Now NRW will incorporate these people into its holdings and along. with them will ‘inherit’ the history of works they have accomplished.
To get an idea of what has been going on in the last several years I have skimmed through annual reports looking for information on Mining and Resources, Heat Treatment and Manurfacturing as I feel some or all of these achievements/relationships may be relevant to us now.
I am pasting some of it up here in case anyone else is interested and also ‘for the record’ in terms of potential future referral.
( I have noticed elsewhere on HC that company links do not seem to work any more once the company has been liquidated.)
...“During the year RCRMining delivered a second, larger track-mounted mobile mining unit plant, this time, as a single module. The second generation unit, which uses advanced technology and further innovations, cements RCR’s market leading position for mobile mining equipment. RCR’s off-site repair business was quiet throughout 2010 due to economic conditions.
........... RCRResources was strongly impacted by legacy issues, resulting in lower profitability. Recurring work was pleasing with RCR celebrating 30 years of maintenance for the Alcoa Port in Bunbury.
Contract extensions on existing projects such as Pluto and the Worsley Efficiency & Growth project provided a steady revenue stream during the year. Heat treatment continued to deliver exceptional returns enabling an expansion of our facilities with the addition of two new furnaces
...
...“RCRMining
RCR Mining delivered both revenue and profit growth and finished the year with a strong order book.
As testament to our mining equipment business, we were awarded our second WA Engineering Excellence award for
our single module, larger track-mounted mobile mining unit and successfully completed the design, manufacture and commissioning of 11 radial stackers, a newly developed product.
We continue to pursue opportunities to exploit our existing track-mounted In-Pit Crushing and Conveying technology (IPCC) in other industries including iron ore and coal.
The off-site repair business, although not at full capacity, saw improved performance throughout 2011.
.......... RCRResources
The Resources business saw significant improvement operationally, delivering revenue growth and significant profit improvement.
With a more focussed senior management team the business won project work and continues to provide key support services to a number of blue chip resources clients.
Further contract extensions on existing projects such as Woodside’s Pluto Project and the Worsley Efficiency & Growth Project and the winning of our largest ever single structural, mechanical, piping (SMP) project provided a good base for continued growth.
The business’ heat treatment division saw the commissioning of a new furnace at its Welshpool Operations. Further expansion has already begun to provide additional capacity, which is due to be on-line in FY12 .”...
....“Importantly during the year RCR was awarded the largest contract in the Company’s history, valued at $600 million, to provide procurement, construction and pre-commissioning of two ore processing facilities at Fortescue’s Solomon Mine in the Pilbara region of Western Australia. The award was a major achievement for RCR, demonstrating our ability to successfully deliver on our strategy of organic growth through pursuing larger contracts.......
.... RCRMining
The Mining business continued the success of the first half with the highest ever number of deliveries of apron and belt feeders; finishing the year with delivery of at least one feeder per week.
Recurring revenues from off-site repair and maintenance work also improved in the second half.
In the year end the business achieved a record order book intake and a vigorous level of inquiries which supports the continuation of current activity levels well into new financial year.
The business achieved margin growth, which continued strongly from the first half of the year to delivering 7.3% EBIT margin for the full year. The Mining business is still our most profitable business due to strong intellectual property on which the revenues are based...
..... RCRResources
The Resources business was propelled into tier one status by securing a $600 million contract win for Fortescue, the largest contract in the Company’s history, to build two ore processing facilities at Fortescue’s Solomon Mine in the Pilbara of Western Australia (“Solomon Project”. The award is a landmark achievement for RCR and demonstrates our ability to successfully deliver on our strategy of organic growth through pursuing larger contracts. The contract is now well advanced, and the successful delivery of the Solomon Project is the key goal of the Resources and Power businesses.
The business also delivered solid performances at Newcrest’s Cadia underground operations, Woodside’s Pluto Project which completed in June; and at BHP Billiton’s Worsley Refinery where the efforts of our team are being recognised through a continuously expanding workload, notably RCR remains the last SMP contractor on site.
During the year, revenues doubled and earnings increased by 45% compared to the prior year, due to substantially increased project revenues on the current relatively fixed overhead.
At year end, the business had a very strong order book and coupled with significant opportunities in the pipeline, is well positioned to continue to grow revenues and margins in the short and medium term....
