Posts Tagged ‘AAX’

ASX Company News: Ausenco Awarded Coal Mining Contract Extension

Tuesday, October 16th, 2012

Ausenco Limited (AAX) has been awarded a $66 million Optimise phase contract to continue providing operation and maintenance services to the coal handling and preparation plant (CHPP) at the Isaac Plains Coal Mine until the end of December 2016. Ausenco has been responsible for the complete operations and maintenance of the CHPP for the past five years, during which time the plant has been lost time injury free.

Ausenco CEO Zimi Meka said the contract renewal reflected Ausenco’s high level of service, strong safety track record and the continuous improvement initiatives implemented which enabled the plant to regularly exceed nameplate capacity. “This contract provides an important source of recurring revenue and will allow us to further grow our asset optimisation and management services, which is a strategic priority for the business,” Mr Meka said. Isaac Plains is owned and operated by a 50:50 joint venture between Ocean Coal Mining Pty Ltd and Vale Australia and is located approximately seven kilometres south east of Moranbah in the Bowen Basin in Central Queensland. The CHPP processes approximately 3.6 Mtpa of raw coal.

Ausenco is a global, diversified engineering and project management company providing services in Minerals & Metals, Process Infrastructure, Program Management, Environment & Sustainability and Energy.

www.ausenco.com.au

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ASX Company News: Ausenco Acquires Rylson Group

Wednesday, August 29th, 2012

Ausenco Limited (AAX) is pleased to announce that it has acquired a 75% equity interest in The Rylson Group, a Queensland based global provider of business improvement and asset management solutions. This acquisition is consistent with Ausenco’s growth strategy and: expands the company’s Optimise phase revenues strengthens Ausenco’s asset optimisation capabilities and offering further increases the company’s sustainable recurring revenue base  is immediately earnings per share accretive.

Ausenco CEO Zimi Meka said that building a stable, growing recurring revenue base remained a strategic priority for Ausenco and the acquisition of The Rylson Group further contributed to achieving this objective. “This strategic acquisition positions Ausenco to further capitalise on the global demand for asset utilisation and productivity improvements as organisations seek ways to extend the life of their assets and reduce costs,” Mr Meka said. The acquisition will form part of Ausenco’s Program Management business and is expected to be earnings accretive immediately.

The initial payment of $4.2 million (for a 75% equity interest in the business) will be funded from Ausenco’s existing cash reserves. The remaining 25% of the business will be acquired by Ausenco in two years, with a further pro-rata payment at that time. The total consideration represents an EBIT multiple of three times forward earnings. Based on the anticipated 2012 earnings contribution from this acquisition, Ausenco has increased its forecast 2012 after-tax earnings to $41.4 million.

Ausenco is a global, diversified engineering and project management company providing services in Minerals & Metals, Process Infrastructure, Program Management, Environment & Sustainability and Energy.

www.ausenco.com.au

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Dividends: Ausenco Ex Dividend On 7/9/2012

Tuesday, August 28th, 2012

Ausenco Limited (AAX) will go ex dividend on 7/9/2012.  The current dividend payment is 10 cents and it is 24% franked.  The record date is 13/9/2012 and the dividend will be paid on 27/9/2012.   Based on the full year payment the dividend yield is 6.2%.

*Current Yield: 3.1%    Franking: 24%    DRP Discount: 2.5%

*Yield has been calculated on the closing price on the 24/8/2012.  Current yield is based on the current dividend payment only.

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ASX Company News: Ausenco Secures Four Year Contract With Orica

Thursday, July 26th, 2012

Ausenco Limited (AAX) announced that it had secured a four year services contract with Orica Limited (ORI) to provide ongoing project support services at the company’s Kooragang Island chemical plant in NSW. Ausenco’s Program Management business will work with Orica as an integrated team to execute a portfolio of work, including the management of major capital expansion works to increase the plant’s annual ammonium nitrate production capacity. The team will also be responsible for managing additional capital works aimed at optimising the operation of the existing assets.

Ausenco CEO Zimi Meka said the contract win further diversified the company’s sector experience and enhanced its recurring revenue stream. “This contract represents a strategic opportunity for Ausenco to continue to expand our services to the chemicals market and we look forward to working closely with the Orica team to enhance the operations at its Kooragang Island plant and building a long term global relationship with Orica,” he said.

