Ausenco secures $177m of contracts during Q1 2015

1 April 2015 (Last Updated April 1st, 2015 18:30)

Australia's engineering, construction and project management company Ausenco has secured $177m of additional revenue from several new and preferred contract awards and extensions in the first quarter of this year.

Australia's engineering, construction and project management company Ausenco has secured $177m of additional revenue from several new and preferred contract awards and extensions in the first quarter of this year.

The extra monies have enable the company to grow its global, diversified revenue pipeline and contribute to a preferred contractor. Current work stands at $147m, representing a $42m rise since February.

Recently, Ausenco secured a contract from a major resources client to provide engineering services to a Chilean copper mine over a 22-month period.

"Our growth is coming from our diversified, full service offering, our reputation for innovation and the strong relationships we've built."

Ausenco was also appointed by Minera Centinela to perform detailed engineering of all leach facilities at Encuentro Oxides copper project in Chile.

Under the deal, Ausenco provided services such as permeability systems, solution irrigation and collection systems, stacking and removal of minerals, as well as associated solution transportation pipelines.

Ausenco CEO Zimi Meka said: "Our growth is coming from our diversified, full service offering, our reputation for innovation and the strong relationships we've built with our clients.

"Many of our first quarter wins are from repeat clients who recognise first-hand our ability to deliver value on every assignment."

In addition to these, the company won preferred EPCM contractor status on two other copper and one gold projects in Chile.

Newcrest Mining extended two of Ausenco's contracts to December 2016 for sustaining capital works at the Lihir Island project in Papua New Guinea.

The company provided asset optimisation, value engineering and operations and maintenance support at the Moatize coal project for Vale in Mozambique.

Services were aimed at improving the mine's performance and increasing the rate of feed from the mine to the coal-handling preparation plant.