Latest Engineering Construction News

Macmahon will acquire Aspect Engineering Solutions for a headline enterprise value of A$75 million, adding engineering, minerals processing and project delivery capabilities to its mining services platform. The deal is expected to lift underlying EPS by about 6.2% from inception, although completion and future earnings performance remain important variables.

Verbrec has landed $16 million in new contracts spanning engineering, construction, and cyber security services for gas infrastructure, reinforcing its role in Australia's energy security amid looming supply challenges.

Monadelphous Group Limited delivered a standout FY2026 with revenue climbing 31.5% to $2.98 billion and net profit after tax soaring 52.1% to $127.3 million, underpinned by robust contract wins and strategic acquisitions.

SRG Global reported record FY26 results driven by strong operational delivery, strategic acquisition of TAMS, and enhanced sustainability governance. The company upgraded its FY27 EBITDA guidance to $195–205 million, supported by a $5.1 billion work in hand and $11.5 billion opportunity pipeline.

Monadelphous has secured a $200 million contract from BHP to deliver key infrastructure works at the Nelson Point Port Facility in Port Hedland, signalling a significant boost for its engineering construction division.

Monadelphous Group has landed over $200 million in new contracts spanning wind turbine installation, maintenance, and construction services across Australia and Papua New Guinea.

Duratec Limited has finalised its $12 million acquisition of Pacific Welding Australia, expanding its footprint in the Energy and Mining sectors along Australia’s East Coast and enhancing its self-perform capabilities.

Anson Resources and POSCO Holdings have inked a binding agreement for POSCO to design and operate a $7.2 million Direct Lithium Extraction demonstration plant at the Green River Lithium Project in Utah, aiming to validate proprietary lithium extraction technology and strengthen U.S. battery supply chains.

Macarthur Minerals has approved a joint venture where Gold Valley assigns half its interest in the Lake Giles Ularring Hematite Project to Destec, bringing fresh operational expertise to the venture while Macarthur retains full ownership of its tenements.

Monadelphous has landed $120 million worth of new contracts spanning resources and renewable energy, including a key battery storage project for Fortescue and expanded services for Rio Tinto.

Pointerra Limited delivered a 214% jump in Q3 FY26 customer receipts to A$2.2 million, driven by milestone invoicing and new Tier 1 utility contracts, edging closer to operating cashflow breakeven.

Macarthur Minerals Limited (ASX:MIO) has completed a placement issuing 50 million shares and 25 million options, introducing Destec Holdings Pty Ltd as a new major shareholder. The funds will support tenement maintenance, working capital, and project advancement at the Lake Giles Iron Project.