The ASX listed diversified infrastructure services company born out of Australia's greatest engineering challenge, the Snowy Mountains Hydro-electric Scheme, in 1961, SRG Global has secured significant contracts worth A$700 million ($455.35 million) with some of Australia's leading mining companies, including South32, Roy Hill, Pilbara Minerals, and Glencore, spanning multiple sectors.
Among the highlights is a five-year contract with South32, set to begin immediately. SRG will provide maintenance and civil services at South32's Worsley bauxite and alumina operations in Western Australia's southwest, focusing on enhancing bauxite residue disposal area embankments.
AL Circle's industry-focused report, "A Comprehensive Analysis of Bauxite Residue - Red Mud", stated that it is estimated that across the world, 177.3 million tonnes of red mud was generated in 2023 against an alumina production of 141.8 million tonnes. Only 2-5 per cent of the total red mud generated annually is being utilised as a saleable by-product since most of it is sent to the tailing dams. Worldwide, it is estimated that more than 4 billion tonnes of red mud had been accumulated in various legacy and active tailing dams.
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