BGC secures mining contracts from Incitec Pivot and Resolute

26 July 2016 (Last Updated July 26th, 2016 18:30)

Australian firm BGC Contracting has secured contracts worth A$114m ($85.5m) from Incitec Pivot and Resolute Mining in Queensland.

Australian firm BGC Contracting has secured contracts worth A$114m ($85.5m) from Incitec Pivot and Resolute Mining in Queensland.

Under the A$97m ($72.8m) contract, BGC will provide mining services to feed the onsite ammonium phosphate fertiliser manufacturing plant at Incitec Pivot’s Phosphate Hill site 150km south of Mt Isa. 

The five-year contract is set to start in October this year.

BGC Contracting CEO Greg Heylen said: “In addition to a strong balance sheet to provide the required mining fleet, I believe our proven industry benchmark safety culture, performance and commitment to innovation proved to be an attractive formula for our client.

“We plan to introduce a number of innovations to the Phosphate Hill mining operations, including satellite guided excavations and new mining methodologies.”

The A$17m ($12.7m) contract with Resolute Mining’s Carpentaria Gold will see BGC support restarting of open-pit mining at Nolans East.

"These are important strategic wins for BGC Contracting as they fit well with our broader growth and diversification strategies."

For the project in the Ravenswood district south of Townsville, BGC will provide mining services such as drilling, blasting, excavating, ore and waste haulage, engineering and general mine site management.

The contract is initially for a period of 15 months and will run from August until November 2017.

Later on, the next stage of the Ravenswood Extension project is expected to be approved.

Heylen added: “These are important strategic wins for BGC Contracting as they fit well with our broader growth and diversification strategies.”

BGC said that the two contracts awards were part of the company’s strategy to diversify into commodities beyond iron ore mining and venture into new geographical regions outside Western Australia and South Australia.


Image: BGC will provide drilling, blasting, excavating, ore and waste haulage, engineering and general mine site management services for Resolute Mining’s Carpentaria Gold. Photo: courtesy of BGC Contracting Pty Ltd.