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SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — Capital/Financing Update 2012
Apr 26, 2012
65884_rns_2012-04-26_ea1e09cd-d13f-495b-9760-9f7f0e550b44.pdf
Capital/Financing Update
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SOUTHERN CROSS ELECTRICAL ENGINEERING LIMITED
ASX RELEASE
27 April 2012
Notice of award of Sino Iron Conveyors Electrical Installation
Southern Cross Electrical Engineering Ltd (ASX:SXE) is pleased to announce it has received a site instruction from MCCM to commence work on various conveyors on the Sino Iron Project.
Work on this area of the plant is expected to commence in early May and to run for approximately three months. This contract, which will be executed on a cost reimbursable basis, is expected to have a value in the order of $6m.
SXE Managing Director Simon High said “Award of this work will allow us to transfer the majority of our workforce, currently engaged in our contract for Area F, onto a new and significant work area. We value the relationship between MCCM and SXE and look forward to successfully executing this new package of work.”
For further information please contact:
Simon High Managing Director/Chief Executive Officer Southern Cross Electrical Engineering Limited Telephone: +61 9236 8300 Email: [email protected]
Chris Douglass Chief Financial Officer/Company Secretary Southern Cross Electrical Engineering Limited Telephone: +61 9236 8300 Email: [email protected]