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IGO LIMITED — Capital/Financing Update 2012
Sep 25, 2012
65111_rns_2012-09-25_3a32b24a-19a1-4c8b-8475-8da45a067e74.pdf
Capital/Financing Update
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----- Start of picture text ----- SOUTHERN CROSSELECTRICAL ENGINEERING LIMITED----- End of picture text -----
ASX RELEASE
26 September 2012
Notice of award of contract
Southern Cross Electrical Engineering Ltd (ASX:SXE) is pleased to announce it has been awarded a contract for the Electrical, Instrumentation, Communication and Process Control Plant Infrastructure package of the Tropicana Gold Project.
The Tropicana Gold Project is a joint venture between AngloGold Ashanti Australia Ltd (70% and manager) and Independence Group NL (30%).
SXE Managing Director, Simon High, said “We are extremely pleased to have been awarded this contract. Southern Cross Electrical Engineering has a very long and successful history of working on gold plants in remote locations and this award allows us to continue to build on the experience gained over many years. We look forward to continuing to work with AngloGold Ashanti Australia and the EPCM contractor, Lycopodium, in delivery of this very significant project.”
The remote greenfield project is located 330 kilometres east-north-east of Kalgoorlie and is expected to produce an average of 330,000-350,000 ounces of gold per annum over the life of the mine. The project development requires considerable supporting infrastructure including a new 11kv overhead powerline. The powerline installation will be constructed by our specialist infrastructure business, SCEE Infrastructure.
The contract value is worth in excess of $40 million. Work will commence immediately on the project and conclude in May 2013.
About SCEE
Southern Cross Electrical Engineering Limited specialise in the construction, commissioning and maintenance of Electrical, Control and Instrumentation services to projects in the resource sector.
For further information please contact:
Simon High Chris Douglass Managing Director/Chief Executive Officer Chief Financial Officer Southern Cross Electrical Engineering Ltd Southern Cross Electrical Engineering Ltd Telephone: +61 (08) 9236 8300 Telephone: +61 (08) 9236 8300 Email: [email protected] Email: [email protected]