16/02/2021 - 12:00

SRG, Whittens win mining contracts

16/02/2021 - 12:00

Bookmark

Save articles for future reference.

SRG Global has secured a $150 million contract with Fortescue Metals Group while family-owned business Whittens will undertake $30 million worth of works on the Pilbara miner's Iron Bridge project.

SRG, Whittens win mining contracts
Fortescue's high-grade Iron Bridge project is expected to begin production in the first half of calendar 2022. Photo: FMG

SRG Global has secured a $150 million contract with Fortescue Metals Group while family-owned business Whittens will undertake $30 million worth of works on the Pilbara miner's Iron Bridge project.

SRG’s five-year contract is a master agreement for maintenance and shutdown services, initially to provide rope access and electrical maintenance requirements across Fortescue’s mine, rail, and port locations.

That includes the Christmas Creek, Cloudbreak, Firetail, Kings Valley, and Eliwana iron ore sites and associated rail and port infrastructure, with works under the contract to begin immediately.

SRG managing director David Macgeorge said the business was delighted to be selected as a key partner of Fortescue.

“This is another significant step forward in our strategy to build a portfolio of annuity earnings, with quality clients, to deliver long-term sustainable growth,” he said.

The contract follows $45 million in engineering and mining work awarded to SRG earlier this month, including from Maddington-based Pit N Portal for work on goldminer Red 5’s Great Western Deposit.

SRG is also building a $15.5 million concrete water tank in Karratha under a contract with state government-owned Water Corporation.

Shares in SRG were trading 6.5 per cent higher at 1:50pm AEDT to 49 cents.

Meanwhile, Osborne Park-based contractor Whittens has been contracted to deliver a concrete handling facility and associated infrastructure – including bulk earthworks, drainage structures, roadworks, detailed earthworks, and concrete installation – to Fortescue’s $US2.6 billion Iron Bridge project.

Iron Bridge is a joint venture between Fortescue subsidiary FMG Magnetite and Taiwan’s Formosa Steel, expected to deliver 22 million tonnes of high-grade iron magnetite from the first half of calendar 2022.

Whittens chief executive Louise Whittens said the business was “extremely proud to have been selected to deliver such an important project for Iron Bridge and looked forward to working with the Iron Bridge team”.

The business, established in 2001 by brothers Tyron Whitten and Clayton Whitten, has been involved in other major resources projects including Rio Tinto and Roy Hill’s iron ore mines in Western Australia.

Those works are valued at about $20 million and $14.4 million, respectively.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options