GR Engineering Services Limited (ASX:GNG) (GR Engineering) is pleased to announce that the scope of work has increased in relation to the engineering, procurement and construction (EPC) contract with Australian Nickel Investments Pty Ltd, a wholly owned subsidiary of IGO Limited (ASX:IGO) (IGO), for the upgrade of the existing nickel concentrator at the Cosmos Nickel Operations (the Project).
GR Engineering has been awarded a variation by IGO to further increase the throughput of the nickel concentrator at the Project from ~750 ktpa to 1,100 ktpa. This will bring the contract sum to $76 million.
Commenting on the award, Mr Geoff Jones, Managing Director said:
“GR Engineering has a long history of working with the IGO management team and is pleased to be awarded with this variation. GR Engineering looks forward to safely and successfully completing this important project.”
IGO’s CEO, Matt Dusci, stated:
"IGO is pleased to be working with GR Engineering on the Cosmos project after the previous successful collaboration on Nova."
About GR Engineering
GR Engineering specialises in providing fixed price engineering design and construction services to the global resources and mineral processing industries. GR Engineering has a proven track record of delivering integrated project solutions in over 20 countries across all major commodity types. As a group, GR Engineering employs more than 600 professional, technical and support staff throughout Australia and internationally, in addition to a direct construction workforce and subcontracted personnel.
GR Engineering Services Limited is listed on the Australian Securities Exchange (ASX: GNG).
For further information please contact:
+61 8 6272 6000
CFO & Company Secretary
+61 8 6272 6000
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