The $270 million contract – for the Clean Energy Link North Region project – will involve the building of new 330kV and 132kV terminals in the existing network footprint to significantly increase transmission capacity and enable new energy sources to come online, in addition to existing line conversions and reinforcement work to significantly improve the flow of renewable energy to and from the area.

Genus will also design and construct two terminals at Regans Ford and Eneabba and an associated line. It will also augment the existing 330kV Northern and Eneabba terminals.

Work is set to begin this month; scheduled completion is dated to mid-2027.

Managing director David Riches said the contract was a consolidation of Genus’ already strong relationship with Western Power.

“Genus has worked with Western Power for many years, and is very pleased to have secured this project and to be able to continue working with Western Power on a project that is very important to Western Australia as it moves towards a clean energy future,” he said.

“Genus is looking forward to continuing to develop its longstanding relationship withWestern Power as a key delivery partner.”

Genus shares rose on the news, and at 14:05 AEDT, they were trading at $2.66 – a rise of 6.40% since market open.

Join the discussion. See what HotCopper users are saying about GenusPlus Group and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

The deal – expected to net more than $400 million in annual revenue for Ventia – will involve honing the delivery of design, construction, and maintenance of infrastructure, including lifecycle management across Australia and fixed network services for Telstra’s digital infrastructure facilities.

Additionally, Ventia will be involved in the designing and construction of asset relocation and commercial works, as well as the continuation of some services related to network design and construction.

Wideband, optical fibre, data, IP networks, and wireless plans are all included in the deal.

Ventia CEO and Managing Director, Dean Banks, said the deal would build on an already strong business relationship with the telecommunications giant.

“We are proud to have been a trusted partner to Telstra for nearly 30 years and we are excited to expand our partnership to support their strategic goals,” he said.

Existing contracts between the two companies are set to expire in December, and works under the new contract will begin in early 2025.

Ventia has been trading at $3.45.

Join the discussion: See what HotCopper users are saying about Ventia and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

The contract – which lasts for three years – will support Cokal’s production ramp-up at BBM – which has a JORC mineral resource estimate of 266.6 million tonnes – as Stanley is set to deploy up to 100 units of 8×4 spec 42-tonne payload trucks take coal from the project’s Pit 3 to the Batu Tuhup Jetty.

The program will kick off on October 14, with 20 trucks to begin hauling from that date, with additional trucks added in-line with the scheduled ramp-up.

Running alongside this is another infrastructure development: the commissioning of a semi-permanent steel bridge on the Mohing River crossing to better enable the Stanley trucks to make their journey, particularly during rainy seasons.

Construction of this bridge has already begun, was an anticipated completion by December 2024, with the current wood bridge remaining operational for haulage until then.

Cokal shares have moved slightly down on the news, and at 15:00 AEST, they were trading at 7.6 cents – a fall of 1.30% since the market opened.

Join the discussion: See what HotCopper users are saying about Cokal and be part of the conversations that move the markets.

According to the arrangement – which will make MSIP partners with Mineral Resources in the Onslow Iron Project – the latter company will receive an additional payment of $200 million from MSIP once the road achieves a 35 million-tonne per annum run rate for any quarter before June 30, 2026.

The company will also retain majority ownership and exclusive rights to use, operate andmaintain the Haul Road, as well as majority exposure to its stable earnings over the life of Onslow Iron.

Importantly, MinRes’s undrawn bridge facility of US$750 million will now be cancelled.

The 150-kilometre Haul Road – which is on-track for completion in October 2024 – links the Ken’s Bore mine site to the Port of Ashburton.

It was developed by Mineral Resources as a key infrastructure solution to aid ‘stranded’ mining projects in the West Pilbara.

Mineral Resources managing director Chris Ellison said the arrangement represented another milestone in the project’s development.

“I’m pleased to officially welcome MSIP as a partner in the Onslow Iron project,” he said.

“This partnership is yet another strong endorsement of Onslow Iron’s world-class credentials and showcases MinRes’ ability to unlock significant capital from our portfolio of assets.”

MinRes has been trading above $41.80 3pm (AEST).

Join the discussion: See what HotCopper users are saying about Mineral Resources and be part of the conversations that move the markets.