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Murray & Roberts Awarded Projects Valued At R3.7bn

Multinational engineering and construction group, Murray & Roberts was recently awarded additional underground mining projects in the diamond, gold, copper, salt and platinum sectors in the sub-Saharan, North American and Australasian markets to the value of R3.7bn.
Image: ©iStock - 525717367 Image: ©iStock - 525717367

This is in addition to being awarded R3.8bn in new underground mining projects announced in March 2018.

The projects are expected to be delivered over two to three years.

The group was awarded a total of R7.5bn of mining project work, most of which were included in the company’s December 2017 interim results. “This growth supports market research guidance of the recovery in capex spending by mining firms globally and the view of the longevity of the overall mining capex cycle,” the company said in a statement.

JSE-listed, Murray & Roberts, is headquartered in Johannesburg, South Africa, and has offices across Africa, Australasia, Europe and North America.

“The company continues to be well-positioned to potentially secure more mining projects in the near term,” concluded Henry Laas, Group CE of Murray & Roberts.

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