Mining Services

We have reviewed our valuation of RRL’s 100%-owned McPhillamys Gold Project following the recent update of estimated costs of key elements of the project.

In our latest monthly analysis of the Engineering & Construction (E&C) sector, a definitive reporting season summary has been completed, which includes a result analysis, and summary of important financial information, across the 19 companies included in our Bell Potter Engineering & Construction (BP E&C) Index.

During the month of July, a total of $886m in new contracts were announced by companies in our index. This was a strong result and was underpinned by $550m of contract wins from DOW across Roads, Electricity, Oil & Gas and Iron Ore.

In the April newsletter, we look at the consequences of lock-downs and what it means for the E&C sector ― including a fall in contract awards, construction delays, productivity hits and more.

Our top three stock picks for 2020 in the Engineering & Construction sector include Monadelphous (MND), Lycopodium (LYL) and Service Stream (SSM).