Ausenco Bags EPCM Contract for Brazilian Gold Project
Beadell Resources has awarded a A$75m (US$80m) engineering, procurement, construction and management (EPCM) contract to Ausenco for its CIL plant at the Tucano gold project in Brazil.
Beadell has commissioned Ausenco to conduct early works on detailed engineering and procurement of long-lead items.
Ausenco will continue with completion of engineering and mobilisation for the start of construction and will enable Beadell to produce gold from the Tucano operation in the March 2012.
Beadell's managing director Peter Bowler commented, "Our experienced and committed owner's team looks forward to working with Ausenco's professional team during construction as the Tucano project moves rapidly towards production.
Funding discussions are well advanced with both a Brazilian development bank and the shortlisted international banks offering a project finance facility.