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Brierty's contract for work at Newmont's Boddington mine has been terminated.

Brierty's Rio Tinto, Newmont contracts torn up

Two of the largest contracts held by fallen Perth company Brierty have been terminated, as uncertainty hangs over the company’s future after last week's appointment of administrators.

Brierty announced today that it’s $300 million mining contract at Rio Tinto’s Western Turner Syncline project, which was signed in 2014, has been cancelled.

It expressed gratitude for Rio's support in arranging flights for Brierty personnel from site and making its employee assistance program available. 

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Brierty (BYL)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
374thSwick Mining Services8%-1%
522ndBrierty-16%-18%
654thVeris-39%17%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

31/10/14
$0 Other
31/10/14
$0 Bought
31/10/14
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

39th↑Swick Mining Services$130.0m
40th↓Brierty$128.2m
42nd↑Veris$107.9m
43rd↓Diploma Group$90.5m
233 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Brierty

337thRay Bushnell$412k
249thDalton Gooding$142k
1096thRichard O'Shannassy$90k
Ranked by total remuneration from all listed WA companies

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