Ausenco extends scope on Brazil gold project
Engineering conglomerate Ausenco Ltd (ASX Code: AAX) had secured another contract with Beadell Resources Ltd (ASX: BDR) to manage the $75 million processing plant delivery at the Tucano gold project in Brazil.
Ausenco CEO Zimi Meka said the new contract built on Ausenco’s earlier phase work with Beadell to deliver the definitive feasibility study, detailed engineering and procurement activities for the project.
“Brazil is a key market for us, having recently expanded our office in Belo Horizonte. We’ve worked with Beadell since 2010 to assist them to develop the Tucano project to enable production by the March 2012 quarter,” he said.
“We have extensive knowledge of the project and a strong working relationship with the project team and look forward to continuing to work with Beadell to deliver gold from Tucano.”
Mr Meka said the project further built on Ausenco’s Create phase momentum and extensive engineering and project management network in South America.
“Importantly, a lot of our Create phase contracts are coming from projects that we’ve worked on previously in earlier stages demonstrating the soundness of our strategy.”
The Tucano gold project, located in Amapa State in northern Brazil, comprises approximately 4.3 million ounces of gold with 1.224 million ounces in optimised open pits. The project also includes more than 2,500 km2 of gold exploration tenements.