Posts Tagged ‘Sedgman’

ASX Company News: Sedgman Awarded CHPP Contract By MacArthur Coal

Thursday, September 29th, 2011

Leading resource sector services company Sedgman Limited (SDM) announced that the Thiess Sedgman Joint Venture (TSJV) has been awarded a A$85 million contract to design, procure, construct and commission a Coal Handling and Preparation Plant (CHPP) at the Codrilla Coal Mine on behalf of Macarthur Coal (C&M Management) Pty Ltd, the manager of the Coppabella Moorvale Joint Venture (CMJV). The mine is located in Queensland’s Bowen Basin, approximately 185km south west of Mackay near the townships of Nebo and Moranbah and is being developed by the CMJV, in which Macarthur Coal (MCC) is the majority joint venture participant. Mining operations are expected to commence in calendar year 2012, subject to the receipt of final regulatory approvals. The CHPP capacity will be 600 tonnes per hour. The TSJV’s works have commenced, and practical completion is due in the fourth quarter of FY2013. The TSJV contract is not contingent on any outcomes of the current PEAMCoal takeover offer for Macarthur Coal.

Sedgman Managing Director and Chief Executive Officer Nick Jukes said Sedgman was extremely pleased to further strengthen its relationship with Macarthur Coal. “Sedgman has had a long association with Macarthur Coal, having designed and built CHPPs at the Coppabella mine in 1999, at Moorvale Mine in 2003, and at Middlemount Mine in 2007. Sedgman continues to operate these CHPPs, including stockpile management and train loading functions.

Sedgman Limited (SDM) was established in 1979 and is a leading provider of mineral processing and associated infrastructure solutions to the global resources industry. Specialising in the design, construction and operation of coal handling and preparation plants (CHPPs), Sedgman is recognised internationally for its mineral processing and materials handling technologies.

www.sedgman.com

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

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ASX Company News: Sedgman Secures $22 million Coal Handling Contract

Monday, August 15th, 2011

Leading resource sector services company Sedgman Limited (SDM) announced it  has been awarded an A$22.5 million contract for improvements to the Coal Handling and Preparation Plant (CHPP) at Queensland’s Middlemount Coal Mine. The contract further strengthens the relationship with Middlemount. In 2007 Sedgman was awarded contracts to design, build and operate the CHPP and continues to be the plant’s operator.

“Sedgman is very pleased to announce the signing of contracts for these plant improvements at the Middlemount Coal Mine,” Sedgman Managing Director and Chief Executive Officer Nick Jukes said. “The plant modifications are to include sizing infrastructure to allow improvement to the coking product produced, as well as an improvement to the stockpiling capacity of the operation.” “We are very proud to continue to be a part of this project and to assist Middlemount with these improvements to their existing plant.” Mr Jukes said Sedgman continues to be the market leader in CHPP design, construction and operation and had established a reputation for its ability to achieve client objectives, including delivering projects on time and on budget.

Sedgman Limited (SDM) was established in 1979 and is a leading provider of mineral processing and associated infrastructure solutions to the global resources industry. Specialising in the design, construction and operation of coal handling and preparation plants (CHPPs), Sedgman is recognised internationally for its mineral processing and materials handling technologies. Sedgman has more than 1000 personnel and services the global coal and metalliferous markets by offering innovative Engineering and Operations capabilities.

www.sedgman.com.au

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

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ASX Company News: Sedgman Secures Mongolian EPCM Contract

Thursday, July 21st, 2011

Leading resource sector services company Sedgman Limited (SDM) announced it had received a formal Notice to Proceed with an USD$24 million Engineering, Procurement and Construction Management (EPCM) contract at Energy Resources LLC’s Ukhaa Khudag (UHG) mine in Mongolia.

Sedgman Managing Director Nick Jukes said the contract was another significant milestone for Sedgman as it continues to advance its position as a leading provider of engineering services in the world’s major emerging coal production regions. He said the contract also strengthens Sedgman’s relationship with Energy Resources at UHG where Sedgman commenced work on the Stage 1 coal handling and processing plant (CHPP) in 2009. “We are very pleased to announce that Energy Resources has provided us with a formal Notice to Proceed with this significant contract. We look forward to our upcoming work on Stage 3 of UHG’s coal handling and preparation plant,” Mr Jukes said. “The South Gobi region of Mongolia continues to emerge as one of the world’s most exciting coal production regions. It has been a significant achievement for Sedgman to have delivered the region’s first coal plant for UHG, to be involved in its ongoing management and initial expansion and to now continue with this expansion.

