ENERGY DEVELOPMENTS EXTENDS MINE CONTRACT

Written on the 9 September 2014

ENERGY DEVELOPMENTS EXTENDS MINE CONTRACT

ENERGY Developments Limited (ASX:ENE) has extended its contract with AngloGold Ashanti Australia Limited (AGA) to supply power at its Sunrise Dam Mine.

ENE’s power station capacity will increase by six megawatts to 27MW, extending the contract by 10 years to the end of December 2025.

The energy provider will replace diesel generation with high efficiency medium speed gas generators.

Construction on the new power station facility will coincide with the development of a new gas pipeline, to minimise disruption.

The power station is expected to be operational by the end of 2015.

Managing director Greg Pritchard says the announcement is a testament to the enduring relationship between the two companies.

“The relationship between Energy Developments Limited and AngloGold Ashanti encompasses over 20 years of partnership,” Pritchard says.

“We are delighted to secure the expansion and extension of existing arrangements to meet the current and future energy needs of the Sunrise Dam Mine.”

The Sunrise Dam Mine is located in Western Australia and produces 270,000 ounces of gold annually.


Latest News

EXCLUSIVE INTERVIEW: MEGAPORT CEO VINCENT ENGLISH ON GLOBAL EXPANSION AND HOW TO SCALE UP A BUSINESS

THE RAPID expansion of Megaport (ASX: MP1) continues with the Brisbane-based company announcing a major partnership d...

BRISBANE ENTREPRENEUR BREAKS BARRIERS IN ECO-BUSINESS

TRACEY Bailey believes that if every person understood the true social and environmental cost of every product the...

DOMINO'S PIZZA EMPLOYEES OFFERED A SLICE OF THE PIE

DOMINO'S Pizza (ASX: DMP) has launched an employee share acquisition plan which will give its 26,000 staff the...

WOOLWORTHS CLAIMS LEGAL VICTORY IN STOUSH WITH LOWE'S

SUPERMARKET giant Woolworths (ASX: WOW) has been given the go-ahead to sell its Masters property assets after winn...

Related News

FURNITURE DISRUPTOR SET TO SHARE HIS ONE OF A KIND BUSINESS MODEL

IT'S no secret that Australians love homemaking. Their ceaseless quest to create the perfect place to call hom...

WEEDING OUT THE ASX'S BURGEONING CANNABIS TREND: 8 COMPANIES TO WATCH

A NICHE is budding on the ASX in the form of medical cannabis, an industry which has been on the country's rad...

FRESH CLASS ACTION TO REVEAL ANOTHER SIDE OF SLATER AND GORDON DOWNFALL

ACA LAWYERS has issued a formal letter of demand to Andrew Grech (pictured), managing director of Slater and Gordo...

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she m...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter