15/01/2014 - 10:50

Toxfree secures Rio, Titan contracts

15/01/2014 - 10:50

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Waste management company Tox Free Solutions has bolstered its order book, securing new contracts with Titan Energy and Rio Tinto's Dampier Salt business.

Toxfree secures Rio, Titan contracts
Toxfree Solutions managing director Steve Gostlow.

Waste management company Tox Free Solutions has bolstered its order book, securing new contracts with Titan Energy and Rio Tinto's Dampier Salt business.

Toxfree will provide Titan with waste collection and water services for drilling and camp activities at various locations in Queensland's Surat basin.

The contract is expected to generate revenue of about $17 million over two years against capital expenditure of $2 million over the same period.

Toxfree will also provide waste management and industrial services at Dampier Salt's Port Hedland and Dampier operations. 

The terms of the Dampier Salt contract have not been disclosed, with a Toxfree spokesperson citing a confidentiality agreement.

"Toxfree has well established businesses in both the Surat basin and Pilbara region," Toxfree managing director Steve Gostlow said.

"These contracts will enable us to further improve our productivity and efficiency for all of our clients in the region as the scale of our business continues to expand."

Toxfree shares were 4 cents higher at $3.33 at 10:47am WST. 

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