HDR Acquires Salva Resources
(April 2, 2013) - HDR has acquired Salva Resources, a global provider of key technical and commercial services for mining exploration and investment. The acquisition includes both Salva Resources' exploration and mining consultancy and Salva Reports' commodity analysis group. Salva Resources has more than 200 employees in Australia, India, Indonesia, Mongolia and the United Kingdom. Going forward, Salva Resources will do business as HDR|Salva. Financial terms of the agreement were not disclosed.
"Salva professionals are greatly respected throughout the mining industry, and we couldn't be more pleased they decided to join HDR. Their talents mesh perfectly with our goals of strengthening our mining/resources practice and global presence," said Eric L. Keen, HDR Engineering, Inc. president. "Just as importantly, their values and commitment to their clients mirror HDR's client-driven philosophy."
Salva Resources' Managing Director, Lachlan Broadfoot, said, "We are very excited that this acquisition solidifies Salva's international growth strategy. Collaborating with HDR enables Salva to offer our clients additional services, including turnkey pit-to-port solutions. Moreover, this acquisition recognises Australia being at the forefront of providing world-class mining capabilities."
Broadfoot joins HDR as the engineering operating company's mining sector director. Lindsay Crutch joins HDR as HDR|Salva operations director. Both of them will work closely with David Bell, HDR's managing director in Australia. HDR's other Australian operations include HDR|DKS, which joined HDR in July 2012.
HDR is a global employee-owned firm providing architecture, engineering, consulting, construction and related services through our various operating companies. Our more than 8,000 professionals are committed to helping clients manage complex projects and make sound decisions.
About SALVA RESOURCES
Salva Resources is a global exploration, mining and commodities consultant With offices located in Australia, India, Indonesia, the United Kingdom and Mongolia. Salva's international team provides leading technical and commercial advice to the world's major exploration, mining and investment firms.
Salva Resources' consultancy team performs resource modeling, mine planning, due diligence studies, safety, environmental management and commodity market services. Salva Resources also specialises in the Exploration (Pre-Construction) phase of resource development, providing a 'turn-key' solution to all exploration activities. For more information, visit www.hdrsalva.com.
About SALVA REPORT
Salva Report provides commodity focused publications, consulting and analysis for leading mining and investment organisations around the globe. Salva Report's team is comprised of 20 consultants and analysts with dedicated experience in the iron ore, coal, metals, power, steel and infrastructure sectors. Salva Report covers all aspects of these sectors, including industry analysis, demand and supply forecasting, policy and regulatory assessment, supply chain analysis and price forecasting. For more information, visit www.salvareport.com.