SEDGMAN SECURES MULTI-MILLION DOLLAR CONTRACT

Written on the 27 May 2014

SEDGMAN SECURES MULTI-MILLION DOLLAR CONTRACT

SEDGMAN Limited (ASX: SDM) has been awarded a US$134 million engineering, procurement and construction contract for the Guyana Goldfields Aurora Gold Project.

A joint venture between Sedgman and South American constructor Graña y Montero (GyM) underpins the multi-million dollar project’s execution.

Sedgman CEO and managing director Nick Jukes (pictured) says the team will combine industry expertise and essential area familiarity in execution of the contract.

“This is the first major project to be delivered via the GSJV (GyM Sedgman joint venture) which combines Sedgman’s robust process knowledge and operational experience with GyM’s local construction knowledge,” says Jukes.

“The GSJV will use proven technology together with local experience to deliver the Aurora Project in Guyana on time, on budget and safely for Guyana Goldfields.”

Jukes says this marks a significant win for the company given the current state of the market.

Set to reach commercial production by mid-2015, the project is expected to generate 194,000 ounces of gold annually over an initial 17 year mine life. 

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