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Highlights
- Civmec adds $285M in new contracts across NSW and WA
- Project wins include shiploader works and Eneabba refinery
- Boosts outlook for infrastructure-focused ASX dividend stocks
Civmec (ASX:CVL) has expanded its project portfolio by securing $285 million in new and extended contracts across New South Wales and Western Australia, reinforcing its position within the infrastructure segment of the ASX200.
A significant portion of this new work involves materials handling upgrades for Port Waratah Coal Services in Newcastle, the world’s largest coal export terminal. Civmec will be responsible for the design, fabrication, preassembly, shipping, and installation of a new shiploader at the Kooragang terminal. The project also includes the removal of the existing equipment. Once complete, the shiploader will be transported from Civmec’s Newcastle facility via a heavy-lift vessel, with installation slated for completion by 2028.
In addition to enhancing export operations, the project is expected to create over 100 specialised jobs and increase local employment opportunities in the Hunter Valley region. Civmec has also won a refurbishment contract for an existing shiploader at the site, involving structural remediation and component replacement, further solidifying its relationship with Port Waratah.
These developments complement more than $40 million in maintenance contracts Civmec secured in the March quarter, reflecting its growing reputation in both new builds and asset lifecycle services.
Meanwhile, Civmec will play a key role in the development of Iluka Resources' (ASX:ILU) Eneabba rare earths refinery in Western Australia. The contract includes the design and construction of 30 field-erected tanks and significant civil concrete works. These tanks will be fabricated at Civmec’s Henderson facility—Australia’s largest heavy engineering operation—before being transported to the Eneabba site for final installation.
The Eneabba project is pivotal to establishing Western Australia as a strategic hub for the downstream processing of rare earth oxides, positioning the facility as the country’s first fully integrated plant in this space.
These new contract wins bolster Civmec’s pipeline and may strengthen its long-term value as part of infrastructure-focused ASX dividend stocks. With key projects aligned to strategic export and critical mineral sectors, Civmec’s momentum continues to mirror broader industrial trends within the ASX200.