......
During the year, the manufacturing division moved into new purpose-built facilities at our Welshpool Hub and finished the year with revenue and margin growth.
The business finished the year with a much stronger order book and backlog, strong pipeline of tenders for larger projects and increased enquiries for the manufacturing division”.....
....“RCRMining – The Mining business had another year of strong performance with EBIT and Revenue to EBIT margin growing to $15.9 million and 9.4% respectively, (FY12: $13.5 million and 7.5%). Activity levels were down from the unprecedented higher levels achieved in FY12 as a number of projects moved into the completion phase from the assembly and procurement phases. The business has continued to secure new work throughout the year for both new equipment and off-site repair overhauls carried out across the businesses’ bespoke workshops.
In June 2013 RCR announced a Technology partnership for the Mining businesses and an exclusive licence to distribute the full range of surface mining and bulk materials handling equipment produced by Kopex FAMAGO. Kopex is located in Gorlitz on the German-Polish border, a member of the Kopex International Group of Companies (“Kopex Group” headquartered in Poland. The licence granted to RCR by Kopex S.A. is for five years with optional extensions and covers territories in Australia, New Zealand and Papua New Guinea.
Under the licence, RCR will be responsible for marketing, development, construction and assembly, installation, commissioning and after-sales support for a comprehensive range of Kopex technologies, including stackers, reclaimers, ship loaders, crushers, belt conveyors, bucket wheel excavators, screens and In-Pit Crushing and Conveying (“IP2C” technologies for a range of mining processes. When integrated with the company’s expertise in other ores (iron, gold, bauxite, mineral sands, nickel etc.), this technology provides the business with a complete range of mining equipment.
RCRResources – Revenues in the business grew 8% to $449.3 million (FY12: $416.1 million) which in turn contributed to improved earnings of $18.7 million and improved margins of 4.2%. The business, in Joint Venture with RCR Power, successfully delivered the Firetail Ore Processing Facility (“OPF” for Fortescue and commenced construction activities on the second OPF, Kings as part of the Solomon project awarded in 2011. This contract was secured at a relatively low margin but with capped downside risk and accounts for the overall business delivering margins at slightly below the company target of 5%. In addition to the Solomon contract the business successfully concluded a number of work packages for Newcrest at the Cadia mine site.”.......
2014 Annual Report https://www.rcrtom.com.au/media/1856/2014-annual-report.pdf .....“RCRResources – generated revenues of $444.5 million. A highlight for the year was the successful completion
of the second of two Ore Processing Facilities (“OPFs” for Fortescue at its Solomon Mine in the Pilbara in Western Australia. The Kings Valley OPF was completed in just 29 weeks; a record for the industry. RCR has now successfully delivered two OPFs to Fortescue, with a combined production capacity of more than 65 million tonnes of iron ore per annum.
During the year, the business was also awarded major works at Newcrest’s Cadia Valley Operations in NSW
and Xstrata’s Ernest Henry Mine project in North West Queensland, for specialised underground mine work.
The year also saw a significant award of a turnkey In-Pit Iron Ore Sizing Plant with capacity of 12mtpa to support
Rio Tinto’s MESA J mining operations at Pannawonica in Western Australia. This awarded outcome is the first success in our strategy to expand RCR mobile mining technologies into the iron ore sector.
Activity in the MiningTechnologies and Off-SiteRepair (“OSR” and HeatTreatment divisions was solid with another year-on-year increase in our manufactured equipment. There is also increased tendering activity for large materials handling equipment that leverages our exclusive technology partnership with Kopex. OSR activities in our Welshpool and regional workshops continued to generate solid recurring income.
During the year we further expanded our facility in Welshpool WA, which is now the hub for our heavy engineering and OSR activities, heat treatment, power, energy service, O’Donnell Griffin and Haden divisions”......
- there is a lot more in all of the reports, especially the 2014 one but I have just included the CEO comment for FY 2014 for now as it is late .
. The award is a landmark achievement for RCR and demonstrates our ability to successfully deliver on our strategy of organic growth through pursuing larger contracts. The contract is now well advanced, and the successful delivery of the Solomon Project is the key goal of the Resources and Power businesses.
(20min delay)
