Waste management services provider Tox Free Solutions Ltd
(ASX:TOX) has been selected as preferred vendor for the supply of industrial and waste management services to Rio Tinto Ltd
(ASX:RIO) iron ore operations in the Pilbara region of Western Australia.
Tox Free Solutions will provide industrial and waste management services to all of Rio’s Pilbara iron ore operations.
The company says the award of the contract is subject to signing which it hopes to complete within the next few weeks.
Tox says some of the proceeds of its recent capital raising will provide mobile equipment to service the Rio Tinto scope of works and fund additional processing capacity at its Karratha and Port Hedland facilities.
Tox Free Solutions says the outlook for the Pilbara region is very strong with investment in LNG projects alone estimated at over $100 billion over the next five years.
Tox Free Solutions profits have been gradually rising over the last few years.
