PRESS RELEASE: The McMahon Services Clough JV will assess the updated definitive feasibility study (DFS) of the project completed in November 2017 for the design, construction and delivery of the Tivan processing plant in collaboration with TNG’s strategic engineering partner, SMS group.
The JV will also perform preliminary construction management and procurement contracting services, and is TNG’s preferred EPC team for all future construction work associated with the Mount Peake vanadium-titanium-iron project.
The agreement is aimed at advancing the relationship between the parties to a stage where TNG can make a final decision on its construction plans for the project, as well as support the company in obtaining a financial investment decision from its investors or financiers.
TNG’s managing director, Paul Burton, said the strategic co-operation agreement with Clough and McMahon Services put in place the foundations for an expansive EPC approach to the financing and construction of the Mount Peake project, creating a structure which would potentially include two of Australia’s leading construction and engineering groups in its final EPC team.
“We already have a strong and long-standing relationship with our German-based strategic engineering partner, SMS group, and this is agreement with Clough and McMahon is designed to build on and enhance that relationship,” he said. “Having two of Australia’s leading contracting groups as part of our construction consortium is a real positive for the Mount Peake project.”
McMahon Services’ directors David and Andrew McMahon said they were looking forward to working with TNG and its flagship project in the Northern Territory.
“Our team is excited by this opportunity, together with our partners Intract Australia (indigenous contracting business). The project will offer considerable indigenous employment, training and long-term career paths throughout the life of the project,” they said.