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Lyn Downing and Debbie Harding (both Techserve) Jo-Anne Burke, DB Scaffolding; Susan McGuire, Mayogroup mining Construction csg (L-R) Mastermyne CEO and RIN Chair, Tony Caruso, was honoured on the night with the Tony Britton award for outstanding dedication and enthusiasm to the resource services sector. He was presented with the award by the late Tony Brit. dragline (L-R) Matthew Perre(Helloworld) , Stacey Cole, (Helloworld) Craig Wood and Debra Wood (SEW Eurodrive). (L-R) Frank Gilbert, Raj Guruswamy (Adani), Julianne Gilbert MP (Member for Mackay) and Garry Scanlan (Greater Whitsunday Alliance). (L-R) Ian Gray, Annetta Gray (G&S Engineering), Phil Geach and Elle Geach (Werner Engineering). Aboutusgeneric_2 St Vincent’s Private Hospital Toowoomba RObbie Falconer and Paula McDonald mine Aboutusgenericimage_3 Suzanne Brown and Scott McSwann (McKays Solicitors)
Lyn Downing and Debbie Harding (both Techserve) Jo-Anne Burke, DB Scaffolding; Susan McGuire, Mayogroup mining Construction csg (L-R) Mastermyne CEO and RIN Chair, Tony Caruso, was honoured on the night with the Tony Britton award for outstanding dedication and enthusiasm to the resource services sector. He was presented with the award by the late Tony Brit. dragline (L-R) Matthew Perre(Helloworld) , Stacey Cole, (Helloworld) Craig Wood and Debra Wood (SEW Eurodrive). (L-R) Frank Gilbert, Raj Guruswamy (Adani), Julianne Gilbert MP (Member for Mackay) and Garry Scanlan (Greater Whitsunday Alliance). (L-R) Ian Gray, Annetta Gray (G&S Engineering), Phil Geach and Elle Geach (Werner Engineering). Aboutusgeneric_2 St Vincent’s Private Hospital Toowoomba RObbie Falconer and Paula McDonald mine

Sedgman employees safe?
CIMIC says Thiess and Sedgman to co-exist if takeover successful.
Wednesday 20 January 2016  

CIMIC (formerly known as Leighton Holdings ) has indicated Sedgman’s staff and brand will be retained, should they successfully take over the business.

In a Supplementary Bidder’s Statement, CIMIC outlined its plans for mining contractor Sedgman, should shareholders in Sedgman accept the proposed takeover offer made last week.

“CIMIC’s intentions are to reconstitute the Sedgman board, review the dividend and capital management policies and continue with plans for increasing market and commodity diversification,” CIMIC said.

“CIMIC intends to retain the services of Sedgman's current operational employees in the ordinary course, and in cases where particular roles may no longer be required, CIMIC will attempt to identify opportunities for alternative employment within the CIMIC Group.

“CIMIC recognises the value of Sedgman's employees, brand and operations, and as a consequence, it intends to continue the business of Sedgman.”

Two of the Bowen Basin’s biggest mining contractors could become a single entity after

CIMIC made an off-market cash offer of $243 million for Sedgman a week ago.

CIMIC is the parent company of Thiess contractors - the largest mining contractor in the world - with significant mining projects in the Bowen Basin.

Sedgman, currently has contracts at Daunia, Coppabella, Dawson, Caval Ridge, Lake Vermont, and Moorvale mines.

CIMIC currently holds a 37 per cent stake in Sedgman, but the new offer would see it buy up the remainder of the company.

The CIMIC offer represents a 35 per cent premium to Sedgman’s last traded price of 79c per share.

The board of Sedgman has asked shareholders not to take any action for now.

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