North American Construction Group Ltd. Announces Award of Australian Civil Construction Project
North American Construction Group (NOA) announced that its MacKellar Group subsidiary has secured a contract worth approximately $100 million from a major copper producer in New South Wales, Australia. The project involves site infrastructure establishment, initial overburden removal, and closure of a reclamation facility at an operational 24/7 copper mine. Starting in Q1 2025 and scheduled for completion in Q2 2026, the project will utilize existing owned and leased fleet, primarily equipment transported from Canada. This contract represents MacKellar's entry into the New South Wales region and aligns with the company's geographic and customer diversification strategy. The project was already included in the company's 2025 outlook as unsecured work, bringing the combined revenue visibility to over 90% of the midpoint for 2025.
Il North American Construction Group (NOA) ha annunciato che la sua controllata MacKellar Group ha ottenuto un contratto del valore di circa $100 milioni da un importante produttore di rame nel New South Wales, Australia. Il progetto prevede l'istituzione delle infrastrutture del sito, la rimozione iniziale di materiali di copertura e la chiusura di un impianto di recupero in una miniera di rame operativa 24/7. Iniziando nel primo trimestre del 2025 e programmato per il completamento nel secondo trimestre del 2026, il progetto utilizzerà una flotta di attrezzature di proprietà e in leasing, principalmente trasportate dal Canada. Questo contratto rappresenta l'ingresso di MacKellar nella regione del New South Wales e si allinea con la strategia di diversificazione geografica e della clientela dell'azienda. Il progetto era già stato incluso nelle previsioni dell'azienda per il 2025 come lavoro non garantito, portando la visibilità delle entrate complessive a oltre il 90% del valore medio per il 2025.
North American Construction Group (NOA) anunció que su subsidiaria MacKellar Group ha obtenido un contrato por aproximadamente $100 millones de un importante productor de cobre en New South Wales, Australia. El proyecto implica el establecimiento de infraestructuras en el sitio, la remoción inicial de material de sobrecarga y el cierre de una instalación de recuperación en una mina de cobre que opera las 24 horas del día, los 7 días de la semana. Comenzando en el primer trimestre de 2025 y programado para completarse en el segundo trimestre de 2026, el proyecto utilizará una flota de equipos propios y arrendados, principalmente equipos transportados desde Canadá. Este contrato representa la entrada de MacKellar en la región de New South Wales y se alinea con la estrategia de diversificación geográfica y de clientes de la empresa. El proyecto ya estaba incluido en las proyecciones de la empresa para 2025 como trabajo no asegurado, lo que lleva la visibilidad de ingresos combinados a más del 90% del punto medio para 2025.
북미 건설 그룹(NOA)는 자회사인 MacKellar Group이 호주 뉴사우스웨일즈의 주요 구리 생산자로부터 약 $100백만 달러 규모의 계약을 확보했다고 발표했습니다. 이 프로젝트는 현장 인프라 구축, 초기 덮밥 제거 및 24시간 운영되는 구리 광산의 복구 시설 폐쇄를 포함합니다. 2025년 1분기부터 시작하여 2026년 2분기에 완료될 예정이며, 기존 소유 및 임대 플릿을 활용하고 주로 캐나다에서 운송된 장비를 사용할 것입니다. 이 계약은 MacKellar의 뉴사우스웨일즈 지역 진입을 의미하며, 회사의 지리적 및 고객 다변화 전략과 일치합니다. 이 프로젝트는 이미 회사의 2025년 전망에 보장되지 않은 작업으로 포함되어 있으며, 2025년 중간값의 90% 이상에 달하는 통합 수익 가시성을 제공합니다.
North American Construction Group (NOA) a annoncé que sa filiale MacKellar Group a obtenu un contrat d'une valeur d'environ 100 millions de dollars d'un important producteur de cuivre en Nouvelle-Galles du Sud, Australie. Le projet concerne l'établissement des infrastructures du site, l'enlèvement initial des déblais, et la fermeture d'une installation de réhabilitation dans une mine de cuivre opérationnelle 24h/24 et 7j/7. Commencant au premier trimestre 2025 et prévu pour être achevé au deuxième trimestre 2026, le projet utilisera une flotte existante de matériel possédé et loué, principalement des équipements transportés du Canada. Ce contrat marque l'entrée de MacKellar sur le marché de Nouvelle-Galles du Sud et s'aligne avec la stratégie de diversification géographique et de clientèle de l'entreprise. Le projet était déjà inclus dans les prévisions de l'entreprise pour 2025 en tant que travail non sécurisé, portant la visibilité des revenus combinés à plus de 90 % de la moyenne pour 2025.
