VDM subsidiary wins AUD 60 million in contracts

June 11, 2008

June 11th (Steel Guru) – VDM Group Ltd’s Western Australian subsidiary, Wylie & Skene Pty Ltd has been awarded five new contracts totaling some AUD 60 million. Three of the contracts awarded to the company come from mining major Rio Tinto Ltd, where Wylie & Skene will design and construct central facilities, an administration building and a warehouse.

These projects are summarized below

1. Sino Iron Ore Project Accommodation Village
This project for MCC Mining Pty Ltd involves the construction of a 600 man accommodation village facility at the Sino Iron Ore Project at Cape Preston in Western Australia. The facility comprises accommodation units, staff canteens, a tavern, a gymnasium and associated facilities for the area. It is expected that the project will be completed by February 2009.

2. Brockman 4 Central Facilities
This project for Rio Tinto involves the design and construction of central facilities, comprising staff restaurants, kitchens, a gymnasium, a tavern and associated facilities. It is expected that the project will be completed by March 2009.

3. Brockman 4 Administration Building
This project for Rio Tinto involves the design and construction of a steel-framed administration building. It is expected that the project will be completed by March 2009.

4. Brockman 4 Workhouse Facility
This project for Rio Tinto involves the design and construction of a steel-framed warehouse facility. It is expected that the project will be completed by February 2009.

5. Newman Airport Terminal
This project for the Shire of East Pilbara involves the design and construction of a 900 square meter airport terminal building at Newman. The new terminal will provide state of the art facilities as a gateway to the centre of the iron ore mining industry in the region. It is expected that the project will be completed by December 2008.

Mr Malcolm Wylie GM of Wylie & Skene said that “Being awarded these five new projects reflects Wylie & Skene’s long-term commitment to the Pilbara region in association with our clients such as Rio Tinto. Wylie & Skene is particularly pleased to be involved during the beginning of the Sino Iron Ore Project and expects an increasing involvement in this new major iron ore project.”

Mr John Farrell CEO of VDM Group said that “The five new contracts will underpin Wylie & Skene’s 2009 revenues. Wylie & Skene’s order book for 2009 at this point in time is better than the equivalent period in last year with ongoing tender activity being maintained at very high levels which provides us with further optimism.”

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