KVG awarded Hope Downs contract

VIENTO Group and Koodaideri Contracting Services have been awarded a $A7.3 million construction and commissioning contract for work for Rio Tinto’s joint venture Hope Downs iron ore operation.
KVG awarded Hope Downs contract KVG awarded Hope Downs contract KVG awarded Hope Downs contract KVG awarded Hope Downs contract KVG awarded Hope Downs contract

Hope Downs 4. Copyright Rio Tinto 2014.

Jack McGinn

KVG Joint Venture, a 50:50 joint venture entity between Viento and Koodaideri, has received the waste fines facility project contract for the construction and commissioning of a tailings storage facility at the Hope Downs 4 project.

Work included under the contract includes the bulk and detailed earthworks of the embankment lift for the waste fines storage facility.

Viento managing director Doug Grewar said the contract added to the relationship between the JV and Rio.

KVG previously completed road maintenance grading, irrigation pivot clearing and road construction at Rio’s Nammuldi mine as part of a$5 million contract awarded in February 2014.

Viento also received a $5.7 million contract in partnership with Indigenous Construction Resource Group for work at Rio’s Paraburdoo tailings facility in April last year.

The new contract is due to commence on June 5 and expected to run for five months.

The Hope Downs operation is a 50:50 joint venture between Rio and Hancock Prospecting.

Shares in Viento closed at 3.5c yesterday, while Rio Tinto shares were $55.30 when the market closed.

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