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LEADING THE PRECIOUS METAL REFINING INDUSTRY
DEALS OF GOLD WITH INNOVATION & TECHNOLOGY

NRW pouNces oN pRimeRo design will enable our fully-trained service technicians,
aftermarket support and technology specialists the ability to
NRW Holdings Ltd has unveiled a conditional off-market
work more efficiently.”
takeover of fellow contractor Primero Group Ltd, valued at
$100 million.
The Primero board has unanimously recommended the offer dRa deliveRs JuNdee upgRade ahead
which values the company at 55c/share, a 14.6% premium of schedule
to the company’s closing price on November 23, a 30.1%
DRA Global has completed an EPCM contract at Northern Star
premium to the 30-day trading VWAP and a 50.5% premium
Resources Ltd’s Jundee gold operations ahead of schedule
to the 60-day trading VWAP.
and under budget.
Primero’s experienced management team, led by managing
A ball mill upgrade undertaken by DRA has increased the
director Cameron Henry, will remain with the business under
processing plant capacity at Jundee to a nominal design
NRW ownership. It is proposed Primero’s EPC capability
throughput rate of 2.7 mtpa.
will be renamed as the “minerals, energy and technologies”
business pillar. The EPCM scope of services included the provision of
engineering design, procurement, project management,
NRW intends to fund the cash component of the acquisition via
construction management and commissioning services for
a $50 million facility from Bankwest. It will also make available
the supply and installation of a new 4.5MW ball mill circuit.
to Primero an interim funding facility for up to $10 million to
Ancillaries were also retrofitted into the existing milling circuit,
fund working capital requirements during the offer period.
with the original 2.5MW ball mill and associated infrastructure
If the offer is successful, Primero shareholders will own about
subsequently decommissioned.
4.4% of the pro forma shares of NRW.
DRA delivered the project scope under budget and ore
saNdvik bReaks gRouNd oN
NeW WoRkshop
Sandvik Mining and Rock Technology has signed a long-term
lease for a new purpose-built workshop in the Perth suburb of
Kenwick.
The future state-of-the-art workshop – on a 16,000sq m site at
Roe Highway Logistics Park – will include a modern office and
meeting facilities, as well as testing and training equipment.
Construction is under way with the workshop scheduled for
completion in 2021.
“The strategic location of our new workshop, with its central
position, freight rail and RAV7 truck access will enable
us to further support our West Australian customers and
the purpose-build design will improve equipment repairs,
inspections and our rebuild capability for our equipment
offering,” Sandvik business line manager – service in APAC,
Nathan Cunningham, said.
DRA Global has installed and commissioned a new 4.5MW ball mill
“The improved layout, increased size, additional bays and
circuit at Northern Star’s Jundee operations

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