FinTechFunding

SRG Global: Wins $150M Fortescue Metals (ASX:FMG) contract

  • Construction engineering firm SRG Global (SRG) has awarded a $150 million contract by Fortescue Metals Group (FMG)
  • The company’s $150 million contract with the iron ore mining giant is a master agreement for maintenance and shutdown services
  • Under the contract, SRG will also provide maintenance and shutdown services at Fortescue’s mine, rail, and port locations throughout Western Australia
  • SRG Global will work at WA locations including Christmas Creek, Cloudbreak, Firetail, Kings Valley and Eliwana mine sites
  • The company’s contract with FMG will run for five years and begin immediately
  • SRG Global is up 5.87 per cent and trading at 49 cents per share
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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