The Stage 3 contract, which increases CHPP capacity to 15 Mtpa, takes the value of Sedgman’s work at UHG to approximately AUD$75 million. Sedgman in March 2009 announced the initial Stage 1 AUD$20million EPCM contract at UHG. In January 2011 Sedgman announced further Stage 1 Operational Management and Stage 2 EPCM contracts with a total value of USD$31million.

Sedgman Limited (SDM) was established in 1979 and is a leading provider of mineral processing and associated infrastructure solutions to the global resources industry. Specialising in the design, construction and operation of coal handling and preparation plants (CHPPs), Sedgman is recognised internationally for its mineral processing and materials handling technologies.

www.sedgman.com

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

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Dividends: Sedgman Ex Dividend On 9/3/2011

Tuesday, March 8th, 2011

Sedgman Limited (SDM) will go ex dividend on 9/3/2011. The current dividend payment is 3 cents and it is 100% franked. The record date is 16/3/2011 and the dividend will be paid on 30/3/2011. Based on the full year payment the dividend yield is 3.4%.

*Current Yield: 1.6% Franking: 100% DRP Discount: Not Available

Sedgman Limited

*Yield has been calculated on the closing price on the 27/2/2011. Current yield is based on the current dividend payment only.

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ASX Company News: Sedgman Secures Contract To Construct Coal Handling Plant

Wednesday, February 2nd, 2011

Leading resource sector services company Sedgman Limited (SDM) announced the Thiess Sedgman Joint Venture (TSJV) has been awarded a $145 million contract to expand the Coal Handling and Preparation Plant (CHPP) at Lake Vermont mine in central Queensland.

The TSJV contract is to design, procure, construct and commission an expansion of the CHPP on behalf of Lake Vermont Resources Pty Limited (LVR). The mine is located about 18 kilometres north east of Dysart in Central Queensland. The upgraded CHPP is required to produce up to 4 million tonnes of additional product coal per annum, utilising LVR’s existing train load out system. The product coal, all metallurgical, will be predominately hard coking coal with the balance PCI. TSJV designed and constructed the original Lake Vermont mine CHPP, which was commissioned in March 2009. The project team completed the project on time and met all client requirements despite encountering wet weather delays. The timely completion of the project to budget and performance requirements was also significant given the strong market demands for project services experienced at the time.

LVR operates the mine on behalf of the Lake Vermont Joint Venture, an unincorporated joint venture between Jellinbah Group (70%), Marubeni Coal Pty Limited (10%), CHR Vermont Pty Limited (10%) and Coranar (Australia) Pty Limited (10%).

Sedgman Chief Executive Officer and Managing Director Nick Jukes said Sedgman was very pleased to secure the contract for the CHPP expansion and looks forward to working within the TSJV to deliver another successful outcome for LVR. “Sedgman is the market leader in the design, construction and operation of CHPPs. We look forward to building on our past successes at the Lake Vermont mine with the execution of a project that is on time, on budget, and achieves all our client’s objectives,” Mr Jukes said.

Sedgman Limited (SDM) was established in 1979 and is a leading provider of mineral processing and associated infrastructure solutions to the global resources industry. Specialising in the design, construction and operation of coal handling and preparation plants (CHPPs), Sedgman is recognized internationally for its mineral processing and materials handling technologies.

www.sedgman.com.au

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

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ASX Company News: Sedgman Secures $31 million In Coal Contracts

Wednesday, January 12th, 2011

Leading resource sector services company Sedgman Limited (SDM) has announced contracts valued at a total of US$31 million in the emerging global coal region of Mongolia, including the company’s first international operations management contract. Sedgman’s contracts include US$19 million of Engineering, Procurement and Construction Management (EPCM) contracts for the second stage of Energy Resources LLC’s coal handling and processing plant (CHPP) at the UHG mine in the South Gobi region of Mongolia. The contracts follow Sedgman’s initial EPCM contract for the CHPP at the mine’s first stage, UHG 1. The plant was the first to be built in Mongolia. Sedgman has also been awarded a further US$12 million worth of contracts – an operational readiness contract and a three-year contract to manage the CHPP at UHG 1. It will be the Company’s first operations management contract outside of Australia, where Sedgman currently has 11 coal and metals operations contracts.

