Primero

Primero

Global EPC delivers turnkey mineral projects

Overview

Primero is a multinational EPC contractor that delivers turnkey projects in mineral processing, energy, iron ore, and non-process infrastructure. It operates with a vertically integrated model, handling test work, design, engineering, procurement, construction, and ongoing maintenance in-house. Primero earns revenue from engineering, procurement, construction, and maintenance contracts to enable end-to-end project delivery, backed by NRW Holdings. It also runs apprenticeship programs to develop skilled workers and aims to provide reliable, integrated project delivery for global resource projects.

About Primero

Simplify's Rating
Why Primero is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Energy

Company Size

501-1,000

Company Stage

Seed

Total Funding

$800K

Headquarters

Osborne, Australia

Founded

2011

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Simplify's Take

What believers are saying

  • NRW's FY26 half-year showed Primero revenue growth from KCGM and Rio mobilization.
  • Caravel appointed Primero EPCM in August 2025, expanding copper exposure near Perth.
  • Rio's March and May 2025 awards deepen a repeat-client pipeline through December 2026.

What critics are saying

  • Wärtsilä's confidential settlement cost Primero A$25 million, exposing execution and claims risk.
  • KCGM, Hope Downs 1, and Caravel concentrate revenue on mining capital spending cycles.
  • Delayed Rio approvals or Northern Star slippage would compress 2026 backlog conversion.

What makes Primero unique

  • NRW-owned Primero won Rio Tinto Hope Downs 1 NPI work in May 2025.
  • Primero still executes Northern Star's A$973 million KCGM expansion through Q3 2026.
  • Primero combines EPCM, EPC, and construction across minerals, energy, and NPI.

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Funding

Total Funding

$800k

Below

Industry Average

Funded Over

1 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Below Average

Industry standards

$3.3M
$1.5M
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$2M
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$2.3M
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$3M
Robinhood

Benefits

Health Insurance

Paid Sick Leave

Hybrid Work Options

Paid Parental Leave

Benefits & Discounts

Employee Referral Rewards

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

0%

2 year growth

1%
Colitco
Aug 28th, 2025
Caravel Minerals Appoints Primero as EPCM for Caravel Copper Project

Caravel Minerals Limited has selected the EPCM contractor, the 'Primero Group Limited', for the Caravel Copper Project in Western Australia where the project is set to operate.

Mining Monthly
Aug 14th, 2023
Australian-made vanadium electrolyte on the cards

NRW Holdings-subsidiary Primero Group has started building Australian Vanadium's vanadium electrolyte manufacturing facility in the northern Perth suburb of Wangara, as part of a recently awarded engineering, procurement and construction contract.

Australian Manufacturing
Aug 14th, 2023
Construction underway for vanadium electrolyte manufacturing facility in WA

Australian Vanadium Limited has signed an engineering, procurement and construction (EPC) contract for engineering group Primero Group to undertake the construction of the firm's vanadium electrolyte facility in Western Australia.

The West Australian
Jul 3rd, 2023
Primero Group wins $973m contract for massive KCGM Fimiston mill expansion | The West Australian

Northern Star Resources has awarded a $973 million engineering, procurement and construction contract to Primero Group for its $1.5 billion KCGM Fimiston mill expansion.

International Mining
Jul 3rd, 2023
NRW's Primero Group awarded major EPC contract for KCGM Growth Project

NRW Holdings says its wholly owned subsidiary Primero Group Limited has entered into an EPC contract with Northern Star Resources Limited for its KCGM Growth Project in Kalgoorlie, Western Australia.

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