CIMIC Group’s (ASX:CIM) mineral processing company, Sedgman has been awarded US$310 million in mineral processing contracts in South Africa.
The design, engineering procurement and construction contract with Ledjadja Coal will generate revenue of US$210 million to Sedgman over 26 months.
While the operations and maintenance contract at the Boikarabelo Coal Handling and Preparation Plant will generate revenue of US$100 million over the four year period post completion of the facility.
The company says the contract is a valued addition to its mineral processing portfolio. Reflecting Sedgmen’s world-leading expertise in the coal sector.
Shares in CIMIC Group (ASX:CIM) is trading 0.86 per cent higher to $48.75.