Ausenco Limited
Ausenco Limited
Full text is available to Level 2 subscribers only
Subscribe to Mining Business Media
Full access to Mining Business Media's unique blend of global mining sector news and commentary is available by subscription only.
$A275.00 per year*
(*up to 10 users)
GST included in Australia
Direct debit/cheque/credit card:
Click here
Subscription inquiries, email subscribe@miningbusiness.net or call 61+413 772 044.
Related Content
Ausenco and strategic alliance partner Duro Felguera have won the EPC contract for Royal’s Dumont nickel project in Québec, Canada.
Their MOU sets a $C911M cap on the planned open-book contract for a forecast 30-year mine life at the 7Blb Dumont project, predicted to be the world’s fifth largest nickel-sulphide mine.
An update of the cost and revenue estimates for the Touquoy gold project in Nova Scotia, Canada has reaffirmed the viability of the proposed 84,000oz pa operation for Australian owner Atlantic Gold.
Ausenco has been awarded the FEED contract for the Phase 2 expansion of the Tonkolili iron ore project in Sierra Leone.
African Minerals aims to begin production of 10Mtpa premium grade 64% hematite concentrate from 2016 alongside 20Mtpa DSO production at Tonkolil.
African Minerals has appointed Australian-based engineer/project manager Ausenco to undertake front end engineering and design for Phase 2 expansion of its Tonkolili iron ore project in Sierra Leone
Bandanna Energy has appointed Australian engineering services company Ausenco to provide project management and engineering support services for its Springsure Creek coal project in Queensland’s Bowen Basin.
Ausenco will deliver an engineered budget, schedule and execution plan to allow Bandanna to finalise the design and capital cost of the advanced thermal coal project by June 30.
Springsure Creek’s estimated $A743M first stage involves a single underground longwall with 5.5Mtpa production capacity.
Karara Mining has called in engineer Ausenco to help overcome problems at its iron ore mine in the Mid West region of Western Australia, 200km east of Geraldton.
The Gindalbie Metals-AnSteel joint venture company is implementing plans forecast to take up to 12 months to overcome bottlenecks preventing the mine from reaching nameplate capacity despite expensive measures to overcome ramp-up delays.
Mining services company Bis Industries, owned by KKR & Co, has called off a planned $A500M ($US456M) IPO, underscoring the grim prospects for Australia's resource sector in an otherwise buoyant market for stock offerings.
The decision by KKR comes after investors hammered the shares of mining and energy services companies following several profit warnings over the past few weeks due to the poor outlook for new projects and exploration spending as demand for resources moderates.
Resources sector fear and loathing has seen prominent mining services company Bis Industries drop its $500M IPO. Sonali Paul reports.
Ausenco has blamed the falling volume of new business in the last three months for a 66% decline in underlying earnings to $A6.9M in the half year ending June 2013 (H1).
The Australian-based engineering services company’s CEO Zimi Meka says challenging market conditions in the Asia Pacific and African regions lowered margins and significantly reduced scopes of work and revenues on some contracts.
The company also incurred $6M in extra costs due to underperforming contracts.
Australian explorer Hot Chili is negotiating nearby treatment of its Productora Copper Project ore in Chile to secure an early revenue stream and cut start-up capital requirements.
The company has signed a non-binding LoI to negotiate an oxide processing option with Chilean state mining company Empresa Nacional de Minería (ENAMI).