UPDATE 2.20pm: WA contractors Monadelphous and Kerman Contracting have today announced big contract wins on CITIC Pacific’s $10 billion Sino Iron project in the Pilbara.
Monadelphous said it had won a $160 million contract for structural, mechanical and piping installation and commissioning works within concentrator lines three to six.
The work, which will commence immediately, relates to the primary magnetic separation and ball mill facilities and the secondary magnetic separation facilities.
Monadelphous shares closed off 17 cents, or 1.06 per cent, at $15.93.
Meanwhile Kerman Contracting also announced today a $146 million contract at the Sino project.
Kerman will carry out structural, mechanical, piping, electrical and commissioning works at the mine.
The scope covers the AG mill, pebble crusher and stockpile tunnel areas for processing lines three to six.
Kerman project director Klaus Hartmann said the company would install 15,000 tonnes of structural steel, 800 pieces of mechanical equipment, 40km of pipe and 80km of cable.
The company is already delivering a $54 million project for Sino Iron which includes civil and concrete works for processing lines three to six.
Kerman has also completed the $13 million installation works of the AG mill ring motor for line two ahead of schedule.
Kerman is a privately-owned design and construction contractor based in Applecross that has been operating since 1981.
The Sino Iron magnetite project at Cape Preston 100km south west of Karratha is one of China's biggest investments in the Australian resources industry.