Snippets Corner: 24 March 2010 – SKE, NOD, SWK
March 23, 2010
Skilled Group Limited (SKE) announced the resignation of Executive Director and Chief Operating Officer John Dixon from the group’s board and the appointment of Max Findlay to the board as an independent non-executive director. The company said Mr Dixon’s resignation is effective as of today as he pursue his own interests. Skilled said Mr Dixon would stay on as an advisor to the business, and will chair the Offshore Marine Services Alliance joint venture board. Mr Findlay’s appointment is effective as of today. The company’s board also announced the appointment of Tim Paine as company secretary and group general counsel, effective Monday 29 March.
Nomad Building Solutions Limited (NOD) said business units Nomad Modular Building Queensland and Halley Homes have secured over $28 million of work in the past month. The company said the various contracts include accommodation units, modular housing, rental sales, specialty commercial buildings and education facilities. Nomad said the new works commence shortly and are expected to be completed early in the first quarter of the 2010-2011 financial year. The company said the groups work in hand now stands at approximately $170 million.
Swick Mining Services Limited (SWK) said it has been awarded a new underground diamond drilling contract with global gold major Newmont valued at in excess of $50 million in revenue over three years. The company said the contract is one of the largest it has secured in its history, underpinning the company’s revenue for the next three years. Swick is forecasting a record number of 63 rigs in work across Australia and North America by July 2010. Under the new contract, Swick said it would provide underground diamond drilling services to Newmont at the Jundee and Tanami Gold Mines, commencing in April 2010. There is a one-year option held by Newmont to extend the contract into a fourth year. Swick said it currently has five rigs drilling at Jundee and four rigs drilling at Tanami under an existing contract with Newmont that commenced in April 2007. The company said an additional two underground diamond drill rigs would be mobilised to Tanami for the new contract.
Nomad Building Solutions Limited (NOD) said business units Nomad Modular Building Queensland and Halley Homes have secured over $28 million of work in the past month. The company said the various contracts include accommodation units, modular housing, rental sales, specialty commercial buildings and education facilities. Nomad said the new works commence shortly and are expected to be completed early in the first quarter of the 2010-2011 financial year. The company said the groups work in hand now stands at approximately $170 million.
Swick Mining Services Limited (SWK) said it has been awarded a new underground diamond drilling contract with global gold major Newmont valued at in excess of $50 million in revenue over three years. The company said the contract is one of the largest it has secured in its history, underpinning the company’s revenue for the next three years. Swick is forecasting a record number of 63 rigs in work across Australia and North America by July 2010. Under the new contract, Swick said it would provide underground diamond drilling services to Newmont at the Jundee and Tanami Gold Mines, commencing in April 2010. There is a one-year option held by Newmont to extend the contract into a fourth year. Swick said it currently has five rigs drilling at Jundee and four rigs drilling at Tanami under an existing contract with Newmont that commenced in April 2007. The company said an additional two underground diamond drill rigs would be mobilised to Tanami for the new contract.
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