Posts Tagged ‘AAX’

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

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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

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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

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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

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ASX Company News: Ausenco Secures Peru Copper Mine Engineering Contract

Friday, June 3rd, 2011

Ausenco Limited (AAX) has been awarded a Front End Engineering and Design (FEED) contract for the Constancia copper project in Peru owned by HudBay Minerals Inc.. HudBay estimates the current cost of development to be US$920 million.

Ausenco CEO Zimi Meka said “Our team has worked closely with HudBay throughout the past 12 months to optimise key elements of this important project and the award is a pleasing confirmation of the innovative solutions delivered as part of the initial study. “Following the completion of this Innovate phase by early 2012, and subject to HudBay Board approval at that time, we look forward to continuing our work with HudBay to develop the mine, plant and infrastructure for anticipated full production commencing in 2016. “This win further builds our profile in the high growth region of South America, which is a key target area for our future growth.”

Ausenco sets high global standards for leading edge engineering and project management services in the resources and energy sectors. Across 32 offices in 20 countries, it seeks ingenious solutions for its clients in the Energy, Environment & Sustainability, Minerals & Metals, Process Infrastructure and Program Management sectors. We’re inspired to make a genuine positive impact on the world around us and in the communities in which we operate. HudBay Minerals Inc. is a Canadian integrated mining company with assets in North and Central America principally focused on the discovery, production and marketing of base and precious metals. The company’s objective is to maximize shareholder value through efficient operations, organic growth and accretive acquisitions, while maintaining its financial strength.

www.ausenco.com

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ASX Company News: Ausenco Secures Engineering Contract

Tuesday, May 17th, 2011

Ausenco Limited (AAX) has been awarded a US$7 million contract to deliver the detailed engineering for a 401 kilometre iron ore pipeline for Samarco Mineração S. A. The iron concentrate slurry pipeline is part of Samarco’s expansion and will be the third pipeline for the project. The third pipeline will link the Germano mine in Mariana, Brazil to the industrial complex at Ubú, Brazil and will have a nominal capacity of 20 mtpa. The third pipeline is due for completion by early 2014.

Samarco is a privately held Brazilian mining company, owned by BHP Billiton and Vale S.A.. Samarco produces 22.250 million tons of iron ore pellets annually, and is the second largest exporter on the seaborne iron ore pellet market in the world.

Ausenco CEO Zimi Meka said he was pleased to build on the long standing relationship his company had enjoyed with Samarco to deliver this strategically important project. “The Ausenco PSI team has a great relationship with Samarco, having participated in the design their first two pipelines which are currently the largest in the world in operation,” he said. “This contract further extends our footprint in the high growth region of South America and builds on the momentum of project wins we’ve enjoyed during the past six months.”

Ausenco sets high global standards for leading edge engineering and project management services in the resources and energy sectors. It’s a growing company with big ambitions that thrives on reaching into new markets.

www.ausenco.com

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

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ASX Company News: Ausenco Secures West Africa Mining Contract

Tuesday, March 22nd, 2011

Ausenco Limited (AAX) announced the award of a US$ 15 million operations and maintenance service contract for the Tonkolili Iron Ore Project in Sierra Leone, West Africa. The Optimise phase contract involves the provision of operation and maintenance services to 2 onsite mobile crushing and screening modules for phase 1A of the Iron Ore Project.The contract commences immediately and runs until July 2012, providing an additional boost to Program Mamagement’s growing recurring revenue base.

Ausenco CEO Zimi Meka said the win built on Ausenco’s deep experience in Africa abd expanded its broad expertise in the iron ore sector.

Ausenco sets high global standards for leading edge engineering and project management services in the resources and energy sectors. Spread across 32 offices in 20 countries, they seek solutions for their clients in the Energy, Environment & Sustainability, Minerals & Metals, Process Insfrastructure and Program Mamagement sectors.

www.ausenco.com

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

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ASX Company News: Ausenco Secures Chilean Projects

Thursday, February 24th, 2011

Ausenco Limited (AAX) announced the award of design engineering study work for two new pipelines and the port marine facilities for the Quebrada Blanca Phase 2 Project in Chile. The project, which is majority owned by Teck Resources Limited, involves evaluating the construction of a new copper concentrator, tailings management facility and pumping and pipeline installations for transporting copper concentrate and water to and from the port.

Ausenco CEO Zimi Meka said the new Evaluate and Innovate phase work was a pleasing win for the  Process Infrastructure business and built on the pre-feasibility study work the company completed last year. “Our businesses combined to work on the early stage study of the Quebrada Blanca project previously, giving us a strong understanding of the project and clients’ requirements,” he said. “Our involvement in this project is a clear demonstration of the collaborative efforts of our highly skilled  teams.”

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 32 offices in 20 countries, our people seek ingenious solutions for our clients in the Energy, Environment & Sustainability, Minerals & Metals, Process Infrastructure and Program Management sectors. We’re inspired to make a genuine positive impact on the world around us and in the communities in which we operate.

www.ausenco.com

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

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ASX Company News: Ausenco Awarded Oceana Gold Project Contract

Wednesday, February 16th, 2011

Ausenco Limited (AAX) announced the award of a Create phase contract for OceanaGold Corporation’s Didipio Project in the Philippines.

Ausenco CEO Zimi Meka said he was pleased to be given the opportunity to continue working with the Oceanagold team to deliver this project.  “Our Minerals & Metals business was involved in the Didipio Project before it was put on care and maintenance, so we are glad to be able to continue working with the team once again on this exciting project”,he said.  “This award builds on the momentum of new Create phase projects we enjoyed in the second half of 2010 and is an encouraging and positive win for the beginning of 2011″

OceanaGold has announced it has in place funding for the expected US$140 million capital to complete the project and has recently commenced pre-construction activities and obtained permits and licenses to achieve commercial production in the first quarter of 2013.

The Didipio Project is located approximately 270 kilometers north of Manila in Northern Luzon, Philippines

www.ausenco.com

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ASX Company News: Kingsgate Awards Thailand Mine Upgrade To Ausenco

Tuesday, August 17th, 2010

Global diversified engineering services and project management group, Ausenco Limited (AAX) is pleased to announce that it has been awarded the contract for the US$100 million processing plant upgrade of Kingsgate Consolidated Limited’s Chatree North Gold Project in Thailand.  The project involves the construction of a new plant and upgrade of existing infrastructure to more than double the mine’s combined throughput capacity to 5.0Mtpa of mine ore.

Ausenco CEO Zimi Meka said the contract built on the company’s long association with Kingsgate, which commenced with the construction of the original Chatree Gold Project in 2001.  “We’re pleased to be given the opportunity to further grow our relationship with Kingsgate, and continue our involvement with this project and the Akara Mining Operations team,” Mr Meka said.  “This latest project win builds on a number of global contracts awarded recently, creating a strong momentum into 2011 for Ausenco, and an exciting variety of challenging project opportunities for our people.  “In the last few months, Ausenco has been awarded a number of Create contracts including work on the Prosperity Gold-Copper project in Canada, the Cadia East processing plant upgrade and multiple contracts for Kestrel Mine.

“As we look forward, we are expecting clients to make a number of significant investment decisions over the short to medium term and we are confident of winning our share of this work,” said Mr Meka.  Ausenco’s Minerals & Metals team will manage the EPCM assignment for Chatree North, with specialist procurement expertise being delivered from the company’s global procurement hub in Thailand.  Work on the Chatree North Gold Project is expected to commence immediately and is due for completion during the third quarter of 2011. The Chatree Mine is Thailand’s largest gold mining operation.

www.ausenco.com.au

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

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