Engineering, project management and operations solutions provider to the resource and energy sectors, Ausenco Group
(ASX:AAX) has been awarded a US$130 million engineering, procurement and construction contract to complete the Kinsevere Stage 2 copper project for Anvil Mining Ltd
(ASX:AVM).
The contract follows the recommencement of the provision of engineering and design services at Kinsevere as well as the successful US$200 million debt and equity refinancing of Anvil, completed in December 2009.
The project was suspended in late 2008 when engineering was substantially complete and the majority of major procurement contracts had been let.
Ausenco recommenced providing the engineering services in July 2009.
CEO Zimi Meka says general tendering and pre-qualification activities on a range of potential project opportunities has increased in recent weeks and the company remains confident of its growth into 2010 and 2011.
Ausenco posted a profit of $56.27 million for calendar 2008.
