CIMIC Group's (AXS:CIM) UGL secures $180m in mining contracts

Company News

by Rachael Jones

CIMIC Group (AXS:CIM) company UGL has secured contracts worth around $180 million to provide maintenance, shutdown and project services for its clients in the mining sector.

These new contracts will be executed over a three-year period.

The contracts will provide multi-discipline services for Alcoa across the Wagerup and Pinjarra sites in Western Australia and maintenance across multiple sites and with multiple clients in the Bowen Basin in Queensland.

Shares in CIMIC Group (AXS:CIM) are trading 0.2 per cent lower at $34.28.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.