Sedgman Chairman Russell Kempnich said the contracts were further evidence the Company was successfully delivering on its international expansion strategy. “We are very pleased to be expanding our relationship with Energy Resources in one of the world’s most prospective coal regions,” Mr Kempnich said. “These contracts are very significant for Sedgman. We are very proud of our work on the coal plant at UHG 1, a development which is setting the standard in a region of Mongolia that is forecast to grow rapidly to meet the coal demands of China’s major steel makers. “The additional contracts for the management of the first plant and for EPCM services on the second plant show recognition of our ability to deliver on projects, including those in challenging and remote locations, and our ability to develop strong client relationships which result in repeat business.

Sedgman Limited (SDM) was established in 1979 and is a leading provider of mineral processing and associated infrastructure solutions to the global resources industry. Specialising in the design, construction and operation of coal handling and preparation plants (CHPPs), Sedgman is recognized internationally for its mineral processing and materials handling technologies. The company services the global coal and metalliferous markets by offering innovative Engineering and Operations capabilities. Sedgman won both the Premier of Queensland’s Export Award and the Australian Export Award for the Large Services category in 2010.

www.sedgman.com

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

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Dividends: Sedgman Ex Dividend On 26/8/2010

Monday, August 23rd, 2010

Sedgman Limited (SDM) will go ex dividend on 26/8/2010. The current dividend payment is 3.5 cents and it is 100% franked. The record date is 1/9/2010 and the dividend will be paid on 17/9/2010. Based on the full year payment the dividend yield is 3.5%.

*Current Yield: 2.0% Franking: 100% DRP Discount: Not Available

Sedgman Limited

*Yield has been calculated on the closing price on the 19/8/2010. Current yield is based on the current dividend payment only.

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Sedgman Secures $80 million Mining Contract

Tuesday, June 8th, 2010

Leading resource sector services company Sedgman Limited (SDM) has today signed a construction contract worth approximately $80 million for the Benga coal handling and preparation plant (CHPP) in Mozambique. This new contract takes the total value of Benga project work awarded to the Company to more than $143 million. The Benga project is being developed by Riversdale Mining Ltd (RIV) and its partner Tata Steel Limited in Mozambique’s Moatize basin through their jointly owned entity,  Riversdale Mozambique Limitada (RML). Sedgman’s scope of works relates to the US$270 million first stage of the Benga project and is being delivered by Sedgman Australia, Sedgman South Africa and Sedgman Mozambique. Stage 1 entails processing 5.3 million ROM tonnes per year to produce approximately 1.7Mtpa of high quality hard coking coal and 0.3Mtpa of export thermal coal.

Sedgman’s Managing Director Mark Read said the Company was pleased to have finalized the last contractual element for stage 1 of the Benga CHPP project and looked forward to developing a long-term relationship with RML. “We are committed to delivering this CHPP to specification, on time and on budget and look forward to providing our full scope of services to RML,” Mr Read said. Mr Read said the award of the Benga contracts acknowledged the extent of Sedgman’s leadership in minerals processing and materials handling technologies. “Importantly, this new contract follows on from the $150 million of EPC contracts won by Sedgman’s Coal division in the past three months, and the award to the Metals division of an EPC contract for Discovery Metals’ Boseto Copper project in Botswana which is potentially worth US$85 million,” Mr Read said.

