Forge Group's wholly owned subsidiary Cimeco has been awarded $70 million contract by Rio Tinto for the design and construction of fuel infrastructure Rio's West Angelas and Brockman iron ore mines in the Pilbara region.
Forge managing director and chief executive David Simpson said the 12-month contract was valued at over $70 million, and adds to the list of major projects Rio Tinto has awarded recently to Forge subsidiaries.
"This fuel infrastructure project encompasses engineering, procurement and construction services, and will utilise the full suite of disciplines within the Cimeco business, including civil and concrete, structural, mechanical and piping, as well as electrical and instrumentation work," Mr Simpson said.
The notice of award is subject to the parties entering into an executed contract.
Cimeco specialises in providing a full range of multidiscipline construction services including: civil and concrete; structural, mechanical, piping and tanks; electrical and instrumentation; building; and maintenance services.
Forge's cornerstone shareholder is Clough Ltd.
Shares in Forge were down 5 cents, 1.1 per cent, to $4.32 at 11.10am.