Tempo Australia has been awarded a $13.4 million contract for engineering and construction work at Rio Tinto’s Cape Lambert port expansion in the Pilbara.
Under the contract, Tempo will provide structural, mechanical and piping works, as well as commissioning support, with work to start immediately.
“It is a great achievement to have secured our first major contract directly with Rio Tinto and cements the board’s confidence in the company’s ability to continue to grow organically,” Tempo executive chairman Charlie Bontempo said.
Tempo said the contract would be funded through its existing cash reserves.
“We are pleased to be have been given the opportunity to execute the miscellaneous structural, mechanical, piping and commissioning support works at Cape Lambert and look forward to continuing to build our reputation of having a skilled productive workforce that delivers on time, within budget and safely,” Tempo general manager Daniel Hibbs said.
Meanwhile, Tempo was recently awarded a $4.5 million contract for the refurbishment of bulk fuel tanks in the Pilbara, including associated structural and mechanical piping works for an unnamed client.
Tempo shares fell by 11.1 per cent to 8 cents per share at 11:30am, following a four-day trading halt.