Resource Development Group (ASX:RDG) reports it has been awarded $140 million in project work by Mineral Resources (ASX:MIN) subsidiary, CSI Mining Services on its Onslow Iron Project.
Resource Development Group, which has a market capitalisation of $129.83 million, says its wholly owned subsidiary Central Systems will undertake work involving bridges/overpasses and approach roads, as well as concrete placement.
The project commercials were negotiated on an ‘arm’s length basis’ with work to be completed by July 2024.
Headquartered in Perth, Western Australia, RDG provides diversified services to the resource, infrastructure, energy, government, utilities, and defence sectors within Australia.
The company is currently exploring several new strategies to diversify into new service offerings, markets, and sectors. RDG says the goal is to reduce the company’s dependency on contracting services to the mining sector by leveraging existing skills into new markets and/or acquiring new capabilities and services to enable expansion into complimentary industries.
RDG via its main operating subsidiary, Central Systems currently provides a ‘whole of project’ contract service offering including multi-disciplinary construction services; ancillary, remedial and protective maintenance services; EPC project delivery solutions; design and construct package delivery solutions; and optimising services including debottlenecking existing operations.
Write to Adam Orlando at Mining.com.au
Images: Mineral Resources
