SRG wins $60m contract

SRG Global has secured a contract worth up to $60 million with South32 at its Worsley Alumina operations near Collie.

Under the contract, SRG Global will provide a complete suite of engineered access solutions at the Worsley operation including scaffold services and highly skilled rope access technicians.

Total estimated revenue for the works is $32 million over the initial three-year term, and around $60 million on the basis that the extension options are exercised for the full six-year term.

SRG Global said the contract required minimal capital outlay and would increase its workforce by around 100 full-time positions.

SRG Global managing director David Macgeorge said the opportunity to work with a world-renowned mining company like South32 at its long-established Worsley Alumina project in the South West of Western Australia was a great achievement for SRG Global.

“The effort our team put in during the competitive tendering process is admirable and I commend them on a fantastic result,” he said.

“This contract also represents a significant advancement in the group’s long-term strategy to deliver recurring term revenue within the asset services sector.”

Shares in the contractor were up 8.6 per cent to 38 cents each at 11.20am AEST.