Civmec - UOB Kay Hian 2023-01-12: Major Contract Win From Rio Tinto

• Civmec (SGX:P9D) has secured a major contract worth over A$330m for the Rio Tinto Western Range Project in Western Australia. The iron ore project will commence off-site works immediately, while mobilisation to site will start in mid-23 and is expected to complete in 1HFY25. The latest orderbook has increased 23% to A$1.15b, from A$935m as of 1QFY23.
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Civmec announced contract win of more than A$330m from Rio Tinto.

• On 9 Jan 23, Civmec announced that it has won a major contract worth more than A$330m for the Rio Tinto Western Range Project at its Paraburdoo site in the Pilbara region of Western Australia.
• - Read this at SGinvestors.io -

Wide ranging greenfield and brownfield scopes.

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Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-02-17 Civmec - Soft Outlook In The Near Term But Positive In The Medium Term.

Previous report by UOB:
2024-10-22 Civmec - Multiple Tailwinds From A Potential Improvement In Demand & Currency.

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Listing of research reports at Civmec Analyst Reports.

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