OTOC wins Roy Hill contract

OTOC Australia has been awarded a $3 million contract with NRW for the mine process plant in-ground services at the Roy Hill iron ore project in the Pilbara. 

Under the contract, the OTOC Limited subsidiary will provide civil works to NRW, a sub-contractor to Samsung C&T, which undertakes construction and earthworks at Roy Hill.

“This provides OTOC with exposure to the development of this very large and globally significant iron ore project,” OTOC chief executive officer Simon Thomas said.

“We believe the quality of our work and the on-the-ground presence at Roy Hill will result in significant opportunities to increase our services to NRW and expand the range of services we can deliver to assist in the development of Roy Hill.” 

OTOC has traditionally focused on the mining sector, delivering mine site camps for Rio Tinto, BHP Billiton and Fortescue Metals Group among others.

It has diversified its business over the past year, winning $28.7 million and $16 million construction contracts at the federal government‘s migrant processing centre on the Pacific island of Nauru. 

Executive director and founder Adam Lamond was a 2011 Business News 40under40 winner.

OTOC’s share price fell by 4.5 per cent to 10.5 cents at 9:45am WST.