Ausenco is a global, diversified engineering and project management company providing services in Minerals & Metals, Process Infrastructure, Program Management, Environment & Sustainability and Energy.

www.ausenco.com

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ASX Company News: Ausenco Secures Three New African Projects

Thursday, March 29th, 2012

Ausenco Limited (AAX) announced the award of three new Create phase EPCM contracts  expanding its reach across Canada and into West Africa. Ausenco’s Process Infrastructure business will deliver these three projects with revenues of $27 million over the next two years.

Ausenco’s CEO Zimi Meka said “Each of these contract awards demonstrates the depth of our service offering and geographic reach of our business. “Our Process Infrastructure business has achieved standout earnings growth this past year and these latest wins further demonstrate the benefits of our diversification strategy and our global reputation for project delivery to underpin further growth.”

Ausenco will deliver on an EPCM basis the Create phase expansion of Cytec Industries Inc.’s CAD125 million phosphine plant in Welland, Ontario, Canada. The expansion is anticipated to double Cytec’s existing phosphine production capacity. This contract builds on Ausenco’s previous involvement in the expansion project, which includes the provision of Innovate phase pre-feasibility and feasibility studies since early 2011. Ausenco will deliver the Create phase (EPCM) contract for the US$75 million upgrade of rail and port infrastructure for TiZir’s Grande Cote Operations SA, Mineral Sands Project in Senegal, West Africa. The project is expected to be completed in September 2013 and builds on Ausenco’ previous work in delivering the Evaluate phase feasibility and early study assessments for the upgrade.

Ausenco is a global, diversified engineering and project management company providing services in Minerals & Metals, Process Infrastructure, Program Management, Environment & Sustainability and Energy. It delivers new and better ways to add value to our clients’ projects no matter how demanding and it delivers results in some of the world’s most challenging environments.

www.ausenco.com

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Dividends: Ausenco Ex Dividend On 15/3/2012

Sunday, March 4th, 2012

Ausenco Limited (AAX) will go ex dividend on 15/3/2012. The current dividend payment is 9.8 cents and it is 35% franked. The record date is 21/3/2012 and the dividend will be paid on 4/4/2012. Based on the full year payment the dividend yield is 3.0%.

*Current Yield: 2.3% Franking: 35% DRP Discount: Not Available

Ausenco Limited

*Yield has been calculated on the closing price on the 3/3/2012. Current yield is based on the current dividend payment only.

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ASX Company News: Ausenco Acquires Reaction Consulting

Wednesday, January 18th, 2012

Ausenco Limited (AAX) announced it had acquired 100% of Reaction Consulting Inc., a Canadian-based specialist provider of engineering services in the SAGD bitumen and oil sands sectors.

Ausenco CEO Zimi Meka said the acquisition would enhance Ausenco’s energy portfolio expertise and provide an immediate strategic local Calgary presence pivotal to North America’s growing oil sands market. “We are committed to growing the Energy business significantly and we anticipate 2012 revenues of between $5 and $7 million from this acquisition. The $3.8 million purchase price will be funded from Ausenco’s existing cash reserves.” Mr Meka said the Reaction team would be integrated into Ausenco’s Energy business line immediately.

Ausenco is a global, diversified engineering and project management company providing services in Minerals & Metals, Process Infrastructure, Program Management, Environment & Sustainability and Energy. We deliver new and better ways to add value to our clients’ projects no matter how demanding and we deliver results in some of the world’s most challenging environments. Listed on the ASX in 2006, our growth strategy is focused on sector, solution and geographic expansion. We operate from 29 offices in 19 countries.

www.ausenco.com

http://www.traderdealer.com.au/fundamentals/aax

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ASX Company News: Ausenco Secues $45 Million Engineering Contract

Thursday, November 10th, 2011

Ausenco Limited (AAX) has been awarded a $45 million Create phase engineering services contract for the US$1.8 billion Bozshakol copper project owned by Kazakhmys plc. Ausenco Minerals and Metals business will be providing engineering services for copper concentrator plant that is estimated to have a throughput of around 28 million tonnes per annum. The Bozshakol copper project is located on a greenfield site near the village of Bozshakol, approximately 220km Northeast of Astana in North Eastern Kazakhstan.

