Contract Award - Telfer LP237 Refurbishment and Commissioning

Company News

GR ENGINEERING AWARDED $18 MILLION CONTRACT FOR TELFER LP237 REFURBISHMENT AND COMMISSIONING

GR Engineering Services Limited (ASX:GNG) (GR Engineering) today announced it had been awarded an engineering, procurement and construction (EPC) lump sum contract by Newcrest Mining Limited (ASX:NCM) (Newcrest) for the refurbishment and commissioning of the LP237 dump leaching facility at Newcrest’s Telfer mine in Western Australia (Contract).

The revenue contribution to GR Engineering from the Contract is approximately $18 million, with the Contract works being due for completion in November 2012.  

The works under the Telfer LP237 Contract include engineering design and documentation, procurement of materials and equipment, fabrication, construction, commissioning and project management.

Joe Ricciardo, Managing Director, said:

“This Contract is GR Engineering’s third brownfields EPC engagement at Telfer in the past year, all of which have been awarded following our delivery of front end engineering studies. We look forward to continuing our strong working relationship with Newcrest and demonstrating GR Engineering’s ability to unlock value for clients through the delivery of incremental project enhancements.”

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