AUSENCO WINS CANADIAN CONTRACT

Written on the 15 September 2011

AUSENCO WINS CANADIAN CONTRACT

AUSENCO will deliver the development plan for the potential re-start of Teck Resources Limited’s Quintette coal mine in northern British Columbia, Canada.

Ausenco has already commenced work on the initial stages of the $20million project and with further development approvals will net an additional $19 million in revenue.

The contract involves detailed engineering design of the facility, procurement of materials and equipment, project and construction management and pre-commissioning of the mine.

Ausenco CEO Zimi Meka (pictured) says the new contract built on Ausenco’s previous work on the project, including the feasibility study and early engineering work.

“We have a strong working relationship with Teck Resources through our Vancouver based team and look forward to continuing to work with the team to deliver this important project,” he says.

The Quintette coal mine is located in British Colombia, Canada on the eastern side of the Rocky Mountain range and previously operated from 1982 to 2000.

Ausenco (AAX) shares are trading slightly up at $2.50.


Latest News

STAFF CHURN BLAMED FOR MCGRATH EARNINGS DOWNGRADE

MCGRATH will fail to meet earnings forecasts after some of its star real estate agents defected to growing Perth firm...

MCBAIN RESIGNS AS BELLAMY'S DIRECTOR WHILE THIRD CLASS ACTION MOVES CLOSER TO SECURING FUNDING

LAURA McBain (pictured) has resigned as a director of Bellamy's Organic (ASX: BAL) today, effective immediatel...

REDBUBBLE TO MISS IPO FORECASTS

REDBUBBLE, the online marketplace for independent artists, will miss a series of forecasts set out in its IPO in its ...

BLUESCOPE CONTINUES STRONG RUN WITH GUIDANCE UPGRADE

BLUESCOPE Steel (ASX: BSL) is trading up 7.51 per cent at $11.16 per share after upgrading its half-year guidance thi...

Related News

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter