WestStar Industrial Ltd

WestStar Industrial engineering business SIMPEC wins Fortescue mine camp contract

This ensures SIMPEC has a presence across each of the iron ore development projects in WA and brings the company to about $43 million of contracts awarded during FY2019.

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SIMPEC has submitted further tenders for more than $150 million of work yet to be awarded

Weststar Industrial Ltd’s (ASX:WSI) engineering contractor business SIMPEC has been awarded a key contract by ATCO Structures and Logistics in the construction of an 800-room camp at Fortescue’s Eliwana Iron Ore Mine in the Pilbara region of WA.

The $10 million contract begins in mid-2019 and represents SIMPEC's largest single contract award to date with the camp to be used in the major development project at Fortescue’s new Eliwana mine.

READ: Weststar Industrial wins precast concrete supply contracts totalling $2.7 million

SIMPEC managing director Mark Dimasi said: “To see the fruits of the concerted effort during the Fortescue Eliwana tender phase is very rewarding for the team.

“This Tier 1 project award is a significant achievement for SIMPEC, allowing the company to construct alongside some of Australia’s biggest construction companies.

“This is another commendable accomplishment with ATCO.”

SIMPEC’s scope of work is to design, supply, test and commission the electrical, communications and dry fire systems of the mine camp and will be delivered over a 9-month duration.

The award builds on a portfolio of camp work packages successfully undertaken by SIMPEC, specifically camp work completed at Iluka Resources Limited’s (ASX:ILU) Cataby Iron Sands Project and the work underway for Rio Tinto Limited’s (ASX:RIO) Angelas project.

Quick facts: WestStar Industrial Ltd

Price: $0.03

Market: ASX
Market Cap: $17.24 m

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