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IN THE NEWS: Paladio gains $30m in orders

BELMONT-BASED industrial services provider Paladio Ltd’s subsidiaries, Decmil Australia Pty Ltd and Eastman Fort, received $8 million in orders last week, bringing the company’s order tally to more than $30 million for the month. Decmil Australia Pty Ltd won a $6 million contract for the construction of non-processing facilities for an unnamed Australian mining expansion project. Eastman Fort, Paladio’s engineering drafting and shop detailing subsidiary, was awarded $2 million in new orders for works associated with BHB Billiton’s latest iron ore expansion project. “This brings the total value of new orders won so far in January 2008 to over $30 million, with further opportunities in the pipeline to grow Paladio’s order book in the near future,” Paladio managing director Dick Wright said. Other recent significant contracts for the Paladio group include an $8 million order won by McFee Pty Ltd for various installations in a new mineral processing plant. Its Novacoat industrial coating subsidiary won a $2 million order for a package to treat fabricated structural steel for the Boddington gold project. In addition, Decmil has received a letter of intent for an $11 million contract to build a portion of the construction camp for Woodside Energy’s Pluto gas project on the Burrup Peninsula. Mr Wright said the new contracts should provide the means for more opportunities in the future. “All of Paladio’s subsidiaries are experiencing buoyant tendering activities which have carried over from the last quarter of calendar 2007,” Mr Wright said. “We are therefore anticipating to win further orders in the near future and growing our order book.” The new contracts follow a decision late last year by executive director Robert Franco to step down from his executive role with the group to focus on family business interests. Paladio said Mr Franco, who was a founding director of the group in October 2004, would continue his involvement on the board of directors in a non-executive capacity

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