R/€ = 14.79 Change: 0.02
R/$ = 12.63 Change: -0.05
Au 1294.85 $/oz Change: 1.97
Pt 906.50 $/oz Change: 4.81


M&R hopes to convince ATON of commercial merits of Aveng tie-up

By: Terence Creamer     18th May 2018 Murray & Roberts (M&R) CEO Henry Laas says he will make every effort to convince its largest shareholder ATON – the German family-owned business, which owns 39% of the company and which has made a firm offer to acquire majority control of the South African engineering and construction group – of... 

M&R’s oil and gas unit turns to ‘complementary markets’ amid project slowdown

By: Terence Creamer     1st March 2018 The oil and gas unit of engineering and construction group Murray & Roberts (M&R) is actively pursuing projects in “complementary markets”, owing to a slowdown in new project activity in the Australasian oil and gas sector. The value of M&R’s oil and gas order book has fallen to below R4-billion,... 

M&R homes in on US construction acquisition

By: Terence Creamer     24th August 2017 Restructured engineering and construction group Murray & Roberts (M&R), which offers project lifecycle services in selected natural resources markets globally, is actively pursuing a US acquisition, which it hopes to consummate during the company’s 2018 financial year. CEO Henry Laas tells... 

M&R says Australia maintenance contract a signal of future strategic intent

By: Terence Creamer     10th August 2017 The oil and gas unit of Murray & Roberts (M&R) has been awarded a five-year contract to perform maintenance services at a liquid ammonia plant and a technical ammonium nitrate (TAN) plant on the Burrup Peninsula, in Western Australia. Norway’s Yara International, which owns the facilities,... 

New-look M&R to transfer listing to Diversified Industrials board from Heavy Construction

By: Terence Creamer     20th February 2017 Murray & Roberts (M&R) has confirmed that its application to transfer its listing from the ‘Construction and Materials’ sector of the JSE to the ‘General Industrials’ sector has been approved and that the change will become effective from Monday, March 20. From that date, the company will trade... 

Despite commodity slump, M&R bets future on resources 

By: Terence Creamer     25th August 2016 Murray & Roberts (M&R) CEO Henry Laas says the decision to sell its infrastructure and building unit, as well as Genrec, to create a multinational project company focused on oil and gas, underground mining, as well as power and water has created an entity that no longer fits neatly within the... 

M&R subsidiary buys project, construction management group

By: Natalie Greve     6th January 2016 Murray & Roberts (M&R) subsidiary Cementation Canada has completed the acquisition of project and construction management services group Merit Consultants International. Merit has worked with global clients in the mining and resource industry, successfully participating in projects in the US,... 

M&R’s Clough snaps up Canadian EPC project delivery company

By: Natalie Greve     14th October 2015 Australia-based oil and gas engineering and construction company and wholly-owned Murray & Roberts (M&R) subsidiary Clough has acquired Canadian engineering services company Enercore Projects, establishing Clough’s Canadian engineering, procurement and construction (EPC) project delivery arm. The... 

M&R holds line on resources-focused strategy despite commodity meltdown

By: Terence Creamer     27th August 2015 Engineering and construction group Murray & Roberts (M&R) says it has no intention of shifting its strategy away from the international natural resources market, notwithstanding the prevailing weak climate for commodities and a bleak immediate outlook. Speaking to investors on Thursday, CEO Henry... 

M&R Cementation bags R4.8bn Kalagadi Manganese mining contract

By: Natalie Greve     10th June 2015 Mining contractor Murray & Roberts Cementation has been awarded a R4.8-billion, five-year mining contract for the Kalagadi Manganese operation, in the Kalahari basin. The three farms on which the mineral explorer held new-order mining rights were believed to hold some 960-million tons of... 

M&R accelerates Clough’s globalisation as Australian LNG workflow tapers

By: Terence Creamer     26th February 2015 Engineering and construction group Murray & Roberts (M&R) has signalled its intention to accelerate the internationalisation of its Australia-based oil and gas unit, Clough – a strategy underpinned by a dramatic tapering off of greenfield liquefied natural gas (LNG) megaprojects in Australia and... 

Murray & Roberts awarded mammoth R2.6bn Venetia mine contract

By: Natalie Greve     22nd July 2014 In what could be the single-largest contract awarded to construction major Murray & Roberts (M&R) since the Eskom power build programme, M&R subsidiary M&R Cementation has secured a R2.6-billion contract to develop an underground mine beneath diamond major De Beers’ openpit Venetia mine, in... 

Murray & Roberts Sets Up A Permanent Presence In Zambia

6th December 2013 Murray & Roberts officially opened its new offices in Kitwe, Zambia, in early November 2013, establishing a permanent operational base from which to support projects both in Zambia and in other key areas of the Central African infrastructure and mineral resources arenas. Allan Widlake, Murray &... 

Company Annoucements:Murray & Roberts sets its sights on African expansion

By: Creamer Media Reporter      15th October 2013 Mining, energy and infrastructure yield big opportunities for growth In November this year, South African construction and engineering company Murray & Roberts will add Mozambique to the list of African countries where it has a permanent presence. This follows operations opened in Ghana and... 

With recovery year done, M&R seeks growth in mining, oil and gas

By: Irma Venter     31st August 2012 Construction group Murray & Roberts has concluded the recovery year of its three-year recovery and growth strategy, says CEO Henry Laas. With the 2013 and 2014 financial years now labelled as growth years, he warns, however, that there is no “remarkable recovery” envisaged in the construction... 

M&R says it’s not overly exposed to culled mining project pipeline

By: Terence Creamer     30th August 2012 JSE-listed construction and engineering group Murray & Roberts (M&R), which is increasingly pinning its fortunes to continued growth in the mining, oil and gas sectors, moved to assure investors on Thursday that it was not overly exposed to some of the recently announced mining-project cutbacks.... 


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