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BRISBANE - Ausenco Limited (ASX: AAX) recently 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.”
Cytec Phosphine Plant Expansion
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.
Grande Côte Mineral Sands Infrastructure Upgrade
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.
Kitimat Aluminium Smelter Expansion
Ausenco will deliver the Innovate and Create phase (EPCM) work in providing detailed engineering design and construction management for the expansion and upgrade of a carbon and paste plant at Rio Tinto Alcan’s aluminium smelter in Kitimat, British Columbia, Canada. This new work is scheduled to be completed by September 2013 and builds on Ausenco’s previous early phase work on the project during 2008.
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