Global diversified engineering services group Ausenco Ltd
(ASX:AAX) says it has been asked to come back and finish the engineering and design on the Kinsevere Stage II copper project for Anvil Mining Ltd
(ASX:AVM).
The US$380 million project was suspended late last year due to weaker copper prices when engineering was approximately 80 per cent complete.
CEO Zimi Meka says the project’s recommencement represents an important opportunity and an indication of increasing confidence in the base metals sector.
Ausenco says its scope under the reappointment of delivery of project services has been broadened.
Ausenco’s 2008 net profit was $56.26 million.
