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WORLEY LIMITED — Capital/Financing Update 2010
Jun 27, 2010
66073_rns_2010-06-27_9ce438ff-b7a5-4e4b-abee-5445bb24e612.pdf
Capital/Financing Update
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Level 12, 141 Walker Street North Sydney NSW 2060 Australia Telephone: +61 2 8923 6866 Facsimile: +61 2 8923 6877 worleyparsons.com WorleyParsons Limited ABN 17 096 090 158
28 June 2010
ASX Release
WORLEYPARSONS LIMITED
(ASX: WOR)
WorleyParsons awarded services contract for S11D Project with Vale
Vale has awarded a significant cost reimbursable contract to a consortium of WorleyParsons and SNC-Lavalin for implementation of the S11D project in Brazil.
Vale’s multi billion dollar S11D project is a world class 90 million tonnes per annum iron ore processing facility located approximately 1,940 kilometers north east of Sao Paulo in Para State, Brazil, in one of the World’s richest ore bodies.
WorleyParsons’ services include engineering for the very innovative modular ore processing facilities, procurement support, construction management and supply of key project management professionals and leadership to the project owner’s team. SNC-Lavalin’s services relate to the infrastructure and overland conveying facilities, civil works, electromechanical assembly, as well as collaboration for procurement, construction and project management support.
This very important project is the corner stone of the WorleyParsons mining business in Brazil and facilitates the transfer of technology to build our in-country capability to better serve and provide value to Vale.
Commenting on the award, WorleyParsons’ Chief Executive Officer, Mr John Grill said that “This award from Vale reflects confidence in our global project execution capabilities and we are looking forward to the successful delivery of this important mega project to help Vale realize its business goals”.
Vale is the second largest diversified metals and mining company in the world, one of the 30 largest publicly traded companies in the world and the largest private sector company in Latin America. Vale has a market capitalization of around US$130 billion, with more than 500,000 shareholders from all continents.
For further information please contact:
David Housego Chief Financial Officer Ph: +61 2 8923 6866 www.worleyparsons.com
Geoff Fowlstone Fowlstone Communications Ph: +61 2 9955 9899 Mob: +61 413 746 949 [email protected]