Sedgman Limited (SDM) was established in 1979 and is a leading provider of mineral processing and associated infrastructure solutions to the global resources industry. Specialising in the design, construction and operation of coal handling and preparation plants (CHPPs), Sedgman is recognised internationally for its mineral processing and materials handling technologies. The company services the global coal and metalliferous markets by offering innovative Engineering and Operations capabilities. Head Office is in Brisbane with international offices established in Beijing, Santiago and Johannesburg targeting the growth regions of China/Mongolia, South America and southern Africa.

www.sedgman.com.au

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Sedgman Secures $50 million NSW Coal Contract

Friday, April 30th, 2010

Sedgman Limited (SDM) confirmed it has signed a contract exceeding $50 million to Engineer, Procure and Construct (EPC) a new Coal Handling and Preparation Plant (CHPP) at the Narrabri North coal mine in New South Wales.  The mine, located 28km south of the NSW town of Narrabri, is owned by Narrabri Coal Operations Pty Ltd (NCO) – a joint venture company in which listed Australian coal miner Whitehaven Coal Limited (ASX Code: WHC) has a 70 per cent operating interest.  The new CHPP is part of NCO’s Stage Two longwall mining development plan to lift production to 6 million tonnes a year to produce Thermal and PCI coals.

Sedgman’s Managing Director Mark Read said the contract win was particularly significant given the competitive tender process involved and reinforced Sedgman’s track record in competitively delivering coal projects within the key New South Wales market.  “The award of the contract was due in part to Sedgman’s approach to safety and the environment, design innovation and project execution record,” Mr Read said.  “We are now looking forward to delivering this CHPP project on time and on budget and developing a long term client relationship with Whitehaven Coal and its joint venture partners in the Narrabri North mine.”

The new CHPP facility will include reclamation capacity of 1,000 tonnes per hour of coal from the existing raw coal stockpile, a rotary breaker, a dry screening process, dense media bath and a PCI coal processing circuit.

Mr Read said winning the new Narrabri North CHPP contract further supported Sedgman’s positive earnings outlook for FY2011 and beyond as global business conditions improved.  “We expect to continue to grow our order book and capitalise on the increasing number of project opportunities both in Australia and abroad,” he said.

Sedgman is recognised internationally for its coal processing and materials handling technologies and is currently focused on a $5.5 billion global pipeline of targeted project opportunities in coal and metals.”

www.sedgman.com

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Sedgman Secures $48 million Construction Contract

Thursday, March 25th, 2010

Leading resource sector services company Sedgman Limited (SDM) has today secured a $48 million construction contact for the upgrade of Xstrata Coal’s ATCOM coal handling and preparation plant (CHPP) at Witbank near Johannesburg. The upgrade is part of Xstrata Coal’s $US407 million ATCOM East Project and is being delivered by Sedgman Limited and Sedgman South Africa (Pty) Ltd under a staged, tripartite contract with Xstrata South Africa (Pty) Ltd (XCSA). This new contract follows on from the $75 million design and supply contract announced by Sedgman on 19 November 2009, taking the total value of work awarded to the Company on the ATCOM upgrade project to $123 million.

Sedgman’s Managing Director Mark Read said Xstrata Coal was targeting project completion by the end of calendar 2010. “Securing this construction contract on top of the engineering and procurement contract has really cemented the opportunity for Sedgman to showcase its technology leadership, innovation and commitment to excellence in this new market and to drive the future growth of our business there,” Mr Read said. “It also confirms the depth of the international relationships we have established with global resource companies such as Xstrata Coal.”  Mr Read said Sedgman had also been engaged to undertake a feasibility study for a new coal mine project in Mozambique’s emerging, world-class Moatize Basin which has attracted the attention of the world’s leading resource companies.

“Sedgman has already been working with Brazilian mining house Vale on its multi-billion dollar Moatize coal project in Mozambique and Riversdale Mining’s nearby Benga coal project,” Mr Read said. “This new study is for one of several regional projects in the Company’s project pipeline which  would largely be delivered through Sedgman South Africa’s expanding operations in Johannesburg where almost 30 staff are now based,” Mr Read said.

Sedgman Limited (SDM) was established in 1979 and is a leading provider of mineral processing and associated infrastructure solutions to the global resources industry. Specialising in the design, construction and operation of coal handling and preparation plants (CHPPs), Sedgman is recognized internationally for its coal processing and materials handling technologies. The Company services the global coal and metalliferous markets by offering innovative Engineering and Operations capabilities.

www.sedgman.com

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