Join our daily newsletter At The Bell to receive exclusive market insights
- WestStar Industrial’s (WSI) engineering contractor business, SIMPEC, has been awarded a $15 million contract from Pilbara Minerals (PLS)
- Pilbara’s subsidiary, Pilgangoora, operates the Pilgangoora Lithium Tantalum Project near Port Headland, WA
- Under the contract, SIMPEC will be conducting stage one improvement works for the Pilganagoora project
- The contract will start straight away and is expected to be completed in the third quarter of 2021
- On the market today, WestStar is up 17.7 per cent and is trading at 2 cents per share
WestStar Industrial’s (WSI) engineering contractor business, SIMPEC, has been awarded a $15 million contract from Pilbara Minerals (PLS).
Pilbara Minerals’ subsidiary, Pilgangoora, operates the Pilgangoora Lithium Tantalum Project near Port Headland, WA. The Pilgagoora is a joint venture project with IronMerge, an Aboriginal-owned mining and civil works service company.
SIMPEC has been contracted to help IronMerge with the stage one improvement works for the Pilganagoora project, which includes earthworks, civil, fabrication, structural, mechanical, piping, tanks, electrical and instrumentation works.
The contract will start straight away and is expected to be completed in the third quarter of 2021.
Notably, this is SIMPEC’s first contract with Pilbara Minerals.
“This newly awarded contract is a tribute to not only our SIMPEC delivery team but also Ian Taylor and his IronMerge team,” SIMPEC Managing DIrector Mark Dimasi said.
“This is a very proud moment for all of us and I sincerely look forward to seeing this joint venture relationship growing and developing in the construction and mining sector. A big thank you to the Pilbara Minerals team for backing us throughout this tender phase,” he added.
WestStar says its subsidiaries Alltype Engineering and SIMPEC are well-positioned for the 2021 financial year, having secured over $51 million in new contracts.
On the market today, WestStar is up 17.7 per cent and is trading at 2 cents per share at 12:45 pm AEDT.
