Murray & Roberts has won new underground mining projects in North American and Australasian markets worth a total of R3.8bn, to be delivered over a period of up to four years. This pushes up the value of the group’s underground mining platform order book about 25% from the R15.3bn reported as at the end of December 2017. The group has undergone years of restructuring to take advantage of global energy, mining, oil and gas and water projects amid dire South African mining and general infrastructure markets. “Based on the improvement in the commodity cycle and increased investment by mining companies, we expect the global mining market to present long-term growth potential for our underground mining platform,” said CEO Henry Laas. Revenue from continuing operations in the interim period to December 2017 rose 10% to R11.8bn, while diluted headline earnings per share from continuing operations more than doubled to 55c. This was helped by a strong performance in the underground mining bu...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.