Murray & Roberts has been awarded more underground mining projects in sub-Saharan Africa, North America and Australasia valued at R3.7bn. This brings underground mining projects awarded to the group in 2018 to R7.5bn. In March it announced new underground mining awards in North American and Australasian markets worth R3.8bn. The new awards raise the value of the group’s underground mining order book by about 50% to R22.8bn from the R15.3bn reported at the end of December 2017. Murray & Roberts says the gains are supported by market research showing a recovery in capital expenditure by miners globally. "The company continues to be well positioned to potentially secure more mining projects in the near term," group CEO Henry Laas said on Tuesday. The share price rose 1.45% in late trade to R14. Laas has often said the market has not acknowledged that about 60% of group revenue and 50% of earnings before interest and tax are now derived offshore. Murray & Roberts has undergone years of ...

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