mine work normal say bgc

Its nice to know that the Mining Industry has returned to normal as per this news report, wish someone would tell that to AGO investors!
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Mine work normal, says BGC

Peter Williams, The West AustralianSeptember 19, 2013, 7:45 am

The head of Len Buckeridge's contracting business says the mining industry has returned to normal levels rather than falling into a slump.

BGC Contracting chief executive Greg Heylen said work had increased for his business while others were claiming the resources sector was in a downturn.

"If you listened to all the talk around town about how limited the opportunities were, you'd go home in very dull frame of mind," Mr Heylen said. "We just don't share that."

"The fact that we have been able to continue growing our business for me is confirmation of that."

He was speaking after BGC Contracting won $300 million in work at Atlas Iron's Mt Webber project near Port Hedland.

The business has an order book worth $3 billion and is turning over about $1 billion a year.

Mr Heylen said the sector had become more competitive and cost-conscious now that it had returned to more normal post-boom times.

"The whole industry has got to take a bit of a deep breath and recognise that people were being paid a lot of money before," he said. "People have just got to work a bit harder for it."

BGC Contracting will perform development work, mining and crushing and screening at Mt Webber over five years, possibly longer. The workforce will peak at 120. The contract continues a working relationship that goes back four years to Atlas' Wodgina mine. That contract was extended last year until 2016.

"They're a growing business and we want to grow our business on the back of their growth," Mr Heylen said.

Calibre Group has won a $14 million contract for an underground railway line in Singapore.

Subsidiary Brown Consulting will provide construction, engineering and supervisory services for the Singapore Land Transport Authority.
"This award builds on Brown's growing reputation on Singapore's vital rapid transport infrastructure projects," Calibre chairman Ray Horsburgh said. "Calibre has targeted growth in South-East Asia as an important strategic priority for the business."