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SRG GLOBAL LIMITED — Capital/Financing Update 2021
Feb 15, 2021
65852_rns_2021-02-15_fd556628-0301-4d09-a7f7-a109c1088844.pdf
Capital/Financing Update
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16 February 2021
SRG Global Awarded $150m Term Contract to Provide Multi-Disciplinary Services to Fortescue Metals Group
Highlights:
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SRG Global awarded a $150m, five-year term contract
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Master Agreement for Maintenance and Shutdown Services
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Servicing Fortescue’s mine, rail and port locations throughout Western Australia
SRG Global Ltd (‘SRG Global’ or ‘the Company’) (ASX: SRG) is pleased to announce it has been awarded a five-year term contract with Fortescue Metals Group (ASX: FMG).
The $150m term contract is a Master Agreement for Maintenance and Shutdown Services, initially to provide rope access and electrical maintenance requirements across FMG mine, rail and port locations throughout Western Australia.
Locations include Christmas Creek, Cloudbreak, Firetail, Kings Valley and Eliwana mine sites, along with its supporting rail and port infrastructure. The contract will commence immediately for a period of five years.
SRG Global Managing Director, David Macgeorge, commented: “We are delighted to be selected as a key partner to FMG and to provide critical maintenance and shutdown services across their Pilbara operations for the next five years. This is another significant step forward in our strategy to build a portfolio of annuity earnings, with quality clients, to deliver long-term sustainable growth.”
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Media Contact Investor Contact Citadel-MAGNUS SRG Global John Gardner Judson Lorkin +61 413 355 997 +61 8 9267 5400
About SRG Global
SRG Global is an engineering-led global specialist asset services, mining services and construction group operating across the entire asset lifecycle of engineer, construct and sustain. The Company operates three segments of Asset Services, Mining Services and Construction. For more information about the variety of services offered by SRG Global, click here.
This announcement was authorised for release to ASX by the Managing Director.