ASX ANNOUNCEMENT 20 May 2013 Viento Awarded Contract at Fortescue Metals Group Ltd - Solomon Tailings Storage Facility Viento Group Limited (Viento, ASX: VIE) subsidiary Viento Contracting Services Pty Ltd (“VCS”) has been awarded the Fortescue Metals Group Ltd (ASX: FMG) Solomon Tailings Storage Facility contract worth approximately $15.4 million. This project is a joint venture with Eastern Guruma Pty Ltd and Wirlu-murra Yindjibarndi Aboriginal Corporation. The project will mobilise during May 2013 to commence construction of the Facility. The project is expected to be completed by late September 2013. Mr Patrick Pearcey, Managing Director of VCS said “This is a great boost for Viento and VCS as we look to grow our civil contracting business in the mining industry. We are excited by the opportunity to provide our services to Fortescue Metals Group Ltd on the Solomon Tailings Storage Facility. We look forward to a long rewarding partnership.” This is the first significant contract awarded since the inception of VCS on 1 July 2012. This has been a 12 month investment in personnel and resources to get us to this point. We now have a high level of tenders in the pipeline and look forward to 2014.
VIE Price at posting:
26.3¢ Sentiment: LT Buy Disclosure: Held
