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Civmec secures notice of award and other contracts worth A$140 mil

Felicia Tan
Felicia Tan • 2 min read
Civmec secures notice of award and other contracts worth A$140 mil
Shares in Civmec closed flat at 39 cents on Dec 14.
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Civmec Limited has been issued a notice of award as well as multiple other contracts for a combined value of A$140 million ($140.9 million).

The notice of award is for a major onsite project, which will be delivered through the minerals and metals division, while the other contracts are for heavy engineering manufacturing projects, which will be delivered from Civmec’s expanded fabrication facilities.

The awards include a contract for onsite structural, mechanical, piping and electrical works for the Iron Bridge Magnetite Project, a joint venture between Fortescue Metals Group’s subsidiary FMG Magnetite Pty Ltd and Formosa Steel IB Pty Ltd (IBJV).

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