Terra Nova Technologies

Wood agreed to sell its Terra Nova Technologies conveying and material handling business to Cementation Americas, owned by Murray & Roberts, for expected cash proceeds of $38 million. Closing is expected in the June quarter of 2019.

Murray & Roberts, through its Cementation Americas unit, acquired 100% of Terra Nova Technologies for US$38 million. TNT designs and supplies overland conveyors, crushing systems, and stacking systems for mining.

Wood secured a multi-million dollar contract from Evolution Midstream to provide civil and mechanical construction services for the Jewell gas plant in the South Powder River Basin of central Wyoming. The article was published in October 2018.

Terra Nova Technologies (TNT) is installing a portable conveying and stacking system at Nordgold's Gross open-pit heap leach project in Yakutia, Russia. The contract covers design and supply of overland conveyors and mobile stacking systems.