Ausenco CEO Zimi Meka said the contract win further builds the company’s relationship with Kazakhmys and increased its footprint in the high growth region of Central Asia. “We’re excited about the opportunities ahead of us and look forward to working with the owner teams to deliver these important projects.

Ausenco sets high global standards for leading edge engineering and project management services in the resources and energy sectors. We’re a growing company with big ambitions that thrives on reaching into new markets. Across 29 offices in 19 countries, our people seek ingenious solutions for our clients in the Energy, Environment & Sustainability, Minerals & Metals, Process Infrastructure and Program Management sectors.  Kazakhmys plc. is a leading international natural resources group with significant interests in copper, gold, zinc, silver, power generation. It is the largest copper producer in Kazakhstan and one of the top worldwide with 17 operating mines, 10 concentrators and 2 copper smelters. It had revenues of $3.2 billion in 2010 with Group EBITDA (excluding special items) of $2.8 billion. The Group employs some 61,000 people, principally in Kazakhstan.

www.ausenco.com

http://www.traderdealer.com.au/fundamentals/aax

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ASX Company News: Ausenco Awarded $30 million Copper Contract In Kazakhstan

Friday, October 14th, 2011

Ausenco Limited (AAX) has been awarded a $30 million Create phase engineering services contract for the US$1.5 billion Aktogay copper project owned by Kazakhmys plc. Kazakhmys plc. part of the FTSE 100 index, is the world’s 11 largest copper producer managing over 20% of Kazakhstan’s copper supply. Ausenco Mineral & Metals’ role involves the engineering and design of the open-pit mine and once operational it is estimated that the concentrator will produce around 100,000 tonnes of copper concentrate annually.

Ausenco CEO Zimi Meka said “The Ausenco team was excited about working on its first project for Kazakhmys. There is enormous growth potential in Kazakhstan and Kazakhmys in particular has flagged a large expansion program that we want to help deliver.” “This project further adds to our geographic diversification and positions us well to capture future growth opportunities in the mineral rich region of Central Asia.” On 8 September 2011 Ausenco announced it had received a Letter of Intent to deliver two projects worth $70 million in revenue. Aktogay is one of those projects and the contract has now been signed. Ausenco will commence work on this project immediately.

Ausenco sets high global standards for leading edge engineering and project management services in the resources and energy sectors. It is a growing company with big ambitions that thrives on reaching into new markets. Across 29 offices in 19 countries, our people seek ingenious solutions for our clients in the Energy, Environment & Sustainability, Minerals & Metals, Process Infrastructure and Program Management sectors. It is inspired to make a genuine positive impact on the world around us and in the communities in which it operates. Kazakhmys plc. is a leading international natural resources group with significant interests in copper, gold, zinc, silver, power generation. It is the largest copper producer in Kazakhstan and one of the top worldwide with 17 operating mines, 10 concentrators and 2 copper smelters. It had revenues of $3.2 billion in 2010 with Group EBITDA (excluding special items) of $2.8 billion. The Group employs some 61,000 people, principally in Kazakhstan.

www.ausenco.com

http://www.traderdealer.com.au/fundamentals/aax

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ASX Company News: Ausenco Awarded Coal Mine Restart Contract

Thursday, September 15th, 2011

Ausenco Limited (AAX) announced the award of a Create phase (EPCM) contract to 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 project, which is expected to be worth up to $20 million in revenue to the group. Should the development proceed through the permitting and approval process, anticipated in early 2012, Ausenco could gain an additional $19 million in revenue from the project. 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’s Process Infrastructure business line is managing the project, which is due for completion in 2013.

Ausenco CEO Zimi Meka said 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 said. 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 sets high global standards for leading edge engineering and project management services in the resources and energy sectors. It is a growing company with big ambitions that thrives on reaching into new markets. Across 30 offices in 19 countries, it seeks ingenious solutions for our clients in the Energy, Environment & Sustainability, Minerals & Metals, Process Infrastructure and Program Management sectors.

www.ausenco.com.au

http://www.traderdealer.com.au/fundamentals/aax

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