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SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — Capital/Financing Update 2014
Jan 9, 2014
65884_rns_2014-01-09_bdb9b70c-bb8e-46ee-a2d6-b96aebc5f594.pdf
Capital/Financing Update
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Notice of award of contract
10 January 2014
ASX & media announcement ASX code: SXE
Contact
Highlights
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SCEE awarded E&I works on Rio Tinto’s Cape Lambert Port B Project
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SCEE to perform Phase 1 package for Car Dumpers and Screenhouse
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Award value of approximately $40m
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Negotiations ongoing for Phase 2 works package
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Continuation from SCEE’s successful delivery of Phase A works
SCEE HEAD OFFICE 41 Macedonia Street, Naval Base, Perth 6165 Western Australia E: [email protected] T: +61 (0)8 9236 8300 F: +61 (0)8 9410 2504
Simon High Managing Director E: [email protected]
Chris Douglass Chief Financial Officer & Joint Company Secretary E: [email protected] Colin Harper Investor Relations Manager & Joint Company Secretary E: [email protected]
SCEE advises that is has received a letter of award from Rio Tinto to perform Electrical and Instrumentation works at the Cape Lambert Port B Project.
SCEE has been awarded the Phase 1 package for the Car Dumpers and Screenhouse at a value of approximately $40m. Work is scheduled to commence in January 2014.
SCEE and Rio Tinto are continuing discussions regarding the Phase 2 package, which is anticipated to be of a similar value to Phase 1.
SCEE’s Managing Director, Simon High, said “Rio Tinto is a very important client for SCEE and we are pleased to be awarded the next stage of works at their Cape Lambert Port B Project which is an endorsement of our successful delivery of earlier work on this project in 2012 and 2013.”
About SCEE
SCEE is an emerging Tier One provider of specialised electrical and instrumentation services to Australia’s resources sector. Delivering life-of-project electrical infrastructure, construction and support services to its blue-chip customers for more than 30 years, SCEE also has a strong reputation for safety and excellence. Our expertise and capacity enables us to undertake complex large-scale projects in harsh and remote environments. Committed to our people with a strong focus on training and development, our track-record and collaborative, flexible approach has seen us continually expand our operations.
SCEE was established in 1978 and is listed on the Australian Securities Exchange under the code SXE.
Southern Cross Electrical Engineering Limited
ABN 92 009 307 046