General News

Civmec Awarded EPC Contract

10 April 2017 in General News, Investor Relations Posted by

Civmec as part of the Amec Foster Wheeler Civmec JV (ACJV), has been issued a Notice to Proceed by the Gruyere Project Joint Venture (a 50:50 unincorporated joint venture between Gold Roads Resources Limited and Gruyere Mining Company Pty Ltd, a wholly owned subsidiary of Gold Field Limited) for an Engineering, Procurement and Construction (EPC) contract for the Gruyere Gold Project, located within the Yamarna greenstone belt, approximately 200 kilometres east of Laverton in Western Australia.

The scope of work includes the detailed design, procurement and installation of the process plant, administration office, workshop and warehouse, as well as the main water pipelines and powerlines to the borefield.

Engineering has commenced and onsite work is scheduled to start in July 2017. More than 300 personnel will be employed on the project at its peak, with practical completion scheduled for December 2018.

To read the full press release please click here.


Civmec targets acquisition of defence business on east coast of Australia

17 November 2015 in Investor Relations Posted by

Photography by Petty Officer Photographer Damian Pawlenko Caption: HMAS Collins (foreground) rendezuous with HMAS Waller (centre) and HMAS Rankin. Collins Class Submarines, HMAS Rankin, HMAS Waller and HMAS Collins transitting in formation through Gage Roads, Cockburn Sound. Deep Caption: Pacific Reach is a triennial Asia-Pacific submarine rescue exercise designed to promote regional cooperation on submarine rescue. The exercise this year is the fourth in the series and is being hosted by Australia between 26 November and 7 December 2007. Pacific Reach 07 is a significant exercise involving six ships, three submarines, two submarine rescue systems, a multi-national dive team and the UK SPAG† all up 1000 personnel from 15 nations will be directly involved in the exercise. Pacific Reach is an extraordinarily valuable opportunity to work with our regional neighbours and it is our pleasure to host this years activities, said Commander Australian Naval Submarine Group, Commodore Rick Shalders. Pacific Reach is a truly international exercise, with units and equipment from the following countries participating: Canada, China, Republic of Korea, Japan, Malaysia, Singapore, the United States and the United Kingdom. In addition, military observers from Chile, India, Indonesia, NATO, Pakistan, Peru, Russia and South Africa will also attend.

In line with Civmec’s strategic growth plans, the Company has agreed to enter into a due diligence phase for the acquisition of certain assets and the Forgacs name.

Forgacs is Australia’s largest privately-owned engineering and shipbuilding company, engaged in major project engineering, construction and maintenance for both defence and commercial markets.

The proposed acquisition includes a purpose-built shipbuilding site. Forgacs Shipyard – Tomago is located 14 kilometres from the Port of Newcastle, NSW on the Hunter River. The 17 hectare site has 535 metres of river frontage with two ship basins. The acquisition also includes plant and equipment currently located at the Forgacs Hexham heavy engineering workshop and at the Forgacs Gladstone heavy engineering workshop.

Forgacs’ ‘Products’ business, Forgacs-Broens Pty Limited, does not form part of the sale and will continue to operate from its Ingleburn, NSW and Elizabeth, SA facilities.

Civmec believes that the considerable opportunities in the infrastructure sectors on the east coast as well as the long-term outlook within the defence, oil & gas and metals & minerals sectors justifies the investment.

Civmec CEO Pat Tallon said, “This is a very exciting opportunity for our company to extend our multi-disciplinary operations to the east coast of Australia and to gain a long established foothold in the defence shipbuilding industry. It will also give us the opportunity to acquire in-house submarine building and technical expertise. We will be well positioned to capitalise on the significant infrastructure expenditure planned for the east coast and our increased capacity will allow Civmec to deepen our relationship with existing blue chip clients nationally, as well as bringing on board new regional clients.”

Peter Burgess, Chairman of the Forgacs Group commented, “Forgacs has more than 50 years’ experience in the heavy engineering and projects business and entered the naval ship repair business in 1990. It has grown its naval involvement progressively, undertaking major naval programs including the conversion of HMAS Manoora and HMAS Kanimbla into Amphibious Helicopter support ships; hull modules for the ANZAC frigates and most recently the AWD program. The Tomago shipyard has built some of Australia’s iconic ships such as ice breaker ‘Aurora Australis’, HMAS Tobruk and hull sections of Collins Class submarines. Our shipyard is ideally positioned for Civmec’s future plans.”

Subject to satisfactory due diligence, necessary stakeholder approval and the finalisation of the sale and purchase agreement, the Company expects to complete the transaction in December 2015.

17 November 2015 in Investor Relations Posted by