Australia-headquartered Civmec Limited has been awarded multiple projects with a combined value of A$175 million ($171.3 million) on Oct 12.
The awards comprise contracts with BHP Mitsubishi Alliance (BHA), Woodside Energy and the Iron Bridge Magnetite project, a joint venture between Fortescue Metals Group subsidiary FMG Iron Bridge and Formosa Steel IB.
The revenue from these contracts will be realised across the company’s metals and minerals, and the oil and gas sectors, and will “contribute to a solid base load of activity for the company’s manufacturing facilities”.
See also: Civmec 4Q20 earnings surge to A$5.5 mil on improved gross profits and reduced finance expenses
In addition to the contracts above, Civmec says it has recently secured new and increased scope packages across its metals and minerals, and the oil and gas sectors, including the replenishment of orders for the fabrication of tray bodies for dump trucks from the Newcastle manufacturing facility.
Shares in Civmec closed flat at 37 cents on Oct 12.
