Engineering and project management group Ausenco Ltd
(ASX:AAX) says its 50% owned Ausenco Taggart Joint Venture has been awarded an $8 million engineering contract at the Kestrel Mine in Central Queensland.
The contract is to deliver engineering for the coal handling and preparation plant for the extension at the Kestrel Mine, located near Emerald.
Ausenco says the coal handling and preparation plant forms part of the $1.3 billion Kestrel Mine Extension for the Kestrel Joint Venture between Rio Tinto Ltd (ASX:RIO), who holds an 80% stake, and Mitsui with the remaining 20%.
Ausenco CEO Zimi Meka says this contract is an important win for the Ausenco Taggart Joint Venture given the future opportunities in the global coal sector.
Mr Meka says this award also builds on the company’s relationship with Rio Tinto and Mitsui and follows last month’s award to Ausenco of the project construction management contract for the Kestrel Mine Extension.
Ausenco’s net profit after tax for calendar 2009 came to $20.14 million, a big drop from the year before.
