Henry Walker Eltin Group (HWE)

Shares / Stock Code

HWE

Stock Exchange / Sharemarket

Australian Securities Exchange

Henry Walker Eltin Group (HWE) was a contracting, transport services and environmental and land management company. Its outlook was looking decidedly bleak ahead of its slide into voluntary administration. The majority of HWE's businesses have been, or are in the process of being, sold. We have now ceased coverage on the company.

During the fiscal year ended June 30, 2004 (fiscal 2004), HWE had over 30 different projects. The Company has 11 associate companies and three joint ventures, including Bayview Haven, a land developer; Roche Eltin, a mining services company, and HWE-Clough, a civil engineering company.

HWE was, ahead of its fall from grace, Australia's second largest contract miner with principal exposure to gold, base metals, iron ore and coal sectors. The group had operations in Australia, Indonesia, the Americas and Africa.

HWE's client base included BHP Iron Ore, OneSteel, Portman Mining, Anglo Coal, Goldfields, Normandy, WMC Resources, St. Barbara Mines, Murchison United, Department of Transport (QLD). Competitors included Leighton Holdings, Downer EDI and Clough.

Henry Walker Eltin Group History

Henry Walker began in 1962 as a civil engineering contractor and entered contract mining in 1987. Eltin was created as an underground mining contractor in 1980 and became Australia's largest specialist contract mining company. HWE was formed with the merging of Henry Walker Group and Eltin in May 1999. The acquisition of Simon Engineering in May 2000 added capabilities in several segments, including electrical and mechanical engineering. It was suspended from official quotation in early 2005.

Henry Walker Eltin Group (HWE) Products and Services

  • Contract mining; civil engineering; land development; motor vehicle, truck, mining plant and agricultural machinery sales and service; and aircraft maintenance and spare parts sales

Henry Walker Eltin Group (HWE) Locations and Subsidiaries

Henry Walker Eltin Group Head Office
Level 3, 13-15 Lyonpark Road,
NORTH RYDE, NSW 2113
Phone: (02) 9887 7800
Fax: (02) 9887 6352

Henry Walker Eltin Group (HWE) Share Price

Submitted by ASX Listed Company on 17 April, 2010 - 00:59

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