AUSENCO WINS COPPER MINE CONTRACT

AUSENCO WINS COPPER MINE CONTRACT

AUSENCO Limited (ASX:AAX) has commenced the next stage of work on one of the largest copper mines in the US.

The Brisbane-based company has conducted a feasibility study at the Rosemont Project in Arizona, after securing the contract with Hudbay Minerals.

Ausenco will provide engineering, procurement and construction management on the project, to develop site infrastructure and processing facilities.

The mine is expected to account for around 10 per cent of copper production in the US.

Ausenco CEO Zimi Meka says the project win demonstrates the group's strong track record of delivering value to Hudbay Minerals and other clients.

"This award builds on the strong relationship established between Hudbay and Ausenco through the successful delivery of Hudbay's Constancia copper project in Peru," Meka says.

"The award strengthens our growing work on hand position, with our clients recognising first-hand our ability to deliver value.

"More broadly, we are currently responding to an increased number of enquiries for resource and energy projects in the Americas and Africa.

"Our strategic footprint, combined with delivering value-added, innovative solutions for clients, has favourably positioned us to increase our market share in these regions."

He says the deal will provide significant benefits to the Tucson community, as the group will utilise local suppliers and contractors.

 

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