This should give the sp a little kick, if not stabiise the fall.
COMPANY ANNOUNCEMENT 17 June 2008 GRD Minproc awarded services agreement Engineering construction company GRD Minproc, a subsidiary of GRD Limited (ASX: GRD), has signed an ongoing services agreement with BHP Billiton for its Ravensthorpe Nickel Operation. The two year agreement is wide ranging and includes engineering, project management, procurement and construction management services where required. GRD Minproc, in joint venture, was involved in multiple stages of the Ravensthorpe Nickel life cycle – from feasibility study through project implementation. The joint venture team performed detailed engineering, procurement and construction management for the project GRD Limited Chief Executive Cliff Lawrenson said the ongoing services agreement was further endorsement of the EPCM role GRD Minproc had undertaken in such a technically advanced nickel laterite project. “We are excited to strengthen our relationship with BHP Billiton at an operation that is a showcase for Australian engineering talent and capability,” Mr Lawrenson said. ENDS For further information contact: Mr Cliff Lawrenson, Chief Executive, GRD, Tel +61 8 9278 1888 Mr Casey Cahill, Group Manager Corporate Affairs, GRD, Tel +61 8 9278 1888
GRD Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
