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SIGNED, SEALED AND DELIVERED

Primero tops up FY2021
order book

Primero Group Ltd is set to pocket an ex-
tra $20 million from its construction of the
Koodaideri airport for Rio Tinto Ltd.
Following the initial award of a non-pro-
cess infrastructure (NPI) contract late last
year, Primero has been engaged to com-
plete additional multi-discipline construc-
tion works in parallel.
The total value of the contract now stands
at circa $150 million and is due for comple-
tion next year.
Site construction work is under way with
Primero’s workforce on the project expect-
ed to peak at about 180 personnel.
“It is pleasing to be awarded further core
NPI work from such a great project part-
ner and Tier 1 client as Rio Tinto,” Primero Davenport has engaged Deloitte as a financial advisor as it ramps up its search for a strategic
managing director Cameron Henry said. partners for its German potash projects, including Ebeleben
With this recent NPI contract addi-
tion, Primero’s contracted order book for
FY2021 now stands at about $220 million. Davenport had previously appointed our respective abilities to deploy capi-
Cenkos Securities as its UK broker. tal alongside our combined global reach
Deloitte joins Davenport’s Hilco, Gordon Brothers to ensure the project is successful for all
stakeholders.”
partner search find a footing in RSA Fenton Healy added: “Hilco and Gordon
Gordon Brothers managing director
Potash developer Davenport Resources Brothers have had a good track record
Ltd has ramped up its search for strategic Asset valuation and disposal company working together in North America to bring
partners for its suite of potash projects in Hilco Global APAC and investment and large fleets to market, so it made sense to
Germany by appointing Deloitte Corporate restructuring firm Gordon Brothers have leverage our combined capital to navigat-
Finance Inc as its financial advisor. joined forces to disperse a fleet of late ing our way through a new geography.”
Deloitte will provide financial advisory model Caterpillar 100T-class mobile min- Hilco and Gordon Brothers were as-
services – including assessment, planning ing assets in South Africa. sisted in the acquisition by DLA Piper in
and strategy, marketing and negotiation, The partnership between the two US- Johannesburg.
due diligence and closing – over the next headquartered groups offers 25 low-hour
six months. Caterpillar mining machines for sale. The ENAMI plates up for
Davenport is looking to strike strategic fleet is primarily comprised of 2017-year
partnerships over at least four of its projects models in good condition that had been Productora
in South Harz, Germany. repossessed and includes D10T and D9T
“Securing project partners will allow us tracked dozers, a 992K wheeled loader, Hot Chili Ltd has formally executed
to advance toward feasibility studies to an 824K wheeled dozer and 777E rigid a two-year lease mining and process-
validate the results of the positive techni- haul dump trucks. ing agreement with Chilean government
cal studies we have already completed for “Partnering with Gordon Brothers in agency ENAMI for its Productora copper-
three of the projects,” Davenport interim Australia was ideal,” Hilco chief executive gold project.
chairman Reinout Koopmans said. Adam Scharer said. “The deal combines Under the terms of the agreement, circa

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Page 68 JULY 2020 aUSTRaLIa’S PaYDIRT