McMahon-Clough JV secures EPC agreement for Mount Peake mine in NT

Monica Gameng   |   March 15, 2018

TNG has signed a strategic co-operation agreement with the McMahon ServicesClough joint venture to provide engineering, procurement and construction (EPC) services at the Mount Peake vanadium-titanium-iron project in the Northern Territory.

Under the agreement, the joint venture will fully review the project’s Definitive Feasibility Study (DFS) that was recently completed as well as assess the preliminary construction management and procurement contracting services needed for the project together with SMS Group – TNG’s engineering partner.

TNG said in a statement that this agreement is aimed at advancing the relationship between the joint venture and its engineering partner to a stage where TNG can make a final decision for the project’s construction plans; and support the company in getting a financial investment decision from investors.

mount-peake-project-location.jpgSource: TNG

According to TNG’s Managing Director Paul Burton, the agreement signed with the McMahon – Clough joint venture builds the foundation for an expansive EPC approach to the construction and financing of the project.

Mr Burton added: “We already have a strong and long-standing relationship with our German-based strategic engineering partner, SMS Group, and this agreement with Clough and McMahon is designed to build on and enhance that relationship. Having two of Australia’s leading contracting groups as part of our construction consortium is a real positive for the Mount Peake Project.”

In addition, Intract Australia – a 51% Indigenous-owned, managed and controlled enterprise launched by McMahon – will be working with McMahon to provide civil construction and general building works for the Mount Peake Project.

The Mount Peake vanadium-titanium-iron project is located approximately 253 kilometres north of Alice Springs. The mine, once developed, will be able to produce high-quality, high-purity strategic metal products – including vanadium pentoxide, titanium dioxide and pig iron – for markets all around the globe.

Subscribe to Felix Project News today for the latest industry news and project updates sent straight to your inbox.

Source: Australian Mining, TNG

Monica Gameng
As Felix's Marketing Assistant since 2015, Monica is responsible for researching and sharing new and progressing projects within the construction and mining sectors in Australia. It's no surprise that Monica has her finger on the pulse of Australian major projects given she has produced more than 1,000 posts. She truly is an industry expert.
Follow me:

Related Articles

Projects
$190 million Dawson South extension awarded to Thiess

Thiess, CIMIC Group’s mining services provider, has been awarded a $190 million contract extension from Anglo American, a global mining business, to continue providing mining service in Queensland’s Bowen Basin at Dawson South.

Projects
Thiess wins contract for works on new Mount Pleasant coal mine in NSW

Thiess, CIMIC Group’s mining services provider, has secured a mining services contract for MACH Energy’s new Mount Pleasant coal mine in the Hunter Valley region in New South Wales.

Projects
Thiess wins $340m contract extension at NSW Mount Owen coal mine

Thiess has been awarded a $340 million contract extension by Glencore, extending the CIMIC Group company’s operations at the Mount Owen mine in New South Wales’ Hunter Valley by another 18 months starting July 2021. 

Get the latest project news

Formerly known as the PlantMiner blog, Felix Project News is Australia's top 10 Construction blog.

Join thousands of construction and mining pros getting the best content right in their inbox.

✓ updates on Australia's pipeline of state and federal projects

✓ fresh contract awards from major contractors and builders