Western Australian mining contractor Pilbara Resource Group Pty Ltd (PRG) has secured a significant works contract with GWR Group Limited (GWR) for Stage 1 of its Wiluna West Iron Ore Project.
The Alliance Mining Contract will see PRG carry out development, mining, and transport for the C4 Iron Ore Deposit. This direct shipping deposit will produce a high grade, low impurity iron ore.
Under the deal, GWR will retain a 70 per cent share of direct profit and the rights for ore sales, strategy, and timing.
PRG’s 30 per cent profit share is expected to see its turnover increase significantly next year.
The GWR contract caps off another stellar 12 months for PRG during which it secured several new projects and large-scale contracts that saw its workforce increase by 35 per cent.
It’s taken just four years for the unashamedly young and aggressive PRG, founded by Scott Dryland and Scott Thompson, to become a real contender in the contract mining space.
Holding its own against the industry’s established players, PRG has weathered fierce market competition and tighter project budgets during WA’s mining downturn.
It also survived the spate of construction and civil contracting firms that went into voluntary administration, leaving it out of pocket.
Scott Dryland said resilience, adaptability, and a can-do commitment have been the hallmarks of PRG since day one.
“We are nimble, and we are not afraid to do things differently,” he said.
“It’s no coincidence that we hunt out the jobs that others shy away from.”
Mr Dryland said production at Wiluna West on track to commence before Christmas, with the first iron ore shipment scheduled for early 2021.