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WORLEY LIMITED — Capital/Financing Update 2011
Sep 15, 2011
66073_rns_2011-09-15_b9544071-2ff1-4e48-a435-11ef2b089db4.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
16 September 2011
ASX Release
WORLEYPARSONS LIMITED
(ASX: WOR)
WorleyParsons contract for the Serra Azul Expansion Project
CNEC WorleyParsons has reached agreement with MMX Mineração e Metálicos S.A (“MMX”) to provide professional services to support the expansion of the Serra Azul iron ore mining unit in Minas Gerais state, southeast Brazil. The Serra Azul Expansion Project (“Project”) includes a new iron ore processing plant with a connecting 10km conveyor belt to the proposed new railroad terminal. Under the contract, CNEC WorleyParsons will provide engineering, procurement and construction management services to the Project. The contract will provide WorleyParsons with estimated gross revenue of USD $150 million.
In early 2010, WorleyParsons acquired CNEC Engenharia SA, the stand alone engineering and project management operation formerly of the Camargo Correa E&C division.
WorleyParsons’ Chief Executive Officer, John Grill, commented: “CNEC WorleyParsons is very pleased to work with MMX through the provision of professional services to the Serra Azul Expansion project.”
For further information please contact:
Andrew Wood Geoff Fowlstone Group Managing Director – Finance/ CFO Fowlstone Communications Ph: +61 2 8923 6866 Ph: +61 2 9955 9899 www.worleyparsons.com Mob: +61 413 746 949 [email protected]