GR books US$210m West Musgrave order

ASX-listed GR Engineering Services has added A$312 million (US$210 million) of design and construction work at the A$1.7 billion (US$1.1b) West Musgrave nickel-copper project in Western Australia to its contract order book.

West Musgrave owner OZ Minerals has accepted a A$9.6b takeover bid for the company by BHP.

GR said it had been engaged by OZ Minerals Musgrave Operations to provide engineering design, drafting, project management and commissioning, and structural, mechanical, piping, electrical and instrumentation construction works. Wholly-owned Mipac will deliver specialised electrical and instrumentation services.

GR said the estimated $312m of revenue would be realised over two years.

“This is an important project for GR Engineering as we have worked with OZ Minerals over many years on projects within the OZ Minerals group, including the West Musgrave project, and see this award as a strong endorsement of our proven delivery capabilities,” managing director Tony Patrizi said.

GR’s share price is down more than 8% year-to-date, capitalising the company at circa-A$300 million.


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