CIMIC's CPB Contractors Gets Rio Tinto's Three Important Contracts

  • Dec 20, 2019 AEDT
  • Team Kalkine

CPB Contractors, a CIMIC Group Limited (ASX: CIM) company, has been selected by Rio Tinto to deliver three separate packages of work at Robe Valley, in the Pilbara Region of WA.

  • The project’s worth is approximately $150 million, which includes earthworks and civil works linked with the development of Robe Valley;
  • CIMIC has a strong track record of delivering significant projects to the iron ore industry;
  • The project is expected to be completed by the end of 2021.

At AEST 12:53PM, the stock was trading at $34.320 per share, up by 2.326% from its previous close.

 

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