AUSENCO WINS CANADIAN CONTRACT

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.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Does your pay structure answer today's challenges?
Partner Content
If you are not reassessing how your organisation remunerates and rewards employees as a...
Aon
Advertisement

Related Stories

Shine launches class action against QSuper

Shine launches class action against QSuper

Members of QSuper have filed a class action against the super fund ...

Nic Blair's digital healthcare startup Midnight Health scores $4m investment from nib

Nic Blair's digital healthcare startup Midnight Health scores $4m investment from nib

Health insurer nib (ASX: NHF) has put its weight behind healthcare ...

Reprieve for EML Payments as Irish regulators allow new customers and programs

Reprieve for EML Payments as Irish regulators allow new customers and programs

The dreaded 'Bank of Ireland Update' has become an ominous ...

GURNER, Qualitas raise $1.2 billion for rent-to-build platform

GURNER, Qualitas raise $1.2 billion for rent-to-build platform

Developer GURNER and alternative real estate investment manager Qua...