Ausenco awarded $9.6m EPCM contract
Ausenco Limited (AAX) said it has been awarded a $9.6 million Engineering, Procurement and Construction Management (EPCM) contract for the magnetite extraction plant at Xstrata Copper’s Ernest Henry Mining (“EHM”) operation located in north west Queensland. The diversified engineering services and project management group said the plant forms part of Xstrata’s $589 million development of the underground mine and magnetite processing operation.
Ausenco said construction of the plant would be undertaken during 2010 with commissioning expected in early 2011.
CEO, Zimi Meka, said the company’s relationship with Xstrata started with the Copper Concentrator Expansion project at Mt Isa in 2002.
The company said EHM currently has an annual production capacity of 90,000 metric tonnes of copper in concentrate and 110,000 ounces of gold in concentrate, while the magnetite processing operation would produce approximately 1.2 million tonnes of magnetite per annum.
As at 1007 AEDT, Ausenco shares were up 4c to $3.95.
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