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

EVERYTHING YOU NEED TO KNOW ABOUT THE NATIONAL BROADBAND NETWORK

THE National Broadband Network (NBN) is more than an internet connection, it is an opportunity to transform your b...

VOLATILE INDUSTRY CLIPS FLIGHT CENTRE'S WINGS

DESPITE achieving record sales in the first half, Flight Centre Travel Group (ASX: FLT) profit has suffered the ef...

ARDENT TAKES $95.2 MILLION HIT FROM DREAMWORLD TRAGEDY

ARDENT Leisure has taken a $95.2 million write-down on the value of its Dreamworld theme park following the tragedy t...

AGENT EXITS, LOW LISTINGS HURT MCGRATH

PROFITS have dived 72 per cent at real estate group McGrath (ASX:MEA) to $2.4 milllion on the back of low property...

Related News

EVERYTHING YOU NEED TO KNOW ABOUT THE NATIONAL BROADBAND NETWORK

THE National Broadband Network (NBN) is more than an internet connection, it is an opportunity to transform your b...

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter