Chris Ellison has raised $36.9 million from the sale of some of his shares in the mining services group, adding to a string of big share sales by WA company directors who have cashed in on strong market rallies.
Engineering contractor RCR Tomlinson has secured a $33 million contract to design and construct a five-kilometre relocatable conveyor system for Fortescue Metals Group.
Chinese company Tianqi Lithium and its head contractor MSP Engineering are on track to achieve 80 per cent Western Australian content on two big construction projects worth more than $700 million.
RCR Tomlinson has won two contracts worth a combined $315 million for the construction and maintenance of two solar farms in Queensland for Edify Energy.
Pilbara Minerals has signed-off four major contracts for its Pilgangoora lithium project, with RCR Tomlinson, NRW Holdings, Action Industrial Catering and the Njamal traditional owners winning the lion's share of the work.
RCR Tomlinson has lost the latest round in a long-running legal action against a former executive who was dismissed in 2009, and will pay nearly $300,000 in retirement benefits after the company's appeal failed.
Local contractor Primero Group is set to win its third major contract on a mining project this year while RCR Tomlinson has geared up to supply Rio Tinto's new iron ore mine.
Pilbara Minerals has awarded a $148 million contract to RCR Tomlinson for the engineering, procurement and construction of processing facilities at its Pilgangoora lithium project south of Port Hedland.
RCR Tomlinson managing director Paul Dalgleish is no longer a substantial shareholder in the engineering group after selling $5.2 million worth of shares.
Pilbara Minerals has shortlisted three engineering consortia for construction of the processing infrastructure at its Pilgangoora lithium development, while also appointing Engenium to assist in delivery of the project.
Engineering group RCR Tomlinson has won a $120 million contract to build processing infrastructure at Rio Tinto's Silvergrass iron ore mine in the Pilbara.
SPECIAL REPORT: Growing infrastructure needs and a diminishing capacity to fund them is a major challenge for WA, according to key players who attended a recent Business News forum.
Engineering and infrastructure group RCR Tomlinson has won two major packages of work, including a $35 million contract on Rio Tinto's Cape Lambert power station.