North American Construction Group (NOA) gab bekannt, dass ihre Tochtergesellschaft MacKellar Group einen Vertrag im Wert von etwa $100 Millionen von einem großen Kupferproduzenten in New South Wales, Australien, gesichert hat. Das Projekt umfasst den Aufbau von Standortinfrastrukturen, die initiale Abraumverlagerung und die Schließung einer Rekultivierungsanlage in einem 24/7 betriebenen Kupferschacht. Beginnend im ersten Quartal 2025 und mit einer Fertigstellung im zweiten Quartal 2026, wird das Projekt vorhandene eigene und geleaste Flotten nutzen, hauptsächlich Ausrüstung, die aus Kanada transportiert wird. Dieser Vertrag markiert den Eintritt von MacKellar in die Region New South Wales und steht im Einklang mit der geografischen und kundenbezogenen Diversifikationsstrategie des Unternehmens. Das Projekt war bereits in den Prognosen des Unternehmens für 2025 als nicht gesicherte Arbeiten enthalten, was die Gesamteinnahmesichtbarkeit auf über 90 % des Mittelwerts für 2025 anhebt.
- Secured $100 million contract in New South Wales
- Geographic expansion into new Australian region
- Customer base diversification with new copper producer
- Increased revenue visibility to over 90% for 2025
- Utilization of existing equipment fleet
- Contract was already included in 2025 outlook, no additional revenue impact
Insights
ACHESON, Alberta, Dec. 11, 2024 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO/NYSE:NOA) today announced that the MacKellar Group (“MacKellar”) has been awarded an early works and development contract by a major copper producer in the Australian state of New South Wales. The project involves a wide range of production-related activities required for mining but is primarily based on the establishment of site infrastructure in a new mining area, initial overburden removal, and the closure of a previously used reclamation facility.
The award of this project, expected to generate approximately
“We are excited with this entry into the New South Wales region and are eager to meet and exceed our client’s expectations,” said Barry Palmer, Chief Operating Officer of NACG and Regional President of MacKellar Group. “With the award complete, we now turn to the important task of a safe productive mobilization on site. This is a critical project for both our customer’s success in ramping up their mine production and our success as a mining and infrastructure contractor in the New South Wales region.”
“Our Australian operations continue to build on its strengths and we are proud that this project aligns with our strategic objective of customer, commodity and geographic diversification. I would like to welcome this customer to MacKellar as we look to establish another longstanding relationship built on world-class safety and operational excellence,” said Joe Lambert, President and Chief Executive Officer.
For clarity, the scopes included in this award were contemplated as unsecured work to be completed by existing fleet in the outlook for 2025 provided on December 5, 2024. While improving overall visibility and line of sight to now being over
About the MacKellar Group
Operating since 1966, and as a wholly owned subsidiary of NACG since 2023, MacKellar has an enviable reputation for performance and reliability. MacKellar specializes in heavy earthmoving equipment solutions and has a proud history executing mining and civil earthworks projects.
About NACG
NACG is one of Canada and Australia’s largest providers of heavy construction and mining services. For more than 70 years, NACG has provided services to the mining, resource, and infrastructure construction markets. For more information about North American Construction Group Ltd., visit www.nacg.ca.
For further information, please contact:
Jason Veenstra, CPA
Chief Financial Officer
North American Construction Group Ltd.
Phone: (780) 948-2009
Email: ir@nacg.ca
The information provided in this release contains forward-looking statements. Forward-looking statements include statements preceded by, followed by or that include the words “expected”, “estimated” or similar expressions, including the anticipated revenues and backlog to be generated by the contract. The material factors or assumptions used to develop the above forward-looking statements and the risks and uncertainties to which such forward-looking statements are subject are highlighted in the Company’s MD&A for the year ended December 31, 2023 and quarter ending September 30, 2024. Actual results could differ materially from those contemplated by such forward-looking statements because of any number of factors and uncertainties, many of which are beyond NACG’s control. Undue reliance should not be placed upon forward-looking statements and NACG undertakes no obligation, other than those required by applicable law, to update or revise those statements. For more complete information about NACG, please read our disclosure documents filed with the SEC and the CSA. These free documents can be obtained by visiting EDGAR on the SEC website at www.sec.gov or on the CSA website at www.sedar.com.
FAQ
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