Southern Cross Electrical Engineering (ASX:SXE) awarded work by Rio Tinto in Pilbara

Company News

by Rachael Jones

Southern Cross Electrical Engineering Limited (ASX:SXE) has been awarded a contract valued at over $65 million by Rio Tinto.

It’s for work at their new Gudai-Darri (formerly known as Koodaideri) iron ore mine located in the Pilbara region of Western Australia.

The company will perform the plant electrical and instrumentation works at the mine as part of the Gudai-Darri Phase 1 Project.

Shares in Southern Cross Electrical Engineering Limited (ASX:SXE) are trading 3.85 per cent higher at $0.54.
 

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.