Thursday, March 15, 2012

AusGroup's unit formalises $212m contract

AusGroup said its subsidiary, AGC Industries Pty Ltd, has formalised a A$160 million ($212.3 million) contract with Karara Mining Limited (KML) which it won in March last year.

The contract consists of structural, mechanical and piping installation works at KML’s Karara iron ore project located 210km east of Geraldton, Western Australia.

With the contract win, AusGroup’s order book now stands at $585 million.

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