- Speciality Metals Internationals (SEI) has received a $4 million order from Bama Civil to supply quarry materials
- The order was received through Speciality’s subsidiary, Mt Carbine Quarrying Operations
- These materials will support Bama’s major road construction project on the Queensland Government Peninsula Development Road
- The project has been backed by a $190 million investment from the Federal Government and is set to improve access to and from Cape York
- Speciality Metals is pleased its order intake has started to pick up since COVID-19 travel restrictions have eased
- The company closed 7.14 per cent in the green with shares going for three cents each
Speciality Metals International (SEI) has, through its subsidiary Mt Carbine Quarrying Operations, received a $4 million order from Bama Civil.
The company will supply various quarry materials to support Bama’s major road construction project on the Queensland Government Peninsula Development Road.
Earlier this year, the Federal Government said it will invest $190 million into the project which has fallen under the $3.5 billion Roads of Strategic Importance initiative.
Not only has the project provided immense employment and training opportunities, but it will also improve access to Cape York for freight, tourists and other road users.
Speciality Metals is a Perth-based distributor of corrosion-resistant and high-temperature alloys.
As COVID-19 restrictions have eased in the past few weeks, the company’s order intake has improved which has therefore allowed various construction projects to recommence.
Installation and testing of the X-ray sorter has been completed which will allow for efficient recovery of tungsten units from the quarry feedstock.
“As we move forward with the further ramp-up of the tailings re-treatment operation and the reassessment of the open pit and underground resource, efforts to modernise the quarry and expand marketing efforts on the various products produced will be key to increasing profitability,” CEO Kevin MacNeill said.
The company closed 7.14 per cent in the green with shares going for 3 cents each.