WA engineering firm on track for organic growth and acquisitions, remains buoyant on resources sector

MSP News

Monday 6th April 2009

 

One of WA’s longest - serving engineering services firm is set to expand through acquisitions and organic growth with a view that the WA resources sector remains bright for business opportunities in the engineering, design and construction of mining and infrastructure projects.

 

MSP Engineering – formerly McSweeney Partners – was founded in the 1960s by mining veteran John McSweeney and is overseen by his son Managing Director, Peter McSweeney who is rapidly repositioning the business to become a real engineering force in Western Australia.

 

The mid - tier engineering firm had a record turnover last year and sees significant growth potential by remaining privately held, reviewing potential bolt - on acquisitions, diversifying its services and targeting brownfield mining operations and buoyant areas within the resources sector, such as gold and mineral sands projects.

 

MSP recently introduced key cornerstone investors – David McSweeney (founder of Gindalbie Metals) and Craig Burton (co – founder of Mirabela Nickel) who have extensive experience in the engineering design, development, construction and management of resource projects.

 

“Despite the market downturn, we see huge growth opportunities for our firm within the resources sector. Mining companies have shrinking budgets and are seeking engineering providers that can work seamlessly with their team, to develop resource projects and deliver them on time and on budget.” Managing Director of MSP Engineering, Peter McSweeney said.

 

“We believe MSP Engineering remains in a strong position for organic growth and new acquisitions – we have no debt, our decision to remain privately held is a big positive, we have introduced new investors and have an experienced management team who have a long association with MSP and key expertise in the industrial minerals, precious and base metals, and infrastructure fields.”

 

In the last ten years, MSP Engineering has delivered in excess of $ 500m worth of diverse project management and engineering services on resource development projects in Australia and internationally, including Papua New Guinea, Indonesia and India.

 

Mr McSweeney said the company recorded its best ever turnover of $ 15m last year and believed there was a real opportunity for the business to boost revenue growth by up to 500% in the next few years.

 

He said the business was looking at potential acquisitions that supported existing operations as well as introducing additional value - added services, such as mining, geological, surveying and metallurgical services to deliver additional benefits to clients.

 

“We have a lot of work underway at present – we just completed a major project for Allied Gold in Papua New Guinea, we recently finalised design, construction and commissioning of the $8.9m Talison Minerals Greenbushes Low Grade Lithium project, have the Rocla Maslin Beach project currently under construction and are presently conducting studies for Kasbah Resources, Galaxy Resources, Haddington Resources and Mineral Securities.

 

“What we do is we provide real flexible solutions by working with our clients through each phase of a mining development – from initial scoping studies, to developing bankable feasibility studies right through to final design, construction and commissioning of mineral processing plants and associated infrastructure.”

 

“The clients really appreciate the personalised service, which is often lacking by some of the major engineering providers.”

 

Mr McSweeney said with all its expertise in - house it was in a strong position to fund growth and recruit talented engineers and technical staff who were becoming more accessible with the downturn from some areas of the resources sector.

 

MSP Engineering has an experienced and dedicated team of 30 process, mechanical, structural, civil and electrical engineers, draftspersons, construction managers, supervisors and project controllers focussed on delivering projects on time and on budget.

 

 

Recently completed projects include:

 

 

Client Name

Project Name

Talison Minerals

Greenbushes Low Grade Lithium Project

Talison Minerals

Wodgina Cyclone Shelter Project

Talison Minerals

Wodgina Cyclone George Remediation Project

Talison Minerals

North Camp Expansion Project

Sons of Gwalia

Wodgina Stage 1 Upgrade Project

Sons of Gwalia

Greenbushes HMS Expansion Project

Sons of Gwalia

Wodgina Tantalite Expansion Project

Sons of Gwalia and Cable Sands

Murray Basin Mineral Sands Project

Cable Sands

Jangardup Mineral Sands Concentrator Project

Rocla Quarry Products

Golden Grove Glass Plant Expansion Project

Rocla Quarry Products

Golden Grove Paste Thickener

Avocet Mining

North Lanut Gold Treatment Facility

VV Minerals

VV Minerals Concentrator Facility

Shark Bay Resources

Island Conveyor Upgrade Project

Matilda Minerals

Andrangagoo Mineral Sands Feed Plant

ISK Mineral Sands

ISK Mineral Sands Project

Australian Renewable Fuels

Bio-Diesel Facilities Project

Mount Gibson Iron

Tallering Peak Camp Expansion

Australian Renewable Fuels

Bio-Diesel Facilities

Tantalum Australia

Dalgaranga Tantalite Expansion Project

Allied Gold

Simberi Gold Project

Cleveland Cliff Asia Pacific

Leyte Iron Sands Project Preliminary Desktop Study

Kasbah Resources

Achmmach Tin Project Pre-Feasibility Study

Galaxy Resources

Ravensthorpe Spodumene Project Pre-Feasibility Study

Haddington Resources

Balline Industrial Garnet Project Scoping Study

Emergent Resources

Beyondie Iron Project Business Plan

Gindalbie metals

Minjar Gold Treatment Facility Definitive Feasibility Study

Las Lagunas Limited

Las Lagunas Gold Project Scoping and Bankable Feasibility Study

Sons of Gwalia

Greenbushes SC 6.4 Flotation Project Desktop Study

Mawson West

Maybell Gold Project Scoping Study

Legend Mining

Gidgee Gold Plant Expansion Scoping Study

New Zealand Steel

Taharoa Iron Sands Fines Desktop Study

Outback Metals

Mt Wells Casseiterite / Copper Project Desktop Study

 

Category: MSP News