CIMIC Group awarded Byerman Coal Mine contract

Company News

by Anna Napoli

CIMIC Group's (ASX:CIM) mineral processing company, Sedgman has been awarded a contract at the Byerman Coal Mine in Central Queensland.

The contract will generate $155 million for the company.

The engineering, procurement and construction contract will deliver an expansion in the first phase of the project which Sedgeman was awarded in 2018.

CIMIC Group CEO Michael Wright says the latest contract demonstrates Sedgemen's ability to deliver positive and consistent outcomes for QCoal.

Shares in CIMIC Group (ASX:CIM) are trading 0.59 per cent lower at $43.81.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.