Ausenco Ltd
(ASX:AAX) says it has won an engineering and design contract for a copper project in Peru owned by HudBay Minerals.
Hudbay has estimated the current cost of development to be $US920 million.
Ausenco will work with Hudbay to develop the mine, plant and infrastructure for anticipated full production starting in 2016.
Ausenco says the contract adds to its profile in the high growth region of South America, which is a key target area of the company’s future growth.
Ausenco posted a net loss of $10.7 million in the six months to 31 December 2010.
