Sedgman Limited (SDM) will go ex dividend on 10/3/2010. The current dividend payment is 3 cents and it is 100% franked. The record date is 16/3/2010 and the dividend will be paid on 31/3/2010. Based on the full year payment the dividend yield is 4.0%.
*Current Yield: 2.0% Franking: 100% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 26/2/2010. Current yield is based on the current dividend payment only.
Sedgman Limited (SDM) will go ex dividend on 17/9/2009. The current dividend payment is 3 cents and it is 100% franked. The record date is 23/9/2009 and the dividend will be paid on 30/9/2009. Based on the full year payment the dividend yield is 3.9%.
Current Yield: 1.9% Franking: 100% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 4/9/2009. Current yield is based on the current dividend payment only.
Resource sector services company Sedgman Limited (SDM) announced the extension and amalgamation of two key operating contracts worth $80 million at the Coppabella and Moorvale coal mines operated by Macarthur Coal Pty Ltd. The 3-year contract will see Sedgman continue to operate and maintain the Coppabella and Moorvale Coal Handling and Preparation Plants (CHPP).
Sedgman Coal’s Chief Operating Officer Mr Steve van Barneveld said the contracted services included provision of staff, maintenance planning, process optimisation, health, safety and environmental management, supply of parts and consumables and provision of mobile equipment.
“This is Sedgman’s third operating term for Coppabella since we designed and built the original CHPP in 1999 and our second term at Moorvale after completing the CHPP there in 2003,” Mr van Barneveld said. Mr van Barneveld said the Coppabella plant had processed more than 47 million tonnes of coal since completion and operated lost time injury free for the last eight years. Similarly, the Moorvale CHPP has processed 16 million tonnes and operated lost time injury free during the past three years. Sedgman’s Managing Director Mark Read said operating contracts such as those renewed by Macarthur were particularly important to Sedgman for a number of reasons.
Sedgman Limited (SDM) was established in 1979 and is a leading provider of mineral processing 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 coal processing and materials handling technologies. It’s structure comprises the two core business units of Engineering Services and Operations that currently service both coal and minerals opportunities.
Sedgman Limited (SDM) today announced that it has won an A$50 million (USD$36 million) contract to design and construct a new coal handling plant (CHP) as part of a major expansion of the Bocamina power station in Chile. The Bocamina power station is owned and operated by major Latin American energy group Endosa. Technimont Chile, on behalf of Technimont – SES consortium, is undertaking expansion of the 350 MW power station for Endesa at a total project cost of over USD$600 million.
The EI Cerrejon project is for design, procurement and construction activities to expand the existing processing plant from 375 tonnes per hour to 500 tonnes per hour. Design work has been completed and it is anticipated that construction will be completed during a plant shut down in August 2009. Work on the Bocamina-CHP update commenced under a letter of intent with completion due by mid-2010.
