Forging ahead in west

Forge Group and its joint-venture partners were awarded a $1.5 billion construction contract for Gina Rinehart’s Roy Hill iron ore mine in the Pilbara.

Forge Group and Spanish contractor Duro Felguera have signed a deal to deliver the Roy Hill processing facility as part of the wider project.

The processing facility deal is worth $830 million to Forge Group.

The $830 million processing facility contract boosts Forge Group’s order book to $2.1 billion.

Roy Hill is located in the Pilbara region of Western Australia, a major iron ore mining area, making the project strategically important within Australia’s mining sector.

The article names Forge Group, its joint-venture partners and Spanish contractor Duro Felguera as parties involved in the Roy Hill construction and processing facility agreements.

For everyday investors, the $1.5 billion contract and the $830 million processing-facility component signal a meaningful infusion of work that raises Forge Group’s confirmed order book to $2.1 billion, improving near-term revenue visibility—though investors should still consider other company and market factors before making decisions.

Yes — the contract is for Gina Rinehart’s Roy Hill iron ore mine, a high-profile project in the Australian mining industry mentioned in the article.